KELOWNA, BC, July 7, 2020 /CNW/ - Cantex Mine
Development Corp. (CD: TSXV) (the "Company") has released an
update on the work program at its 100-per-cent-owned 14,077 hectare
North Rackla claim block in the Yukon.
Dr. Chuck Fipke reports
HIGHLIGHTS
- Structural mapping of mineralized core from Massive Sulphide
project complete
- Surface structural mapping of Massive Sulphide project
underway
- Prospecting, rock sampling and geologic mapping commenced
- Drilling to commence in August
Progress on Structural Mapping of Massive Sulphide
Project
Structural geologist Chris Buchanan
M.Sc., P.Geo. is on-site conducting a study of the area
surrounding Cantex's high-grade silver-lead-zinc Massive Sulphide
discovery within the North Rackla claim block. Buchanan has
completed an examination of mineralized core stored off-site and
spent a month on-site in the Yukon
reviewing core from the 2019 drill program. Preliminary
results indicate late, cross-cutting faults offset the massive
sulphide lenses along strike. Surface mapping has commenced
to help interpret the effect of the faults on the
mineralization. The surficial structural data will be
integrated with drill hole data to develop a new structural
geological map and geological model of the project area.
These new concepts will be used to identify and prioritize drill
targets for the upcoming drill program.
Expansion Work on Massive Sulphide Project
Geochemical results from the Company's soil-talus sampling have
indicated that there is a second zone of mineralization parallel
to, but offset from, the main zone Massive Sulphide.
Prospecting, rock sampling and geologic mapping are now underway to
better define this second zone.
Drill Program
The structural mapping and work on the parallel zone are
expected to be completed in early August, prior to the commencement
of a major drill program in mid-August.
The work will be used to extend the known mineralization along
strike and to depth, particularly in areas covered by thick
overburden. Additionally, the new geological model for
massive sulphide mineralization will be used to evaluate new target
areas identified from the soil-talus sampling.
Cantex is looking forward to another productive exploration
season in the Yukon.
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.