Drill Results Indicate Massive Sulphides Persist for at least 2.1km Strike Length on Cantex's 100% Owned North Rackla Project, Yukon
Drill Results Indicate Massive Sulphides
Persist for at least 2.1km Strike Length on
Cantex's 100% Owned North Rackla Project,
Yukon
KELOWNA, BC
,
Nov. 2, 2021
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (the
"Company") has released an update on the work program at its 100-percent-owned 14,077 hectare
North Rackla claim block in the
Yukon
.
Dr.
Charles Fipke
reports:
Main Zone Drill Results
Drilling from pad MZ 51 located in the northeastern Discovery Sector of the Main Zone extends the
drill-confirmed strike length of the massive sulphide deposit to 2.1km (see Figure 1). Hole YKDD21-
186 drilled at a dip of -61 degrees and an azimuth of 143 degrees intersected
4.8m
of 6.06% lead,
9.48% zinc and 43.37g/t silver including a
3.4m
section containing 7.04% lead, 12.13% zinc and
55.66 g/t silver (see Table 1). Hole 189 was drilled at the same azimuth from the same pad with a
dip of -80 degrees intersected 4.38% lead, 6.41% zinc and 26.43 g/t silver over
8.2m
true width with
a
1.9m
section assaying 13.43% lead, 11.29% zinc and 71.29 g/t silver.
Five additional holes have been drilled from pad MZ51A which was stepped back
130m
to the
northwest of MZ51 to test the depth extent of the massive sulphide mineralization intersected in
MZ51. Hole YKDD21-200 drilled at an azimuth of 143 degrees and a -70 degree dip intersected
5.1m
of 10.17% lead, 9.43% zinc and 51.5 g/t silver over
5.1m
true width including a
3.1m
section
containing 16.66% lead, 14.97% zinc and 83.59g/t silver. Including the
6.5m
intersection of massive
sulphides in hole YKDD21-201 (also drilled from pad MZ51A), the holes analysed to date
demonstrate the massive sulfide mineralization intersected by these pads extends to a depth of
263m
.
All of the foregoing massive sulphide intersections contain from 0.02% to 0.41% copper - in contrast
to the Extension Sector, where the massive sulphides are mostly barren of copper. Some
geologists theorize that high copper values are found proximal to the central source from which the
mineralizing fluids migrated outward to areas of higher lead-zinc-silver grades. It appears that this
could be the situation at North Rackla, and as the deposit is open northeast of pads MZ51 and
MZ51A additional drilling to the northeast is warranted.
In addition, all of the foregoing intersections contain between 1.53% and 4.85% manganese; and
manganese is also present with the massive sulphides as siderite (iron-rich carbonate). It is possible
that the manganese carbonates present could also be recovered along with the massive sulfides,
which could subsequently be used in the new generation of batteries containing manganese
powering electric vehicles.
Drilling is also presently underway at the Central Sector of the Main Zone in the vicinity of pads
MZ30 and MZ36 (see Figure 1). A
3.5m
true width intersection of 6.17% lead-zinc with 36.82 g/t
silver, 0.49% copper and 3.85% manganese was obtained in hole YKDD21-190 drilled at an azimuth
of 155 degrees and a dip of -45 degrees from pad MZ36. No assay results are yet available from
holes YKDD21-193 and YKDD21-196 drilled from pad MZ36.
Figure 1. 2021 Drill Pads (CNW Group/Cantex Mine Development Corp.)
Table 1. Drill Results
Pad
Dip
Hole
From
(m)
To
(m)
Length
(m)
True
Width
(m)
Silver
(g/t)
Lead +
Zinc
(%)
Lead
(%)
Zinc (
%)
Copper
(%)
Manganese
(%)
MZ51
-55
YKDD21-183
67.50
68.00
0.50
0.5
11.10
5.28
0.88
4.40
0.02
2.60
82.25
86.60
4.35
3.9
24.68
12.10
5.18
6.92
0.03
4.85
103.50
104.00
0.50
0.5
17.60
2.34
1.63
0.71
0.17
1.06
182.60
183.60
1.00
0.9
8.85
4.30
0.11
4.19
0.02
1.24
-65
YKDD21-186
42.95
43.50
0.55
0.5
15.45
11.61
0.31
11.30
0.01
0.69
68.50
69.05
0.55
0.5
1.72
1.80
0.28
1.52
0.00
0.75
91.75
97.50
5.75
4.8
43.37
15.54
6.06
9.48
0.02
3.58
Including
91.75
95.90
4.15
3.4
55.66
19.17
7.04
12.13
0.03
2.83
106.00
106.50
0.50
0.4
24.70
0.46
0.19
0.27
0.42
1.44
-80
YKDD21-189
58.10
58.75
0.65
0.4
12.30
4.98
0.63
4.35
0.01
0.82
66.50
70.30
3.80
2.3
12.67
3.65
0.88
2.77
0.02
2.99
81.60
82.30
0.70
0.4
26.90
6.58
4.68
1.90
0.01
2.48
108.00
111.70
3.70
2.2
14.31
7.56
2.33
5.23
0.01
1.60
115.90
116.85
0.95
0.6
18.00
7.61
3.80
3.81
0.01
4.09
120.00
133.70
13.70
8.2
26.43
10.79
4.38
6.41
0.11
1.53
Including
130.60
133.70
3.10
1.9
71.29
24.72
13.43
11.29
0.41
2.31
158.65
159.15
0.50
0.3
22.50
11.81
1.01
10.80
0.03
0.68
169.50
170.00
0.50
0.3
88.40
27.15
11.35
15.80
0.05
0.25
174.30
174.85
0.55
0.3
15.10
6.33
0.97
5.36
0.02
0.18
MZ30
-45
YKDD21-184
239.35
240.00
0.65
0.5
2.15
1.30
0.21
1.09
0.00
0.60
244.00
244.70
0.70
0.6
31.80
1.88
0.55
1.33
0.21
1.61
266.60
267.10
0.50
0.4
4.96
3.62
0.75
2.87
0.01
0.30
-60
YKDD21-185
140.10
140.85
0.75
0.5
1.36
2.70
0.49
2.21
0.02
0.76
148.60
151.00
2.40
1.4
14.53
1.85
0.46
1.39
0.11
2.64
155.00
156.50
1.50
0.9
14.32
8.76
2.14
6.62
0.03
2.04
-70
YKDD21-187
163.00
171.50
8.50
4.1
35.27
9.82
5.91
3.91
0.12
2.99
181.50
185.00
3.50
1.7
37.13
1.82
0.87
0.95
0.52
3.03
214.30
215.15
0.85
0.4
7.42
6.93
0.09
6.84
0.01
0.22
-80
YKDD21-188
87.30
87.80
0.50
0.1
20.50
1.14
1.07
0.07
0.00
0.26
MZ36
-45
YKDD21-190
178.00
183.00
5.00
3.5
36.82
6.17
4.57
1.60
0.49
3.85
-57
YKDD21-193
No results yet
-67
YKDD21-194
286.80
289.80
3.00
1.1
39.52
4.84
3.24
1.60
0.10
1.90
291.95
292.45
0.50
0.2
3.30
2.66
0.39
2.27
0.01
1.02
296.25
296.95
0.70
0.3
13.80
3.89
0.98
2.91
0.04
3.21
298.50
299.00
0.50
0.2
1.50
2.38
0.13
2.25
0.00
0.64
324.45
329.00
4.55
1.7
23.64
6.57
3.14
3.43
0.04
4.00
333.00
333.50
0.50
0.2
20.20
21.39
0.49
20.90
0.07
1.00
337.50
339.00
1.50
0.6
7.54
2.17
1.19
0.98
0.02
2.24
404.95
409.00
4.05
1.5
35.11
2.51
2.50
0.01
0.01
3.35
438.15
438.65
0.50
0.2
34.20
0.03
0.01
0.02
0.46
1.54
-73
YKDD21-196
No results yet
MZ50A
-50
YKDD21-191
224.75
229.50
4.75
4.0
14.99
7.53
2.07
5.46
0.02
1.70
238.20
238.70
0.50
0.4
14.35
10.33
0.49
9.84
0.02
1.29
245.25
245.75
0.50
0.4
86.80
19.42
6.12
13.30
1.22
1.70
-45
YKDD21-192
211.30
213.60
2.30
2.0
62.34
16.69
7.34
9.35
0.50
1.00
215.80
217.80
2.00
1.8
5.95
3.01
0.44
2.57
0.00
1.22
231.20
231.80
0.60
0.5
5.53
3.28
0.48
2.80
0.02
0.48
251.00
253.00
2.00
1.8
43.82
4.87
0.67
4.20
0.70
1.07
MZ51A
-45
YKDD21-195
154.00
160.00
6.00
6.0
20.20
10.10
3.31
6.79
0.03
2.49
-57
YKDD21-197
No results yet
-70
YKDD21-200
200.20
201.00
0.80
0.6
11.25
3.78
1.71
2.07
0.01
0.06
217.60
225.00
7.40
5.1
51.50
19.60
10.17
9.43
0.07
1.79
Including
217.60
222.00
4.40
3.1
83.59
31.63
16.66
14.97
0.12
2.64
241.70
242.55
0.85
0.6
8.30
2.28
0.84
1.44
0.04
1.95
291.15
291.65
0.50
0.3
1.80
1.57
0.08
1.49
0.00
0.26
-80
YKDD21-201
270.00
281.30
11.30
6.5
23.86
8.93
1.48
7.45
0.04
1.79
89.9
YKDD21-203
No results yet
MZ49A
-45
YKDD21-198
No results yet
CU01
-45
YKDD21-199
No results yet
-45
YKDD21-202
No results yet
GZ01
-45
YKDD21-205
No results yet
-65
YKDD21-206
No results yet
Summary
Drill results received to date in the vicinity of pad MZ51 in the northeast and MZ36 in the Central
Sector demonstrate that the contact between the siliciclastic and dolomite units persists from the
Extension Sector for 2.1km to pad MZ51 in the Discovery Sector. The massive sulphides occur in
the dolomite adjacent to this contact. Our structural geologist,
Chris Buchanan
, has shown that this
contact extends further along strike to the northeast. It is probable that additional drilling along this
contact will not only demonstrate that the mineralization persists over the 2.1km strike length but
also continue to extend the strike length of the mineralization beyond 2.1km.
Chris Buchanan
has also shown that the contact and the massive sulphide mineralization are locally
displaced by steeply dipping northeast trending faults that displace the contact and massive
sulphides up to
25m
. Mr. Buchanan has indicated he will attempt to reconcile the presence and
absence of massive sulphide intersections in the drilling to his mapped surficial faults and the fault
zones intersected in drill core once this year's drilling and assaying are complete.
The foregoing results of this release and the results of previous releases are consistent with the
North Rackla massive sulphides delineated to date to be a part of a large high-grade world class
silver-lead-zinc deposit. As the drilling on the project continues the Company's directors look forward
to the coming results.
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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SOURCE
Cantex Mine Development Corp.
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CNW 09:00e 02-NOV-21