KELOWNA,
BC, July 21, 2022 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (the "Company") is pleased to
provide an update on drilling of the Main Zone at its
100-percent-owned 14,077 hectare North Rackla claim block in the
Yukon.
Dr. Charles Fipke reports
Massive Sulphides Continue to be
Intersected to Depth at Northeast End of Main Zone
Drilling from pad MZ 52A (see Figure 1) demonstrates the massive
sulphides intersected while drilling from pad MZ 52 (see release
dated July 13, 2022) extend to
depth.
Hole YKDD22-241 intersected several zones containing massive to
semi-massive sulphide mineralization at the extreme northeastern
end of the 2.15km long Main Zone. The most significant of
these are from 154.75 to 160.1 metres (5.35m) and 183.5 to 189.95m (6.45m). This last zone is 124 metres
vertically below surface.
The Company continues drilling at this northeastern end
(Discovery Target) of the Main Zone.
The HQ sized core has been split and is being shipped to CF
Minerals in Kelowna for sample
preparation prior to being sent to ALS Chemex in Vancouver for analysis.
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
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Information set forth in this news
release includes forward-looking statements under applicable
securities laws. Forward-looking statements are statements that
relate to future, not past, events. In this context,
forward-looking statements often address expected future business
and financial performance, and often contain words such as
"anticipate", "believe", "plan", "estimate", "expect", and
"intend", statements that an action or event "may", "might",
"could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical
fact, included herein are forward-looking statements. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks identified in
the management discussion and analysis section of the Company's
interim and most recent annual financial statements or other
reports and filings with Canadian securities regulators. Forward
looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the
respective companies undertake no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
SOURCE Cantex Mine Development Corp.