Cantex Receives Germanium Results of up to 180g/t from Drilling at the Main Zone at Its Silver-Lead-Zinc North Rackla Project, Yukon, Canada
CANTEX RECEIVES GERMANIUM RESULTS
OF UP TO 180g/t FROM DRILLING AT THE
MAIN ZONE AT ITS SILVER-LEAD-ZINC
NORTH RACKLA PROJECT, YUKON, CANADA
KELOWNA, BC
,
Feb. 12, 2025
/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
Bulk Germanium Results
Cantex's directors are pleased to report bulk germanium results from the 2024 drilling program (see
Figure 1 for drill pad locations). Germanium analyses were completed on all intercepts with elevated
silver-lead-zinc analyses.
The 180 g/t germanium was in a 2.53 metre intercept in hole YKDD24-320 which also contained 93
g/t silver, 11.43% lead and 32.68% zinc. It was within a larger 6.09 metre mineralized zone which
contained 98 g/t germanium, 53 g/t silver, 6.01% lead and 19.47% zinc.
Hole YKDD24-315 had a high-grade intercept of 9 metres of 171 g/t germanium with 96 g/t silver,
5.27% lead and 28.81% zinc. This was within a 15 metre interval containing 117 g/t germanium, 62
g/t silver, 3.49% lead and 19.38% zinc.
These results, along with other highlights from the 2024 drilling are presented in Table 1.
Germanium Market
After announcing in
August 2023
that it would be restricting exports of germanium, the Chinese
government announced in December of 2024 that it would be banning all exports of germanium to
the US. As
China
produces and refines the majority of the world's germanium this leaves the West in
need of alternative sources to reliably supply this critical metal, which is used in computer chips,
solar panels, fiber optics and military applications such as night vision optics, etc. This western
source has yet to be developed.
Figure 1.
Location of Germanium Results from 2024 Drilling (CNW Group/Cantex Mine Development
Corp.)
Table 1: Germanium results of selected intervals from 2024 drilling.
Pad
Dip
Azi
muth
Hole
From
To
Interval
Germanium
Silver
Lead
Zinc
Lead + Zinc
Copper
(m)
(m)
(m)
(g/t)
g/t
( %)
( %)
( %)
( %)
MZ49
-45
145
YKDD24-327
92.00
95.00
3.00
13.9
9.67
1.08
2.46
3.54
0.01
120.60
125.60
5.00
54.1
50.33
5.56
8.55
14.11
0.06
159.50
161.20
1.70
46.0
26.36
6.51
6.63
13.14
0.04
MZ53B
-45
130
YKDD24-302B
92.40
106.03
13.63
18.8
17.3
3.59
3.66
7.25
0.01
Including
94.70
97.10
2.40
48.8
69.1
16.74
9.08
25.82
0.03
-65
130
YKDD24-306
79.75
81.80
2.05
28.5
37.2
7.10
4.48
11.58
0.01
99.00
117.85
18.85
13.0
9.8
1.88
2.15
4.03
0.01
130.14
131.74
1.60
44.5
17.4
3.25
7.06
10.31
0.02
-75
130
YKDD24-307
98.30
106.45
8.15
46.9
17.91
2.13
5.97
8.11
0.03
109.50
110.55
1.05
61.0
38.10
7.03
9.76
16.79
0.03
128.10
131.18
3.08
31.3
37.07
8.45
6.88
15.33
0.02
137.28
138.65
1.37
12.1
16.85
4.24
1.89
6.13
0.02
MZ56
-55
130
YKDD24-300
81.85
91.50
9.65
25.1
11.9
2.09
3.55
5.64
0.04
Including
85.45
88.10
2.65
62.9
17.0
3.56
9.78
13.34
0.02
109.00
111.25
2.25
5.4
2.5
0.94
0.90
1.84
0.00
-75
130
YKDD24-303
80.24
82.40
2.16
16.6
2.9
0.33
2.75
3.08
0.01
99.00
105.35
6.35
43.2
26.3
4.79
9.13
13.91
0.05
Including
100.95
103.05
2.10
85.7
51.3
11.25
16.39
27.63
0.07
143.50
145.40
1.90
21.9
12.9
2.29
7.02
9.30
0.01
MZ57
-55
130
YKDD24-323
91.35
99.53
8.18
8.2
34.35
12.95
0.93
13.88
0.07
Including
96.50
99.53
3.03
7.0
59.79
25.07
0.67
25.73
0.01
MZ58
-45
130
YKDD24-309
92.00
93.02
1.02
26.1
18.00
0.35
2.54
2.89
0.32
102.50
106.50
4.00
46.7
6.46
0.26
4.31
4.56
0.05
-55
130
YKDD24-311
98.60
108.60
10.00
15.3
13.10
2.88
1.55
4.43
0.02
150.45
151.35
0.90
52.8
12.40
2.48
10.10
12.58
0.05
-75
130
YKDD24-314
119.85
123.00
3.15
54.6
22.60
3.62
7.06
10.67
0.03
MZ59
-45
130
YKDD24-316
85.80
91.00
5.20
26.2
6.71
0.23
3.07
3.30
0.05
95.30
96.30
1.00
47.8
12.2
0.32
5.25
5.57
0.03
118.65
120.35
1.70
7.8
8.22
0.34
1.47
1.81
0.04
-65
130
YKDD24-319
106.21
106.84
0.63
149.5
112.00
5.83
32.78
38.61
0.06
113.97
121.54
7.57
17.7
14.90
0.86
2.72
3.58
0.16
-75
130
YKDD24-320
113.5
116.5
3.00
40.7
22.17
4.46
6.42
10.88
0.02
129.91
136.00
6.09
98.0
53.32
6.01
19.47
25.48
0.03
Including
131.00
133.53
2.53
180.5
93.23
11.43
32.68
44.11
0.04
MZ60
-45
130
YKDD24-308
82.40
85.50
3.10
19.1
9.39
0.45
2.00
2.45
0.08
121.00
124.00
3.00
23.2
12.68
0.34
4.53
4.87
0.02
132.05
135.70
3.65
42.2
43.60
13.40
5.89
19.29
0.02
-55
130
YKDD24-310
96.90
101.17
4.27
18.0
4.37
0.15
1.64
1.79
0.04
103.15
104.00
0.85
40.6
8.43
0.64
5.09
5.73
0.02
119.00
120.20
1.20
14.9
5.82
1.12
1.54
2.66
0.02
128.00
135.30
7.30
16.7
3.37
0.72
2.05
2.77
0.01
-65
130
YKDD24-312
117.50
142.54
25.04
21.0
18.52
0.83
3.79
4.62
0.08
Including
128.00
130.00
2.00
90.8
48.50
4.44
18.83
23.27
0.03
-75
130
YKDD24-315
141.00
156.00
15.00
117.2
61.82
3.49
19.38
22.87
0.13
Including
141.00
150.00
9.00
170.8
96.01
5.27
28.81
34.08
0.20
-85
130
YKDD24-317
161.70
163.50
1.80
88.6
42.10
8.98
13.85
22.83
0.03
*Silver, lead, zinc and copper values were released by the Company on November 27, 2004 and January 20, 2025.
The impact of this ban is both financial and strategic. The fact that
China
has banned the export of
germanium highlights the need for consumers like
the United States
to secure sources of this critical
mineral that are both safe and reliable. The United States Geological Survey has recently published
a report on germanium and gallium (found at:
https://pubs.usgs.gov/of/2024/1057/ofr20241057.pdf
)
which quantifies the potential disruption to the US economy.
More importantly is an inadequate germanium supply will prevent
the United States
from
manufacturing the quantities of advanced weapon systems needed to keep pace with its global
adversaries. The ability to deter an adversary from taking action is dependent on the US having an
adequate armaments stockpile. Without access to germanium, weapons manufacture will decrease,
resulting in an increased risk of conflict.
The germanium price was stable for some time; however, since restrictions were announced the
price has increased substantially and is presently US
$2.29
per gram. The germanium price trend is
presented in the graph below.
*Germanium prices from https://tradingeconomics.com/commodity/germanium (CNW Group/Cantex
Mine Development Corp.)
Summary
Cantex is pleased to continue to see elevated germanium contents within the silver-lead-zinc
mineralization at the Massive Sulphide Project.
The germanium not only adds value to the mineralization, but importantly could provide a western
source desperately needed. The strategic importance of a western source of germanium has never
been greater.
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 prior to being
transported to the ISO 9001:2015 accredited CF Mineral Research Ltd. laboratory in
Kelowna, BC
.
At CF Minerals the drill core was 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. The over limit analyses contributed to delays in receiving final assay results.
For the germanium results presented in this release a separate split of the remaining pulverized
material was sent to 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
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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:
For further information: Cantex Mine Development Corp, Tel: +1-250-860-
8582; Email: [email protected]
CO: Cantex Mine Development Corp.
CNW 09:00e 12-FEB-25