Cantex Main Zone Enriched IN Critical Metal Germanium ON Its 100% Owned North Rackla Project, Yukon
CANTEX MAIN ZONE ENRICHED IN CRITICAL
METAL GERMANIUM ON ITS 100% OWNED
NORTH RACKLA PROJECT, YUKON
KELOWNA, BC
,
Feb. 9, 2023
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (OTCQB:
CTXDF) (the "Company") is pleased to provide an update on the Main Zone at its 100-percent-
owned 14,077 hectare North Rackla claim block in the
Yukon
.
Dr.
Charles Fipke
reports
High Germanium Content in Main Zone Sulphides
Cantex is pleased to report that analyses of sphalerite (zinc sulphide) from its Main Zone
mineralization show very high germanium values. A total of twelve analyses were completed on
samples from four drill holes testing the Main Zone at the Massive Sulphide project in the Yukon.
These results, along with gallium and indium are presented in the following table.
Table 1.
Germanium content in Main Zone Sphalerite
Hole
Depth Down Hole (metres)
Germanium (grams per tonne)
Gallium (grams per tonne)
Indium
(grams per tonne)
YKDD18-012
103
1730
0.033
0.44
103
147
0.06
0.034
YKDD18-013
124
1160
0.084
0.016
124
393
0.05
0.022
YKDD18-014
197
315
0.041
0.002
197
1450
2.03
0.15
201
1110
0.106
0.039
201
943
0.481
1.05
202
825
0.142
0.021
202
862
0.235
0.013
YKDD18-015
131
287
2.09
8.42
131
323
1.46
1.08
As seen in the above table the germanium content of sphalerite in the Main Zone is very high,
averaging 795 grams per tonne. This content is significant when compared to other global sources
of germanium.
Germanium is one of the elements identified as a Critical Element in both
Canada
and the United
States. It is a high value metal, currently selling for
US$1.21
per gram (
February 08, 2023
; Trading
Economics;
https://tradingeconomics.com/commodity/germanium
). Germanium is predominantly
used in fibre-optic systems, infrared optics, polymerization catalysts, the highest efficiency solar
cells currently available and high-brightness light-emitting-diodes used in televisions and vehicle
headlights.
Global production in 2021 is estimated at 140 tonnes. Approximately 60% of this is sourced from
sphalerite ores and 40% is sourced from coal. The vast majority of this (95 tonnes) is from
China
while
Russia
produced an additional 5 tonnes. The most significant western source of germanium is
from the Red Dog Mine in
Alaska
whose sphalerite-rich ore is processed in Teck's smelter in Trail,
BC. The four primary deposits that comprise Red Dog average between 104 and 249 grams per
tonne germanium.
Cantex looks forward to testing for germanium along the strike length of the Main Zone and also at
the nearby GZ Zone.
Analytical Methods
At the CF Mineral Research laboratory in
Kelowna, BC
pieces of HQ sized (63.5mm diameter) drill
core containing lead-zinc sulphide mineralization were extracted and mounted in resin. The mounts
were then ground down to expose the rock and polished prior to being carbon coated.
The mounts were then examined with a Scanning Electron Microscope employing Energy Dispersive
Spectroscopy to identify sphalerite grains. Two regions of sphalerite on each mount were then
analysed using Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LA-ICP-MS) at the
University of British Columbia
Okanagan. The laser spot size was 100nm and NIST 610 and NIST
612 standards were used. The germanium analyses are accurate to within 10%.
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
, CM
Chairman
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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 09:10e 09-FEB-23