KELOWNA, BC, Sept. 10, 2019 /CNW/ - Cantex Mine Development
Corp. (CD: TSXV) (the "Company") has released an update on the
work program at its Massive Sulphide project within its
100-per-cent-owned 14,077 hectare North Rackla claim block.
Dr. Charles Fipke reports
GEOPHYSICAL SURVEY EXPANDS PROSPECTIVE STRIKE LENGTH TO OVER 4
KILOMETRES
An airborne magnetic survey completed earlier this year has
recently been processed and interpreted (Figure 1). The results of
the survey have provided valuable insight in terms of correlating
mapped surface exposures and drill results with geophysical trends
for the first time. The survey shows a linear anomaly that
correlates well with the mapped surface trace of the massive
sulphide Main Zone and intercepts of the zone in drill core. Based
on this geophysical interpretation, the massive sulphide Main Zone
trend has expanded by one kilometre, to 3.4 kilometres, of total
strike length.
An additional ~1 kilometre of prospective strike length has also
been identified at the "New Gossan" South Zone, detailed further
below. The South Zone shows similar geophysical character and is
parallel to the Main Zone, which correlates well with its mapped
1,200 metre long exposure at surface. In total, there are now
approximately 4.1 kilometres of strike length at North Rackla that
are deemed to be prospective.
The survey also clearly defines a steeply dipping
post-mineralization mafic dike swarm that cuts through the area
running from Pads MZ7 to MZ13 (~300m of strike). This E-W trending
mafic dike swarm intruded after the sulphides were emplaced and has
digested and remobilized the zone in this segment, but the
occurrence is localized. To that end, heavy massive sulphides have
been logged at Pad MZ12, but are away from the mafic dikes.
Additional drilling along the strike of the Main Zone to the
northeast and southwest of the dikes has confirmed the presence of
heavy massive sulphides as detailed in the Company's September 5, 2019 press release. The Main Zone
continues to show predictable geometry and orientation and is
consistently found along a stratigraphic boundary between argillite
and dolostone.
Surface prospecting in the North Rackla claim block continues,
with talus samples along a parallel trend to the northwest of the
Main Zone showing anomalous geochemistry. This trend will be
followed up on in due course.
NEW MASSIVE OUTCROPPING GOSSAN ZONE DISCOVERED; DRILLING
UNDERWAY
Prospecting and sampling carried out 1 kilometre south of the
Main Zone has resulted in the discovery of a new exposure of
outcropping massive gossan (weathered sulphides). This steeply
dipping gossan has been traced for 1,200 metres along surface and
down 320 metres of elevation, with exposed apparent widths at
surface ranging from 2 to 20 metres. As discussed above, the
exposure of the zone correlates well with a linear feature that can
be traced for over 1 kilometre of strike length on the recently
interpreted magnetic survey. The geophysical character of this zone
is comparable to that of the Main Zone.
Assays of grab samples taken from this gossan have returned
significantly elevated zinc and manganese levels (up to 12.35% Zn
and up to 5.82% Mn), which are also key geochemical markers seen at
the Main Zone. The location of this new South Zone in relation to
the Main Zone is shown in Figure 1, attached to this press release.
The high manganese values are unique to the massive sulphides of
the Main Zone in the area and are believed to be indicative of a
basinal sedex environment.
In light of the geophysical results and outcropping massive
gossan at surface, one drill rig was recently mobilized to the new
South Zone target where drilling is underway, targeting the
down-dip extension of the gossan.
ASSAY TABLE
Full assay data from the first 2,648 metres of assayed drill
core (first released on September 5,
2019) is included below and should be reviewed in
conjunction with the figures within this release and on the
Company's website (www.cantex.ca/yukon). The drill results are
presented and summarized in Table 1.
Pads MZ7 and MZ8 are within the area affected by the mafic dike
swarm discussed above and were spotted and drilled before the
results of the airborne magnetic survey were received.
As previously reported (September 5,
2019), heavy massive sulphides have been logged in two fans
of five drill holes (all ten holes) from each of Pad MZ3 and Pad
MZ4, as well as a fan of four holes from Pad MZ26. Pads are not
drilled in numerical order and drilling is ongoing; both along
strike (ENE and WSW) and down dip within the Main Zone where the
zone has thus far been intersected down to 335 metres vertical
depth. Additional drill pads are being built to support drilling
further down dip. Drill pads with summer-only access are being
prioritized while pads on flatter ground will be drilled later in
the season.
Table 1: Assay results to date
Pad
|
Dip
|
Hole
|
From
(m)
|
To
(m)
|
Length
(m)
|
True
Width
(m)
|
Silver
(g/t)
|
Lead
(%)
|
Zinc
(%)
|
Copper
(%)
|
Manganese
(%)
|
Comment
|
MZ5
|
-45
|
YKDD19-039
|
35.2
|
45.3
|
10.1
|
8.27
|
9.72
|
0.92
|
0.75
|
0.03
|
2.32
|
Oxidized
Sulphide
|
|
|
|
52.0
|
55.5
|
3.5
|
2.87
|
23.45
|
1.9
|
2.95
|
0.01
|
1.04
|
|
|
-62
|
YKDD19-040
|
30.1
|
56.6
|
26.5
|
16.32
|
153.57
|
3.10
|
2.44
|
0.42
|
4.09
|
Fresh
Sulphide
|
|
-70
|
YKDD19-042
|
32.7
|
61.0
|
28.3
|
14.15
|
113.96
|
9.34
|
12.37
|
0.09
|
3.05
|
Fresh
Sulphide
|
|
|
Including
|
36.1
|
37.1
|
1.0
|
0.50
|
134.00
|
56.59
|
0.40
|
0.03
|
4.32
|
|
|
|
And
|
46.0
|
50.0
|
4.0
|
2.00
|
150.50
|
7.39
|
36.96
|
0.05
|
2.53
|
|
|
|
And
|
56.0
|
59.0
|
3.0
|
1.50
|
213.33
|
10.73
|
41.43
|
0.10
|
1.41
|
|
|
-80
|
YKDD19-043
|
61.8
|
84.4
|
22.6
|
8.47
|
48.20
|
8.20
|
4.90
|
0.04
|
3.20
|
Fresh
Sulphide
|
|
|
Including
|
61.8
|
64.8
|
3.0
|
1.12
|
55.33
|
21.91
|
1.48
|
0.01
|
4.07
|
|
|
|
And
|
72.2
|
73.3
|
1.1
|
0.41
|
235.40
|
49.30
|
3.72
|
0.11
|
1.99
|
|
|
|
And
|
75.3
|
78.4
|
3.1
|
1.16
|
97.47
|
6.87
|
21.23
|
0.05
|
3.02
|
|
|
-90
|
YKDD19-046
|
Results
Pending
|
|
|
|
|
|
|
|
|
Fresh
Sulphide
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ6
|
-52
|
YKDD19-020
|
86.3
|
87.0
|
0.7
|
0.52
|
569.00
|
0.66
|
2.08
|
1.68
|
2.09
|
Oxidized
Sulphide
|
|
|
|
87.2
|
88.4
|
1.2
|
0.89
|
14.45
|
1.67
|
1.23
|
0.01
|
5.07
|
|
|
|
|
91.0
|
93.6
|
2.6
|
1.93
|
15.78
|
3.34
|
3.55
|
0.01
|
3.44
|
|
|
|
|
97.7
|
98.3
|
0.6
|
0.45
|
8.66
|
1.19
|
1.96
|
0.01
|
3.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ7
|
-45
|
YKDD19-023
|
91.8
|
97.2
|
5.4
|
4.42
|
5.26
|
1.56
|
1.77
|
0.01
|
3.19
|
Dike Swarm
|
|
|
|
129.5
|
130.2
|
0.7
|
0.57
|
16.95
|
4.00
|
4.25
|
0.02
|
3.54
|
|
|
-62
|
YKDD19-025
|
116.6
|
117.3
|
0.7
|
0.43
|
46.7
|
2.51
|
2.74
|
0.20
|
0.17
|
Dike Swarm
|
|
|
|
123.8
|
125.3
|
1.5
|
0.92
|
3.48
|
0.56
|
2.25
|
0.00
|
1.76
|
|
|
-70
|
YKDD19-027
|
135.1
|
137.5
|
2.4
|
1.20
|
106.95
|
7.69
|
25.82
|
0.09
|
5.93
|
Dike
Swarm
|
|
-80
|
YKDD19-029
|
Results
Pending
|
|
|
|
|
|
|
|
|
Dike Swarm
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ8
|
-45
|
YKDD19-022
|
100.5
|
101.4
|
0.9
|
0.74
|
8.45
|
2.75
|
1.75
|
0.00
|
1.63
|
Dike Swarm
|
|
-62
|
YKDD19-024
|
No significant
results
|
|
|
|
|
|
|
|
|
Dike Swarm
|
|
-70
|
YKDD19-026
|
No significant
results
|
|
|
|
|
|
|
|
|
Dike Swarm
|
|
-80
|
YKDD19-028
|
No significant
results
|
|
|
|
|
|
|
|
|
Dike Swarm
|
SUMMARY
Cantex is highly encouraged by the results to date at North
Rackla where the recently interpreted magnetic survey has allowed
the Company to correlate drill core and outcrop to geophysical
character for the first time, while extending the mapped
prospective strike length in areas without surface exposure. With
more than 4 kilometres of mapped prospective strike length now
identified at North Rackla, drilling is continuing to encounter
massive sulphides in the Main Zone in both directions along strike
and at depth along an argillite-dolostone contact.
Two drills are currently focused on the southwest portion of the
Main Zone while the third is testing the newly discovered South
Zone. With 68 holes and over 15,500 metres drilled to date,
Cantex looks forward to providing additional assays and operational
updates from its ongoing exploration and delineation program in the
near future.
In light of the good drilling productivity seen to date, it is
expected that the company will expand its drill program beyond the
initially planned 17,000 metres of drilling during 2019.
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.