KELOWNA, BC, July 13, 2021 /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
North Rackla Massive Sulphide Drilling Update
To date seven drill holes have been completed from pads MZ30 and
MZ51 (refer to Figure 1 for pad locations and Figures 2 and 3 for
the respective cross sections). Six of the seven holes
intersected semi-massive to massive sulphides consisting of galena
and sphalerite (lead and zinc containing minerals, respectively)
which in holes YKDD21-184 and YKDD21-185 were oxidized. The
longest logged mineralized intercept was 24.35m in hole YKDD21-189.
Core from the first five holes has been cut on site and sent to
the labs for preparation and analysis. The next two holes are being
prepared for shipment. The analytical results will be released
when received.
North Rackla Regional Targets
The highest priority gold, copper and silver-lead-zinc anomalies
are G04, G14, G38, G66 and G67 as assessed by geologist,
Chad Ulansky. Their locations
are presented in Figure 4. Structural mapping has been completed on
the high-grade copper showing (anomaly G66) that consistently
returned grades of up to 20.8% copper. In addition, anomaly
G67 from which rock samples contained gold grades ranging from 1.36
g/tonne to 39.6 g/tonne has been preliminarily mapped.
Over the next week the remaining high priority targets will be
reviewed and geologically mapped so that drill targets can be
located. The objective will be to drill high priority targets
in 2021.
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.
