KELOWNA, BC, July 9, 2020 /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.
While the Company is working on defining drill targets for its
massive sulphide drill program, which is expected to commence in
early August, the Company has identified 48 new discoveries of gold
and base metals.
Dr. Charles Fipke reports
HIGHLIGHTS
- 48 areas anomalous in gold and/or base metals discovered at
North Rackla
- Anomalous areas range in size up to 15.7 hectares
- Prospecting, rock sampling and geologic mapping readying the
areas for drill testing
- Drilling of these new discoveries contemplated for late 2020 or
2021
Forty-Eight New Discoveries of Gold and Base
Metals at North Rackla
The Company's wholly owned, large (14,077 hectare) North Rackla
claim block, shown in Map 1, is drained by streams anomalous in
gold, copper, lead, zinc and silver as determined by our heavy
mineral stream sampling. This same heavy mineral stream
sampling technique was used to detect four Carlin-style gold
deposits now in production.
Most of the anomalous drainages were initially soil-talus
sampled on lines spaced 200 metres apart perpendicular to the
dominant geologic trend. Each sample is an approximately
1.5kg composite of soil and talus collected every 5 metres over a
25 metre interval. The samples are sent to C.F. Mineral
Research Ltd., a laboratory owned by Dr. Charles Fipke, where they are pulverized and
prepared for analysis including the insertion of standards.
ALS Chemex conducts the analyses for 49 elements by ICP Mass
Spectroscopy.
In anomalous areas the sampling density is increased; additional
infill lines are completed on either 50 or 100 metre spacing.
To date, 24,658 soil-talus samples and 881 rock samples have been
collected on the North Rackla claims.
This technique is effective where weathering does not break down
siliceous rock, thereby not allowing gold and other metals to
disperse into conventional -0.177mm (-80 mesh) soil only samples.
The technique has been used to detect drill targets on the claims,
including the discovery of the high grade massive sulphides in the
Discovery and Extension Targets as situated in Map 1.
Map 1 also illustrates the 48 areas the soil-talus sampling has
detected with strongly anomalous metal values within the North
Rackla claim block surrounding the high-grade massive sulphide
zones. There are 14 new areas of gold with accessory arsenic
or zinc; 15 areas of copper-lead-zinc-silver with accessory gold; 3
areas of lead-zinc-silver with accessory gold; 9 areas of
copper-lead-zinc-silver; 4 areas of lead-zinc-silver; 2 areas of
copper-lead-zinc and 1 area with anomalous lead-zinc.
Some of the higher priority targets are as follows:
Anomaly G16 is a large (15.7 hectare) irregular anomaly roughly
640m long and 245m wide of weak to very strong anomalous gold
frequently accompanied by weak to moderate zinc in soil-talus
samples. Several rock grab samples contained up to 39.6 g/t
gold. Other rock samples show values of up to 38.3% zinc, 368
g/t silver or 30.2% copper. An additional 8 hectare anomaly
(B42) of silver-lead-zinc occurs on the southwest border of the
anomaly.
The 9.9 hectare anomaly B17 contains weak to strongly anomalous
copper-lead-zinc-silver soil-talus samples. The anomaly
remains open to the southwest, where the next closest sample line
is 1,100 metres away. This line of samples is also anomalous
in copper-lead-zinc-silver; infill sampling will be completed this
year to determine whether Anomaly B17 continues all the way to this
next anomalous sample line.
Anomaly G7 is an irregular 7.7 hectare area containing weak to
strongly anomalous copper-lead-zinc-silver with local weak to
moderately anomalous gold. Four rock samples collected from
the area analyzed 25 to 73ppb gold with up to 5.6% lead and 79 g/t
silver.
The 10 hectare anomaly G8 contains weakly to strongly anomalous
copper-lead-zinc-silver rarely with weakly anomalous gold in
soil-talus. Eleven rock grab samples collected from the area
analyzed between 11 and 49 ppb gold, and up to 0.96% copper, 6.8%
zinc, 1.2% lead and 80 g/t silver.
Anomaly G4 is a 13.4 hectare irregular area roughly 900 metres
long and 150 metres wide of moderately to strongly anomalous
copper-lead-zinc-silver with common weakly to moderately anomalous
gold in soil-talus. A rock sample collected within the
anomaly analyzed 4.27% zinc, 0.54% copper, 0.61% lead, 318 g/t
silver and 21ppb gold. There are three similarly anomalous
areas of 3.21, 1.2 and 0.87 hectares adjacent to G4.
Anomaly G11 consists of a 2.57 hectare southeast trending
anomaly 400 metres in length and 65 metres in width and remains
open to the south east. Soil-talus is strongly to weakly
anomalous in gold, arsenic, silver and zinc. Ten rock grab
samples collected from this anomaly are weakly to strongly
anomalous in gold (up to 293ppb) and arsenic (up to
8,450ppm). Three rock samples are anomalous in zinc (up to
30%) and silver (up to 327 g/t).
Defining Drill Targets
Most anomalies are not
completely closed off and additional soil-talus sampling is needed
to establish the exact dimensions of the anomalous areas. The
existing geochemical coverage has shown that the minimum sizes of
the anomalies range from 15.7 hectares (~640m x 245m) down to 5 areas less than 0.4 hectares in
size. In addition to soil-talus sampling, field work in July
will include prospecting, rock sampling and geologic mapping to
prepare the highest priority areas for drill testing in 2020 or
2021.
Signed,
Charles Fipke
Charles Fipke
Chairman
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SOURCE Cantex Mine Development Corp.