KELOWNA, BC, Jan. 30, 2020
/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 where drill results continue to
define a lead-zinc-silver mineralized system with Broken Hill Type
(BHT) affinities.
Dr. Chuck Fipke reports
HIGHLIGHTS
- Drilling at pads MZ31, MZ32, MZ33, MZ34 and MZ39B has
intersected significant lead-zinc-silver mineralization within the
Main Zone
- Highlights include YKDD19-146 (12.61m true width of 13.21% lead, 20.61% zinc and
95.62 g/t silver) at pad MZ33, and YKDD19-156 (8.08m true width of 4.9% lead, 10.93% zinc and
62.58 g/t silver) at pad MZ34. These spectacular high-grade
intersections occur 970 to 1,000m ENE
of previously reported high-grade intercepts at pads MZ3, MZ4, MZ5
and MZ6.
- Results continue to confirm the presence of a large-scale
mineralizing system within a marine sedimentary sequence of
Proterozoic age
MAIN ZONE RESULTS
Assay results have been now been received from 49 holes drilled
from 15 Pads. The pad locations are presented in Figure
1. Significant results are reported below in Table 1.
Where noted, some of the holes presented in the table have
additional intervals for which assays are still pending.
These results, along with those from additional holes yet to be
analyzed, will be reported when received.
Table 1. Significant drill results
Pad
|
Dip
|
Hole
|
From
|
To
|
Length
|
True
|
Silver
|
Lead
+
|
Lead
|
Zinc
|
Copper
|
Mn
|
|
|
|
Width
|
|
Zinc
|
|
|
|
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t)
|
(%)
|
(%)
|
(%)
|
(%)
|
(%)
|
MZ39B
|
-45
|
YKDD19-119
|
9.20
|
42.20
|
33.00
|
27.99
|
14.95
|
6.96
|
2.48
|
4.48
|
0.06
|
4.76
|
|
|
including
|
30.50
|
35.70
|
5.20
|
4.41
|
31.40
|
21.82
|
7.65
|
14.17
|
0.03
|
4.47
|
|
-71
|
YKDD19-121
|
29.10
|
47.00
|
17.90
|
9.75
|
3.96
|
3.04
|
0.83
|
2.21
|
0.00
|
1.03
|
|
|
|
50.30
|
51.80
|
1.50
|
0.82
|
3.14
|
2.16
|
0.41
|
1.75
|
0.03
|
3.55
|
|
|
|
82.80
|
84.70
|
1.90
|
1.03
|
51.50
|
0.02
|
0.00
|
0.02
|
1.98
|
2.59
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ34
|
-45
|
YKDD19-153
|
Additional results
pending
|
|
|
|
|
|
|
|
|
|
|
233.40
|
234.40
|
1.00
|
0.89
|
60.40
|
12.59
|
4.94
|
7.65
|
0.32
|
1.43
|
|
|
|
237.15
|
238.00
|
0.85
|
0.76
|
0.59
|
3.01
|
0.01
|
3.00
|
0.01
|
0.20
|
|
|
|
240.10
|
241.60
|
1.50
|
1.34
|
0.61
|
1.41
|
0.04
|
1.37
|
0.00
|
0.36
|
|
|
|
300.25
|
303.00
|
2.75
|
2.45
|
5.24
|
4.86
|
1.05
|
3.81
|
0.01
|
0.18
|
|
-62
|
YKDD19-156
|
Additional results
pending
|
|
|
|
|
|
|
|
|
|
|
270.65
|
287.50
|
16.85
|
12.72
|
44.70
|
10.67
|
3.20
|
7.47
|
0.08
|
4.10
|
|
|
Including
|
272.80
|
283.50
|
10.70
|
8.08
|
62.58
|
15.83
|
4.90
|
10.93
|
0.06
|
5.02
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ33
|
-45
|
YKDD19-144
|
Additional results
pending
|
|
|
|
|
|
|
|
|
|
|
148.60
|
149.50
|
0.90
|
0.79
|
21.10
|
7.22
|
2.39
|
4.83
|
0.08
|
1.74
|
|
|
|
152.00
|
155.00
|
3.00
|
2.65
|
7.82
|
2.42
|
0.38
|
2.04
|
0.02
|
3.82
|
|
|
|
172.30
|
176.20
|
3.90
|
3.44
|
129.00
|
1.80
|
0.42
|
1.38
|
1.35
|
3.43
|
|
|
|
185.60
|
186.30
|
0.70
|
0.62
|
3.83
|
1.55
|
0.37
|
1.18
|
0.00
|
0.87
|
|
|
|
228.85
|
233.00
|
4.15
|
3.66
|
10.14
|
13.12
|
0.68
|
12.44
|
0.04
|
4.50
|
|
-62
|
YKDD19-146
|
Additional results
pending
|
|
|
|
|
|
|
|
|
|
|
186.60
|
188.30
|
1.70
|
1.18
|
12.71
|
10.40
|
1.57
|
8.83
|
0.02
|
2.05
|
|
|
|
218.80
|
220.20
|
1.40
|
0.97
|
0.80
|
1.34
|
0.08
|
1.26
|
0.00
|
0.64
|
|
|
|
222.60
|
240.75
|
18.15
|
12.61
|
95.62
|
33.82
|
13.21
|
20.61
|
0.07
|
2.23
|
|
|
|
360.60
|
361.55
|
0.95
|
0.66
|
24.50
|
7.45
|
1.65
|
5.80
|
0.21
|
2.33
|
|
|
|
392.20
|
392.70
|
0.50
|
0.35
|
7.17
|
3.23
|
0.23
|
3.00
|
0.03
|
1.12
|
|
|
|
412.25
|
413.60
|
1.35
|
0.94
|
53.79
|
4.75
|
2.73
|
2.02
|
0.53
|
4.64
|
|
|
|
452.25
|
453.00
|
0.75
|
0.52
|
1.11
|
1.45
|
0.14
|
1.31
|
0.00
|
0.22
|
|
-70
|
YKDD19-149
|
Additional results
pending
|
|
|
|
|
|
|
|
|
|
|
149.30
|
149.90
|
0.60
|
0.34
|
3.87
|
1.70
|
0.03
|
1.67
|
0.00
|
0.34
|
|
|
|
223.25
|
224.80
|
1.55
|
0.89
|
13.69
|
9.01
|
1.23
|
7.78
|
0.02
|
0.16
|
|
|
|
232.20
|
233.00
|
0.80
|
0.46
|
4.07
|
1.46
|
0.22
|
1.24
|
0.00
|
0.24
|
|
|
|
235.70
|
240.10
|
4.40
|
2.52
|
12.08
|
8.71
|
0.29
|
8.42
|
0.02
|
0.34
|
|
|
|
284.65
|
287.80
|
3.15
|
1.81
|
10.10
|
3.62
|
0.40
|
3.22
|
0.28
|
2.19
|
|
|
|
291.00
|
292.10
|
1.10
|
0.63
|
8.68
|
3.86
|
0.07
|
3.79
|
0.01
|
3.85
|
|
|
|
335.30
|
337.60
|
2.30
|
1.32
|
5.34
|
2.54
|
0.25
|
2.29
|
0.01
|
2.40
|
|
|
|
342.00
|
345.05
|
3.05
|
1.75
|
7.58
|
4.51
|
0.23
|
4.28
|
0.04
|
3.86
|
|
|
|
375.95
|
377.40
|
1.45
|
0.83
|
5.93
|
2.55
|
0.27
|
2.28
|
0.03
|
2.09
|
|
|
|
484.85
|
485.45
|
0.60
|
0.34
|
47.00
|
11.53
|
7.00
|
4.53
|
0.03
|
3.60
|
|
|
|
490.80
|
493.40
|
2.60
|
1.49
|
91.32
|
9.03
|
3.29
|
5.74
|
0.37
|
3.44
|
|
-80
|
YKDD19-155
|
Additional results
pending
|
|
|
|
|
|
|
|
|
|
|
351.80
|
352.35
|
0.55
|
0.28
|
10.30
|
0.19
|
0.06
|
0.13
|
1.21
|
2.38
|
|
|
|
353.15
|
364.80
|
11.65
|
5.83
|
38.14
|
11.41
|
3.37
|
8.04
|
0.22
|
2.68
|
|
|
Including
|
355.90
|
362.70
|
6.80
|
3.4
|
57.67
|
16.40
|
5.43
|
10.97
|
0.28
|
2.25
|
|
|
|
420.70
|
421.75
|
1.05
|
0.53
|
5.72
|
3.35
|
1.11
|
2.24
|
0.00
|
0.41
|
MZ32
|
-45
|
YKDD19-098
|
113.90
|
114.60
|
0.70
|
0.59
|
3.61
|
1.26
|
0.10
|
1.16
|
0.04
|
1.11
|
|
|
|
120.60
|
125.30
|
4.70
|
3.99
|
22.28
|
3.01
|
0.53
|
2.48
|
0.15
|
3.76
|
|
|
|
134.00
|
141.20
|
7.20
|
6.11
|
13.39
|
5.24
|
1.58
|
3.66
|
0.03
|
4.55
|
|
|
|
146.20
|
148.60
|
2.40
|
2.04
|
156.99
|
12.46
|
9.08
|
3.38
|
1.73
|
2.04
|
|
|
|
150.20
|
152.00
|
1.80
|
1.53
|
6.50
|
3.03
|
0.05
|
2.98
|
0.01
|
1.22
|
|
|
|
176.90
|
178.30
|
1.40
|
1.19
|
15.26
|
6.06
|
0.42
|
5.64
|
0.01
|
0.52
|
|
|
|
183.70
|
184.30
|
0.60
|
0.51
|
1.96
|
1.73
|
0.25
|
1.48
|
0.00
|
0.37
|
|
|
|
302.00
|
304.50
|
2.50
|
2.12
|
2.45
|
1.37
|
0.17
|
1.20
|
0.04
|
1.45
|
|
|
|
307.80
|
308.60
|
0.80
|
0.68
|
2.94
|
1.78
|
0.33
|
1.45
|
0.00
|
0.25
|
|
-62
|
YKDD19-107
|
Results
pending
|
|
|
|
|
|
|
|
|
-70
|
YKDD19-112
|
Additional results
pending
|
|
|
|
|
|
|
|
|
|
|
171.00
|
173.00
|
2.00
|
1.06
|
5.10
|
2.71
|
0.25
|
2.46
|
0.03
|
0.50
|
|
|
|
220.70
|
222.50
|
1.80
|
0.95
|
2.11
|
5.32
|
0.01
|
5.31
|
0.01
|
4.57
|
|
|
|
224.90
|
226.00
|
1.10
|
0.58
|
9.03
|
2.32
|
0.78
|
1.54
|
0.04
|
1.65
|
|
|
|
253.30
|
254.40
|
1.10
|
0.58
|
4.52
|
4.29
|
0.01
|
4.28
|
0.01
|
0.39
|
|
|
|
326.00
|
326.60
|
0.60
|
0.32
|
10.95
|
2.00
|
0.91
|
1.09
|
0.07
|
0.95
|
|
|
|
467.40
|
468.40
|
1.00
|
0.54
|
2.08
|
1.16
|
0.16
|
1.00
|
0.01
|
0.53
|
|
|
|
487.80
|
488.80
|
1.00
|
0.54
|
11.05
|
1.49
|
0.15
|
1.34
|
0.07
|
2.02
|
|
|
|
493.60
|
494.20
|
0.60
|
0.33
|
318.00
|
1.62
|
0.36
|
1.26
|
1.55
|
1.86
|
|
-80
|
YKDD19-117
|
Additional results
pending
|
|
|
|
|
|
|
|
|
|
|
308.10
|
318.00
|
9.90
|
3.71
|
5.59
|
2.36
|
0.04
|
2.32
|
0.08
|
3.08
|
|
|
Including
|
316.00
|
317.00
|
1.00
|
0.37
|
4.27
|
11.79
|
0.04
|
11.75
|
0.05
|
2.73
|
|
|
|
324.00
|
325.00
|
1.00
|
0.37
|
1.29
|
2.02
|
0.04
|
1.98
|
0.01
|
4.61
|
|
|
|
348.00
|
350.00
|
2.00
|
0.75
|
3.26
|
1.83
|
0.00
|
1.83
|
0.00
|
2.32
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ31
|
-45
|
YKDD19-148
|
111.40
|
112.50
|
1.10
|
0.99
|
2.46
|
2.38
|
0.37
|
2.01
|
0.02
|
1.37
|
|
|
|
128.65
|
129.35
|
0.70
|
0.63
|
8.55
|
2.59
|
2.13
|
0.46
|
0.05
|
4.01
|
|
|
|
132.30
|
135.20
|
2.90
|
2.61
|
18.58
|
3.82
|
3.42
|
0.40
|
0.06
|
4.65
|
|
-62
|
YKDD19-151
|
127.50
|
128.55
|
1.05
|
0.80
|
0.34
|
1.07
|
0.00
|
1.07
|
0.00
|
0.50
|
|
|
|
136.90
|
138.40
|
1.50
|
1.15
|
1.03
|
1.78
|
0.02
|
1.76
|
0.01
|
1.54
|
|
|
|
141.00
|
141.80
|
0.80
|
0.61
|
4.02
|
2.78
|
0.22
|
2.56
|
0.06
|
3.24
|
|
|
|
148.70
|
149.30
|
0.60
|
0.46
|
0.70
|
1.11
|
0.04
|
1.07
|
0.01
|
4.71
|
|
|
|
154.10
|
156.90
|
2.80
|
2.14
|
33.10
|
18.02
|
5.07
|
12.95
|
0.04
|
3.59
|
|
|
|
164.55
|
165.95
|
1.40
|
1.07
|
10.30
|
11.36
|
1.69
|
9.67
|
0.03
|
3.37
|
|
|
|
169.15
|
173.55
|
4.40
|
3.37
|
14.62
|
6.94
|
1.69
|
5.25
|
0.07
|
3.34
|
|
|
|
182.30
|
183.50
|
1.20
|
0.92
|
0.61
|
2.45
|
0.01
|
2.44
|
0.01
|
0.56
|
|
-70
|
YKDD19-152
|
Results
pending
|
|
|
|
|
|
|
|
|
-80
|
YKDD19-154
|
69.85
|
70.40
|
0.55
|
0.20
|
12.25
|
1.35
|
1.31
|
0.04
|
0.00
|
0.49
|
|
|
|
298.80
|
299.35
|
0.55
|
0.20
|
1.66
|
4.58
|
0.00
|
4.58
|
0.01
|
5.83
|
|
|
|
316.50
|
317.10
|
0.60
|
0.22
|
5.94
|
1.85
|
0.35
|
1.50
|
0.02
|
2.77
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ 27
|
-45
|
YKDD19-077
|
No significant
results
|
|
|
|
|
|
|
|
|
-62
|
YKDD19-080
|
No significant
results
|
|
|
|
|
|
|
|
|
-70
|
YKDD19-083
|
128.70
|
131.20
|
2.50
|
1.83
|
3.73
|
1.34
|
0.09
|
1.25
|
0.04
|
1.64
|
|
|
|
133.70
|
135.20
|
1.50
|
1.10
|
2.04
|
1.47
|
0.14
|
1.33
|
0.01
|
3.19
|
|
|
YKDD19-086
|
No significant
results
|
|
|
|
|
|
|
|
|
-80
|
YKDD19-087
|
165.00
|
166.10
|
1.10
|
0.60
|
15.70
|
24.37
|
4.27
|
20.1
|
0.05
|
2.03
|
|
-90
|
YKDD19-091
|
No significant
results
|
|
|
|
|
|
|
|
MZ26
|
-44
|
YKDD19-049
|
No significant
results
|
|
|
|
|
|
|
|
|
-62
|
YKDD19-053
|
102.00
|
104.00
|
2.00
|
1.26
|
85.90
|
0.59
|
0.09
|
0.50
|
0.81
|
2.63
|
|
|
|
160.00
|
161.00
|
1.00
|
0.62
|
24.90
|
1.98
|
0.99
|
0.99
|
0.20
|
2.60
|
|
-70
|
YKDD19-056
|
No significant
results
|
|
|
|
|
|
|
|
|
-80
|
YKDD19-058
|
209.00
|
210.00
|
1.00
|
0.41
|
2.50
|
3.15
|
0.09
|
3.06
|
0.02
|
2.13
|
|
-90
|
YKDD19-063
|
No significant
results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ25
|
-44
|
YKDD19-074
|
No significant
results
|
|
|
|
|
|
|
|
|
-62
|
YKDD19-076
|
117.80
|
119.70
|
1.90
|
1.27
|
58.14
|
0.46
|
0.14
|
0.32
|
0.99
|
3.49
|
|
|
|
130.20
|
130.80
|
0.60
|
0.4
|
28.00
|
4.55
|
3.47
|
1.08
|
0.00
|
0.55
|
|
-70
|
YKDD19-078
|
No significant
results
|
|
|
|
|
|
|
|
|
-80
|
YKDD19-081
|
No significant
results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ17
|
-42
|
YKDD19-031
|
70.60
|
76.60
|
6.00
|
3.86
|
8.62
|
5.47
|
3.03
|
2.45
|
0.01
|
1.23
|
|
|
including
|
72.10
|
73.10
|
1.00
|
0.64
|
41.00
|
22.93
|
16.75
|
6.18
|
0.02
|
2.79
|
|
|
|
97.70
|
99.70
|
2.00
|
1.29
|
5.67
|
5.28
|
1.29
|
3.99
|
0.01
|
1.95
|
|
-41
|
YKDD19-035
|
14.00
|
17.00
|
3.00
|
1.93
|
2.27
|
1.74
|
0.21
|
1.53
|
0.00
|
0.29
|
|
|
|
317.70
|
318.80
|
1.10
|
0.71
|
7.77
|
2.38
|
0.51
|
1.87
|
0.03
|
3.06
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ17B
|
-52
|
YKDD19-069
|
15.00
|
16.10
|
1.10
|
0.52
|
89.00
|
15.73
|
11.65
|
4.08
|
0.05
|
4.38
|
|
|
|
210.90
|
211.90
|
1.00
|
0.47
|
2.84
|
1.31
|
0.25
|
1.06
|
0.00
|
0.94
|
As presented above, greater than 10% combined lead-zinc was
intersected in drilling from pads MZ39B, MZ34, MZ33, MZ32 and
MZ31. These pads are located over 370 metres of strike
length, being 1250, 1000, 970, 930, and 880 metres to the ENE of
pad MZ6 respectively. Holes YKDD19-155 and YKDD19-156 were
the last holes drilled during the season, and both intersected
significant mineralization.
YKDD19-155 was drilled at a -80 degree dip and intersected 5.83
metres (true width) of 11.41% combined lead-zinc with 38.14 g/t
silver. This was at a vertical depth of nearly 360
metres. The cross section of MZ33 showing this result is
presented in Figure 2 along with the 12.61 metre (true width)
intercept from the -62 degree hole YKDD19-146 containing 33.82%
combined lead-zinc with 95.62 g/t silver.
YKDD19-156 was drilled at a -62 degree dip and intersected 8.08
metres (true width) of 15.83% combined lead-zinc with 62.58 g/t
silver. A cross section through MZ34 showing this results is
presented in Figure 3.
In addition to the above, results were received from 13 holes
drilled from pads MZ11, MZ12 and MZ13 which tested portions of the
previously discussed dyke swarm, which we believe remobilized the
massive sulphides to locations adjacent to the dyke swarm that have
not yet been intersected by drilling.
The core displays numerous faults and local outcropping rocks
are folded. As is the case at Broken Hill, faults and folds
locally change the location of massive sulphide units. As the
massive sulphides are covered by talus and glacial till and cannot
be detected by ground gravity, electromagnetic, induced
polarization, resistivity or magnetic geophysical surveys we have
note yet been able to intersect massive sulphides in the vicinity
of the aforementioned drilling from pads MZ11, MZ12 and MZ13 as
well as in two holes drilled from pad 38 and one hole drilled from
pad 42. Locations of these pads are presented in Figure
1.
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 CF Mineral Research
Ltd in Kelowna, BC.
At CF Minerals the samples were 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 and a 250g split was sent for assay. Quality
control procedures included the insertion of coarse quartz samples
to assess the sample preparation. 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 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 are then analyzed by titration methods Pb-VOL70 and
Zn-VOL50. The over limit analyses (and the over limit – over
limit analyses) contribute to delays in receiving final assay
results.
DISCUSSION
Drill results continue to demonstrate the extensive trend of the
Main Zone high-grade lead-zinc-silver mineralization at the
Company's Massive Sulphide project, which is believed to be of
sedimentary exhalative (sedex) origin. Mineralization is
coarsely crystalline and appears to be stratabound, showing
evidence of recrystallization during mild metamorphism. Based on a
combination of multiple factors (the nature of the sedimentary host
sequence, the Proterozoic age, the elevated manganese levels, and
the high silver content), the North Rackla mineralization is
believed to belong to the BHT (Broken Hill type) sub-class of sedex
lead-zinc-silver deposits. The Broken Hill massive sulphide
deposit has been mined for more than 100 years and produced some of
the highest lead-zinc-silver grades in the world. It is the
founding deposit of BHP, the world's largest mining company.
The high grades being encountered clearly demonstrate the
fertile nature of this large-scale system. Structural and
geochemical data are being compiled in order to guide the focus of
future drilling within the Main Zone sequence.
In addition, CEO Chad Ulansky
states, "As planned, our field teams moved onto the flatter, till
covered ground in the vicinity of the camp with the onset of
winter. This drilling was very successful, intersecting
massive sulphides from multiple drill pads. Our last holes of
the season intersected high-grade mineralization, which is open
both along strike and to depth giving the project an exciting point
to commence its 2020 drill program."
The Company continues to be impressed by the results and
potential of the project and looks forward to the coming drill
program.
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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forward-looking statements. By their nature, forward-looking
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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
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among others, risks identified in the management discussion and
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SOURCE Cantex Mine Development Corp.