Update: Cantex Intersects Massive Sulphides Between Discovery and Extension Zones Increasing Depth to 680 Metres
Update: Cantex Intersects Massive Sulphides
Between Discovery and Extension Zones
Increasing Depth to 680 Metres
KELOWNA, BC,
Sept. 29, 2020
/CNW/ -
Cantex Mine Development Corp.
(CD: TSXV) (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
HIGHLIGHTS
Drilling underway and massive sulphide mineralization intersected at a vertical depth of 680
metres
Drilling of Massive Sulphide Project
Drill testing of the Main Zone of the Massive Sulphide Project continues and has further extended the
previously discovered mineralization to depth. A -84 degree hole drilled from pad MZ 34 has further
extended the mineralization below the intercept announced on
September 14
, 2020. We are
expecting the results from this previously announced intercept in three weeks.
Semi-massive sulphides were intersected from 670.75 to 680.3 metres down hole, from 688.45 to
692.6 metres and from 698.5 to 701 metres. This deepest intercept equates to 680 metres
vertically below surface, a step down of 130 metres below the previous hole.
Cantex continues to be impressed with the continuity of the mineralization to depth.
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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release. Information set forth in this news release includes forward-looking statements under
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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
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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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http://www.newswire.ca/en/releases/archive/September2020/29/c7832.html
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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 29-SEP-20