CD.V · 2025-04-24 12:00:00

Cantex Plans Drilling FOR GOLD and Silver-Copper IN Addition to Copper and Massive Sulphide Silver-Lead-Zinc- Germanium Projects at North Rackla, Yukon, Canada

Exploration Programs

CANTEX PLANS DRILLING FOR GOLD AND

SILVER-COPPER IN ADDITION TO COPPER

AND MASSIVE SULPHIDE SILVER-LEAD-ZINC-

GERMANIUM PROJECTS AT NORTH RACKLA,

YUKON, CANADA

KELOWNA, BC

April 24, 2025

/CNW/ -

Cantex Mine Development Corp.

(TSXV: CD) (OTCQB:

CTXDF) (the "Company") is pleased to provide the exploration plans for 2025 on its 100-percent-

owned 14,077 hectare North Rackla claim block in the

Yukon

Dr.

Charles Fipke

reports

Massive Sulphide Silver-Lead-Zinc-Germanium Project

Cantex's directors continue to be impressed with the scale and grade of the mineralization at the

Massive Sulphide project. Drilling in 2024 brought the drill confirmed strike length to 2.65 kilometres

and continued to intersect high grade mineralization such as hole YKDD24-315 which intersected 15

metres of 62 g/t silver, 3.49% lead, 19.38% zinc and 117 g/t germanium (see news release of

February 12, 2025

The mineralization is open both along strike and to depth, with the deepest intercept occurring at 700

metres depth where hole YKDD20-163 contained a 23.67 metre true width of 24 g/t silver, 2.31%

lead and 5.84% zinc (see news release of

December 17, 2020

). Drilling this season will focus on

further expanding the mineralization.

Cantex is also initiating metallurgical test work on the Massive Sulphide mineralization. The coarse

grained, high grade nature of the mineralization suggests that concentration on site may not require

flotation. This would eliminate hazardous tailings and minimize the environmental impact of mining at

North Rackla.

Copper Project

The Copper Project was discovered by prospecting a soil-talus anomaly on the western side of the

North Rackla property. Initial drilling intersected 2.5 metres of 3.93% copper including 1 metre of

7.32% copper (see news release of

April 13, 2023

). This was followed up with drilling early in the

2024 field season where results included 2.9 metres of 4.54% copper in hole YKDD24-287 (see

news release of

August 19, 2024

Late in the 2024 season a ground geophysical induced polarization/conductivity survey was

completed over the area. This survey detected several strong conductors which we think represent

copper mineralization. Drill testing of these anomalies is planned for this summer.

Regional Focus Anomalies in North Rackla

Cantex's exploration of the North Rackla claim block has identified several other prospective targets

worthy of drilling. Structural geologist

Chris Buchanan

will be on site this summer and will be

selecting sites for drilling at the North Gold and G67 gold anomalies and the G14 silver-copper

anomaly. Details of these areas are presented below.

Northern Gold Area

The Northern Gold Area consists of a

120m

150m

area where mineralization occurs within a

stromatolitic dolomitic unit that is exposed beneath a sandy bedded dolomitic unit. The Company's

previous drilling will aid in defining the structural controls of the mineralization to best test the

mineralization. Selected rock samples collected from this area are contained in the following table.

Sample

Gold

Silver

Copper

Lead

Zinc

g/t

KAR0001

1.25

105

0.05

2.07

23.00

KAR0011

2.91

0.30

1.84

22.50

KAR0408

11.40

0.03

0.25

0.10

KAR0413

5.86

0.02

3.24

0.29

KAR3107

15.75

0.01

0.43

0.06

KAR3518

14.65

278

0.04

13.75

0.44

KAST24077RX

5.29

105

0.04

1.16

0.66

KAST24087RX

1.04

169

0.06

1.24

22.00

G67 Gold Area

Anomaly G67 consists of a gold-arsenic soil-talus anomaly approximately 950 metres long and of

irregular width of between 40 and

550m

(averaging about

200m

) underlain by Proterozoic

dolostones. Rock samples from this anomaly have contained up to 39.60 g/t gold. Selected samples

are presented in the table below (see release dated

June 24

, 2021).

Sample

Gold

Silver

Copper

Lead

Zinc

g/t

KAR3230

39.60

0.02

0.04

0.06

KAR3249

1.36

0.02

0.01

KAR3253

3.13

0.08

0.01

0.07

KAR3255

5.62

0.01

0.03

G14 Silver-Copper Anomaly

Anomaly G14 is an irregular (990 x

75m

) anomaly which contains consistently high silver and copper

values. Results (see release of

June 24, 2021

) from selected rock samples from this anomaly are

presented in the table below.

Sample

Gold

Silver

Copper

Lead

Zinc

g/t

KAR4691

0.06

>1500

12.15

11.25

7.41

KAR4761

0.12

3,950

3.08

1.18

0.32

KAR4767

0.07

6,320

4.89

2.35

0.40

KAR4768

0.05

3,970

3.64

1.02

0.42

KAR4776

0.02

2,960

2.70

0.89

0.34

KAR4777

0.01

2,270

1.92

0.96

3.43

KAR4778

0.01

3,380

2.70

0.94

1.32

KAR4779

0.02

3,450

2.98

1.29

0.31

KAR4781

0.03

6,850

5.99

2.23

0.42

KAR4782

0.00

1,030

0.66

6.21

8.43

KAR4783

0.01

2,080

1.64

4.38

10.70

KAR4784

0.01

2,240

2.12

0.68

0.51

KAR4785

0.01

3,110

2.69

1.65

2.31

Summary

Cantex looks forward to a productive drill season on its North Rackla project. Work will be

undertaken not only on the advanced Massive Sulphide Project but also selected targets within the

broader claim block. These include the Copper Project, the G14 silver-copper anomaly, the G66

gold anomaly and the Northern Gold Area.

Sample Preparation

The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The

core was logged, marked up for sampling and then divided into equal halves using a diamond saw on

site. One half of the core was left in the original core box. The other half was sampled and placed

into sealed bags which were in turn placed into larger bags closed with security seals. Prospecting

rock samples were also placed into security sealed bags prior to being transported to the ISO

9001:2015 accredited CF Mineral Research Ltd. laboratory in

Kelowna, BC

At CF Minerals the drill core or rock samples were dried prior to crushing to -10 mesh. The samples,

which averaged over 3kg, were then mixed prior to splitting off 800g. The 800g splits were

pulverized to -200 mesh. A 250g portion of this pulverized material was submitted for multi-element

analysis at ALS Chemex in

North Vancouver

. Quality control procedures included running a barren

sand sample through both the crusher and pulveriser between each sample to ensure no inter-

sample contamination occurred. Silica blanks were inserted along with certified reference samples.

These quality control samples were each inserted approximately every 20 samples.

ALS Chemex in

North Vancouver

assayed the samples using a four-acid digestion with an ICP-MS

finish. The 48 element ME-MS61 technique was used to provide a geochemical signature of the

mineralization. Where lead or zinc values exceeded one percent the Pb-OG62 or Zn-OG62

techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples

with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and

Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an

upper limit of 1,500 g/t.

For the germanium results completed on bulk core, a portion of the remaining pulverized material

from the base metal analysis was analyzed by ALS Chemex in

North Vancouver, Canada

. The

pulverized samples were analyzed using a sodium peroxide fusion followed by an ICP Mass

Spectrometer finish on a 0.2g pulverised sample.

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

Dr.

Charles Fipke

, CM

Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release. Information set forth in this news release includes forward-looking statements under

applicable securities laws. Forward-looking statements are statements that relate to future, not

past, events. In this context, forward-looking statements often address expected future business

and financial performance, and often contain words such as "anticipate", "believe", "plan",

"estimate", "expect", and "intend", statements that an action or event "may", "might", "could",

"should", or "will" be taken or occur, or other similar expressions. All statements, other than

statements of historical fact, included herein are forward-looking statements. By their nature,

forward-looking statements involve known and unknown risks, uncertainties and other factors

which may cause the actual results, performance or achievements, or other future events, to be

materially different from any future results, performance or achievements expressed or implied by

such forward-looking statements. Such factors include, among others, risks identified in the

management discussion and analysis section of the Company's interim and most recent annual

financial statements or other reports and filings with Canadian securities regulators. Forward

looking statements are made based on management's beliefs, estimates and opinions on the date

that statements are made and the respective companies undertake no obligation to update forward-

looking statements if these beliefs, estimates and opinions or other circumstances should change,

except as required by applicable securities laws. Investors are cautioned against attributing undue

certainty to forward-looking statements.

SOURCE

Cantex Mine Development Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/April2025/24/c2083.html

%SEDAR: 00010333E

For further information:

For further information: Cantex Mine Development Corp, Tel: +1-250-860-

8582; Email: [email protected]

CO: Cantex Mine Development Corp.

CNW 09:00e 24-APR-25

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