KELOWNA, BC, July 23, 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.
Dr. Charles Fipke reports
HIGHLIGHTS
- Structural mapping provides clarity on Massive Sulphide
Zone
- Soil-talus sampling program progressing well
- Prospecting underway
- Drilling to start in mid August
Structural Mapping of Massive Sulphide Zone
Geological mapping by Chris
Buchanan, M.Sc. P.Geo., has been underway on the North
Rackla Project since the beginning of July. The mapping is
focused on the vicinity of the Main Zone silver-lead-zinc
discovery. The objective of this work is to develop an
improved structural model of the Main Zone that provides a better
understanding of how faulting has moved the mineralization.
The Main Zone mineralization is hosted within a thick dolomite
unit which is underlain by a succession of siliciclastic rocks
(siltstone, sandstone and argillite). This contact, along with
distinct layers within these broader units, allow the faulting and
folding history of the area to be determined.
Three generations of folding (F1, F2, and
F3 in order from earliest to most recent) have been
identified. The F2 folds are the dominant regional
structural feature. They are kilometre scale, asymmetric and
verge to the southeast. In the area of the Main Zone a
F2 fold controls the orientation of the dolomite which
hosts the mineralization. The mineralization occurs in the
northeast striking, steeply dipping southeast limb of the fold.
There have also been multiple generations of faults in the Main
Zone area. The earliest were thrust faults which formed alongside
the earlier F1 and F2 folds. Three
younger generations of brittle faults have cut across and displaced
the mineralization for distances ranging from several metres to 200
metres. Now that the nature of these faults is understood
drill targeting will be greatly improved.
The field mapping program is in its final stages. The new
geological map of the Main Zone area will be integrated with
existing drill data to improve the current geological model prior
to the 2020 drill program. New drill targets have been
identified during the mapping and additional drill targets are
expected to be developed as the drill datasets and surficial
geology map are integrated into the 3-D model.
Prospecting and Rock Sampling
As disclosed in the Company's news recent news release
(July 9, 2020) Cantex has discovered
48 areas anomalous in gold and/or base metals within the North
Rackla claim block. Prospecting and rock sampling of these
anomalies is well underway.
Soil-Talus Sampling
As many of the existing soil-talus geochemical anomalies are not
completely closed off additional soil-talus sampling is needed to
establish the exact dimensions of the anomalous areas. Four
thousand six hundred additional samples have been
proposed. The collection of these samples will be complete
before the end of July.
Summary
Cantex is pleased with the progress on the structural mapping of
the Massive Sulphide zone and the resulting understanding of how
the mineralization has been displaced. This understanding will
greatly enhance the targeting of the upcoming drill program.
The technical information and results reported here have been
reviewed by Mr. Chad Ulansky P.Geo.,
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.