KELOWNA, BC, Sept. 14, 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
- Drilling underway and massive sulphide mineralization
intersected
- Soil-talus sampling program complete
- Rock sampling identifies mineralization in regional
anomalies
- Prospecting identifies second zone at Massive Sulphide
Project
Drilling of Massive Sulphide Project
Drill testing of the Main Zone of the Massive Sulphide Project
continues and has focussed on extending the previously discovered
mineralization along strike and to depth. The most
significant step-out intercept to date is from pad MZ34 where a -80
degree hole hit semi-massive to massive sulphide mineralization
between 537 to 544.45 metres and 569 to 574.9 metres. This
deeper intercept is at a vertical depth of 550 metres,
significantly extending the mineralization to depth. Some of
the core samples have now arrived at CF Mineral Research Ltd for
sample preparation while other samples are still en route.
Soil-Talus Sampling and Prospecting Completed Over Regional
Anomalies
Within the Company's wholly owned, large (14,077 hectare) North
Rackla claim block there are 48 areas which are anomalous in base
and/or precious metals as determined by soil-talus sampling.
Additional in-fill soil talus sampling, where required, is now
complete on these areas. A total of 2,800 samples were
collected.
Prospecting and rock sampling were also completed over many of
the anomalous areas. Results from two of the gold areas are
presented below.
Six rock samples collected from anomaly G38, measuring 250 x 50
metres, contained up to 57.7 g/t gold and 2,620 g/t silver as shown
in the following table.
Sample
|
Gold
|
Silver
|
Lead
|
g/t
|
g/t
|
%
|
KAR4642
|
2.73
|
185.0
|
2.43
|
KAR4643
|
0.40
|
97.5
|
0.52
|
KAR4644
|
0.81
|
183.0
|
1.41
|
KAR4645
|
1.37
|
82.2
|
0.37
|
KAR4646
|
0.47
|
67.3
|
0.72
|
KAR4647
|
57.70
|
2620.0
|
0.42
|
Six rock samples were collected across the 245 metre width of
the 15.7 hectare G16 anomaly. These grab samples contained
between 0.62 g/t and 8.64 g/t gold with minor amounts of silver as
presented below.
Sample
|
Gold
|
Silver
|
g/t
|
g/t
|
KAR4652
|
3.52
|
3.00
|
KAR4653
|
8.64
|
3.02
|
KAR4654
|
2.59
|
11.65
|
KAR4655
|
0.62
|
0.82
|
KAR4656
|
7.25
|
5.39
|
KAR4657
|
9.44
|
7.99
|
New Second Zone at Massive Sulphide Project
An area of new mineralization has been discovered 500 metres to
the southeast of the Main Zone at the Massive Sulphide
Project. Prospecting an area of thin glacial till resulted in
the discovery of numerous pieces of massive sulphide ranging up to
100 x 80 x 50cm in size. Six of the pieces were sampled from
a 40 by 35 metre area and averaged 281 g/t silver, 18.93% lead and
32.29% zinc. Detailed results are presented in the following
table:
Sample
|
Silver
|
Lead
|
Zinc
|
Copper
|
Manganese
|
g/t
|
%
|
%
|
%
|
%
|
KAR4732
|
96.6
|
2.23
|
43.14
|
0.12
|
0.38
|
KAR4733
|
271
|
6.21
|
40.98
|
0.06
|
0.51
|
KAR4734
|
231
|
19.20
|
37.80
|
0.06
|
0.05
|
KAR4735
|
514
|
80.37
|
2.87
|
0.05
|
0.02
|
KAR4736
|
187
|
4.11
|
16.95
|
0.02
|
3.09
|
KAR4737
|
388
|
1.47
|
51.97
|
0.05
|
0.06
|
|
|
|
|
|
|
Average
|
281
|
18.93
|
32.29
|
0.06
|
0.68
|
Additional prospecting and rock sampling, which is currently
underway, has expanded this zone of massive sulphide mineralization
to 120 metres by 40 metres. The pieces of massive sulphide
are angular and friable; this combined with their high abundance
strongly suggests a local provenance.
Trenching of this new discovery and drill testing is planned to
occur before the end of this field season.
Sample Preparation and Analytical Methods
Soil and rock samples contained in this release were securely
transported from the field area to CF Mineral Research Ltd in
Kelowna, BC.
At CF Minerals the rock 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,
zinc or copper values exceeded one percent the Pb-OG62, Zn-OG62 or
Cu-OG62 techniques were used. These have upper limits of 20%
lead, 30% zinc and 50% copper respectively. Samples with lead
and zinc values over these limits are then analyzed by titration
methods Pb-VOL70 and Zn-VOL50. Gold was assayed by fire assay
using Au-ICP22. Where samples contain greater than 10ppm the
Au-GRA22 technique is used. Where silver values exceed 100ppm
the Ag-OG62 technique is used. This technique has an upper
limit of 1500 g/t, and when exceeded the Ag-GRA21 technique is
used.
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.