Cantex Intersects Gold Accompanied by Arsenic, Antimony and Mercury in Initial Drilling on Bruner Property in Nevada
Cantex Intersects Gold Accompanied by
Arsenic, Antimony and Mercury in Initial
Drilling on Bruner Property in Nevada
KELOWNA, BC
,
May 4, 2021
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (the
"Company") is pleased to report the first five of fourteen reverse circulation drill holes on its 100%
owned Bruner property in
Nevada
.
Dr.
Chuck Fipke
reports
Bruner Property
The Bruner property is located in
Nye County, Nevada
, which hosts numerous gold mines. Its
location is presented in Figure 1. Cantex completed 14 reverse circulation ("RC") holes on the
project and has received results from five holes.
Figure 1. Cantex Nevada project locations. (CNW Group/Cantex Mine Development Corp.)
Table 1 presents the most significant intercepts from the first five holes, the locations of which are
presented in Figure 2.
Table 1
. Significant Bruner drill results.
Hole
Intersection
Length
Gold
Arsenic
Antimony
Mercury
From
To
(m)
(m)
(m)
(g/t)
(ppm)
(ppm)
(ppm)
733DH21010
19.81
24.38
4.57
0.060
2.90
0.96
0.50
733DH21011
59.44
64.01
4.57
0.054
5.13
2.54
0.64
733DH21012
16.76
19.81
3.05
0.118
4.05
2.75
0.51
733DH21013
0
39.62
39.62
0.348
11.17
10.59
0.87
733DH21014
0
7.62
7.62
0.084
25.78
1.63
2.94
36.58
42.67
6.09
0.229
27.73
1.84
1.95
54.86
65.53
10.67
0.083
5.41
1.32
0.99
79.25
118.87
39.62
0.144
9.62
0.83
1.39
Figure 2. Bruner access roads and drill pads. (CNW Group/Cantex Mine Development Corp.)
Sample Preparation and Analysis
The drill holes reported in this press release were drilled using reverse circulation drilling with hole
diameters between 140 and 146mm. A representative split of the sample was collected off the drill
and sent for geochemical analysis. Another split of the sample has been stored on site. Samples
were securely transported to the ALS Chemex Laboratory in
Reno
, Nevada. Here the samples were
dried and crushed to 70% passing 2 mm before a 250 gram split was pulverized to 85% passing 75
micrometres. The samples were then analyzed using the AuME-TL43 technique which involves the
Aqua Regia digestion of a 25 gram charge and analysis by ICP-MS and ICP-AES. Quality control
included the insertion of blanks, standards and field duplicates
Weepah South Property
Drill testing at the Weepah South property determined that the source of the conductive geophysical
anomaly was graphite interbedded in Paleozoic carbonate rocks rather than the hoped for
conductive gold mineralized target. Analytical results confirmed that gold mineralization was not
present and no additional work is planned for these claims.
Baxter Springs Property
Five drill holes were completed on the 100% owned Baxter Springs property and analytical results
are pending.
Carico Lake Property
Roads and three drill pads have been constructed at the Carico Lake property. Three holes totalling
1,100 metres are to be drilled as soon as a suitable drill is available.
Conclusion
The Cantex directors are most encouraged by the Bruner property results; the five holes completed
to date indicate a Nevada-style gold-arsenic-antimony system has been intersected.
Structural geological mapping will be undertaken after the remaining drill results are received. The
focus of the mapping will be to assist in determining where the centre of the mineralized system is.
In addition, work will include rock chip sampling of the road cuts created by the access roads
leading to the 14 drill sites. It is hoped that these results as well as the forthcoming analytical
results from the nine remaining holes will further define gold mineralization on the Bruner property.
The technical information and results reported here have been reviewed by Mr.
Chad Ulansky
P.Geol
., a Qualified Person under National Instrument 43-101, who is responsible for the technical
content of this release.
Signed,
Charles Fipke
Charles Fipke
Chairman
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implied by such forward-looking statements. Such factors include, among others, risks identified in
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certainty to forward-looking statements.
SOURCE
Cantex Mine Development Corp.
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For further information:
Cantex Mine Development Corp, Tel: +1-250-860-8582; Email:
CO: Cantex Mine Development Corp.
CNW 09:00e 04-MAY-21