Cantex Receives Additional Elevated Germanium Results and Provides Recent Analyses of Drill Core, ROCK and Soil-Talus Samples ON Its 100% Owned North Rackla Project, Yukon
CANTEX RECEIVES ADDITIONAL ELEVATED
GERMANIUM RESULTS AND PROVIDES
RECENT ANALYSES OF DRILL CORE, ROCK
AND SOIL-TALUS SAMPLES ON ITS 100%
OWNED NORTH RACKLA PROJECT, YUKON
KELOWNA, BC
,
July 10, 2023
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (OTCQB:
CTXDF) (the "Company") is pleased to provide an update on its 100-percent-owned 14,077 hectare
North Rackla claim block in the
Yukon
.
Dr.
Charles Fipke
reports
Germanium
China
has announced that it will be restricting exports of germanium to
the United States
and
western markets starting
August 1, 2023
.
China
supplies 83% of the world's germanium and
provides the US with half of its supply.
Prior to this restriction germanium had already been identified by the Canadian and US governments
as being a Critical Metal. It is an important constituent of many modern technologies. These include
fibre-optic systems, infrared (night vision) optics, the highest efficiency solar cells, polymerization
catalysts and high-brightness light-emitting-diodes used in televisions and vehicle headlights.
Germanium has a high value, currently selling for
US$1.32
per gram (
July 7, 2023
; Trading
Economics;
https://tradingeconomics.com/commodity/germanium
).
There are few western sources of germanium, the most significant being ore from Teck's Red Dog
Mine in
Alaska
which is processed at the Trail smelter in
British Columbia
. It is apparent that
western nations will need to find additional sources of germanium.
Cantex is fortunate to have identified highly elevated germanium contents within the zinc
mineralization found at its Massive Sulphide project in North Rackla. While the four deposits which
comprise the Red Dog Mine average between 104 and 249 grams per tonne germanium, zinc
mineralization from Cantex's Main Zone and adjacent GZ Zone average 640 grams per tonne and
690 grams per tonne respectively.
At the Main Zone 140 analyses from 36 intersections along 2,200 metres of strike length have now
been completed. Twenty analyses from five intersections have been completed at the GZ Zone. See
Map 1 for the locations of the germanium analyses. Table 1 contains the most recently received
germanium results up to 694 g/t from the Main Zone and Table 2 contains the most recent analyses
up to 789 g/t from the GZ Zone.
Table 1. Germanium results from the Main Zone.
Pad
Hole
Depth
(m)
Germanium
(grams/tonne)
Number of
analyses
MZ05
YKDD19-040
52.90
261
4
MZ33
YKDD19-155
358.00
316
4
MZ51
YKDD20-178
77.95
368
4
YKDD21-189
109.00
514
4
124.00
339
4
MZ51A
YKDD21-201
279.50
265
4
MZ52
YKDD22-245
59.05
694
4
YKDD22-246
63.60
175
4
MZ52A
YKDD22-241
158.50
192
4
186.00
138
4
YKDD22-244
205.65
291
4
MZ53A
YKDD22-247
156.00
264
4
MZ54A
YKDD22-254
179.15
546
4
Table 2. Germanium results from the GZ Zone.
Pad
Hole
Depth
(m)
Germanium
(grams/tonne)
Number of
analyses
GZ02C
YKDD20-177
48.32
409
4
GZ02D
YKDD21-209
38.87
789
4
79.70
313
4
GZ03E
YKDD21-214
112.80
683
4
Additional germanium analyses are awaited and will be reported when received.
Drilling Confirms Additional Mineralization at Discovery Sector
Cantex is pleased to report the final results from eighteen holes from the 2022 drill program at the
North Rackla project.
The most significant results were from the Discovery Sector where the strike length was extended to
2,350 metres in 2022. These results are presented in Table 3. Hole YKDD22-252 contained several
mineralized zones, notably a three metre intercept of 24.78 percent combined lead-zinc and 59.4 g/t
silver which includes a 1.5 metre zone of 45.28 percent lead-zinc and 105.6 g/t silver.
Table 3. Significant drill results from the Discovery Sector
Pad
Dip
Hole
From
(m)
To
(m)
Interval
(m)
Silver
g/t
Lead
( %)
Zinc
( %)
Lead +
Zinc
( %)
Cop-
per
( %)
Man-
ganese
( %)
MZ52
-45
YKDD22-239
Including
56.0
64.0
8.0
25.6
4.45
5.46
9.91
0.05
3.56
60.0
61.0
1.0
102.2
14.88
17.90
32.78
0.28
2.54
-72
YKDD22-252
Including
42.0
43.0
1.0
27.3
4.17
2.91
7.08
0.03
1.23
56.0
57.0
1.0
7.1
0.52
2.36
2.88
0.00
0.64
63.0
66.0
3.0
59.4
6.21
18.57
24.78
0.05
1.34
64.0
65.5
1.5
105.6
10.32
34.96
45.28
0.08
1.79
78.5
79.5
1.0
32.4
14.77
7.72
22.49
0.03
2.90
82.0
83.0
1.0
4.2
1.25
0.98
2.23
0.00
2.75
90.0
92.0
2.0
3.1
0.27
1.55
1.82
0.02
1.97
MZ53
-45
YKDD22-249
35.0
36.0
1.0
8.5
2.61
0.34
2.95
0.02
0.72
38.0
39.0
1.0
23.6
2.11
0.21
2.32
0.03
1.39
MZ54A
-45
YKDD22-251
140.7
141.7
1.0
6.9
0.36
2.21
2.57
0.01
1.50
159.0
162.0
3.0
19.4
2.71
4.95
7.66
0.04
3.71
165.0
166.0
1.0
47.2
18.12
5.59
23.71
0.03
2.81
-65
YKDD22-263
69.0
73.0
4.0
12.2
2.31
2.75
5.06
0.03
4.73
76.5
77.0
0.5
2.9
0.15
1.10
1.25
0.01
1.79
81.0
84.5
3.5
9.7
2.30
3.07
5.37
0.01
6.58
MZ55
-75
YKDD22-266
Including
73.0
78.0
5.0
27.5
3.41
10.22
13.63
0.03
3.76
74.0
75.0
1.0
80.1
5.27
33.66
38.93
0.03
2.20
105.0
105.5
0.5
2.3
0.21
2.37
2.58
0.01
5.76
-85
YKDD22-265
Including
59.5
61.5
2.0
3.2
0.50
1.57
2.07
0.01
0.84
85.0
92.0
7.0
10.5
1.54
3.37
4.91
0.01
1.99
90.5
92.0
1.5
23.7
5.53
8.71
14.24
0.04
4.24
MZ55A
-45
YKDD22-267
157.9
161.5
3.6
9.0
0.34
2.74
3.08
0.01
0.53
187.0
188.3
1.3
20.9
3.36
2.05
5.41
0.08
2.44
221.5
222.0
0.5
6.8
0.33
6.94
7.27
0.01
4.27
Regional Targets
During 2022 the Company collected 1,238 soil-talus samples and forty rock samples from regional
targets within the North Rackla claim block.
Fifty-eight soil-talus samples were considered high interest, where sympathetic suites of elements
were strongly anomalous, suggesting that there is potential for mineralization of interest nearby.
Samples contained up to 0.42% copper, 23g/t silver, 0.56% zinc and over 1% lead (upper limit of
analytical method). The minimum values for these elements to be considered highly anomalous are
0.02% copper, 5.25g/t silver, 0.12% zinc and 0.35% lead.
Of the forty rock samples collected thirteen were considered to be of high interest. Their results are
presented in Table 4. Results ranged up to 27.3% copper, 470 g/t silver, 60.72% lead and 45.77%
zinc.
Table 4. Significant Rock Sample Results
Sample
Copper
Silver
Lead
Zinc
( %)
(g/t)
( %)
( %)
KAR4034
27.30
119
0.63
3.72
KAR4037
0.04
449
0.13
34.15
KAR4038
0.07
463
0.14
45.77
KAR4045
0.07
198
12.30
37.17
KAR4046
0.05
231
11.35
30.30
KAR4047
0.03
131
3.90
42.09
KAR4048
0.02
85
1.69
25.40
KAR4050
0.08
470
11.05
23.70
KAR4051
0.04
255
4.50
30.13
KAR4052
0.05
304
0.74
30.94
KAR4054
3.56
39
0.26
0.38
KAR4055
0.06
122
60.72
5.03
KAR4066
0.08
44
3.68
6.72
Summary
Cantex's directors are pleased that the Massive Sulphide project contains very high germanium
values along the 2,200 metres of strike length tested to date. The Main Zone has been drill tested to
a depth of 700 metres where a 4.62 metre high grade zone contained 19.24% lead-zinc and 67g/t
silver within a 23.67 metre mineralized intercept. With additional analyses forthcoming, the project
shows potential to be a much-needed western source of the Critical Metal germanium.
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. Core samples averaged over 3kg in weight.
Core samples, rock samples and soil-talus samples are placed into larger bags closed with security
seals prior to being transported to the ISO 9001 certified CF Mineral Research Ltd. laboratory in
Kelowna, BC
.
At CF Minerals the drill core, soil-talus and rock samples were dried prior to crushing to -10 mesh.
The crushed material from a sample was then mixed prior to splitting off 800g. The 800g splits were
pulverized to -200 mesh and a 250g split was sent for assay. 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
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. For core and
rock samples 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 germanium analyses a piece of split core approximately 15cm in length containing sphalerite was
selected and submitted to CF Mineral Research Ltd. From the selected location a piece of a thin
slice of core was mounted in epoxy, polished, carbon coated and mapped using a scanning electron
microscope to select sphalerites for analysis. The samples were then sent to UBC Okanagan for
germanium analysis using laser ablation inductively coupled plasma mass spectroscopy (LA-
ICPMS). A 100 micron spot size was used and NIST610 and 612 reference materials were used as
standards.
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
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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.
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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 10-JUL-23