KELOWNA,
BC, Aug. 11, 2022 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is
pleased to provide an update on drilling of the GZ Zone at its
100-percent-owned 14,077 hectare North Rackla claim block in the
Yukon.
Dr. Charles Fipke reports
A 5 Metre Zone of 39% Lead-Zinc
and 116 g/t Silver Intersected in Hole YKDD22-226 at GZ
Zone
Cantex is pleased to report the first results from its 2022
drill program at the North Rackla project. To date results
from seven holes have been received with three of these holes
having significant results as presented in Table 1.
Holes YKDD22-224, YKDD22-226 and YKDD22-228 were all drilled
from pad GZ2.5C and each of these holes intersected significant
sulphide mineralization. Hole YKDD22-224 intersected 11
metres of 11.7% lead-zinc and 36 g/t silver. Hole YKDD22-226
intersected 5.0 metres of 39.0% lead-zinc and 116 g/t silver.
Hole YKDD22-228 intersected 9.0 metres of 18.0% lead-zinc and 59
g/t silver which included a 4.5 metre high grade zone containing
29.0% lead-zinc and 93 g/t silver.
The drill collar location of these holes is shown on Figure
1. A cross section through these holes is presented in Figure
2.
Table 1. Significant results from GZ Zone
|
Pad
|
Dip
|
Hole
|
From (m)
|
To
(m)
|
Length
(m)
|
Silver
(g/t)
|
Lead +
Zinc (%)
|
Lead (%)
|
Zinc (%)
|
Copper (%)
|
Manganese
(%)
|
|
|
|
|
|
|
|
|
|
GZ2.5C
|
-45
|
YKDD22-224
|
19.0
|
23.0
|
4.0
|
6.56
|
2.82
|
0.13
|
2.69
|
0.00
|
3.19
|
|
|
|
|
24.5
|
25.0
|
0.5
|
1.62
|
1.87
|
0.06
|
1.81
|
0.00
|
1.50
|
|
|
|
|
36.0
|
47.0
|
11.0
|
36.62
|
11.71
|
2.48
|
9.23
|
0.04
|
2.65
|
|
|
|
|
Including
|
40.5
|
44.5
|
4.0
|
79.68
|
26.68
|
4.24
|
22.44
|
0.06
|
2.89
|
|
|
|
|
49.5
|
50.0
|
0.5
|
6.28
|
1.88
|
1.42
|
0.46
|
0.05
|
2.43
|
|
|
|
|
60.0
|
61.5
|
1.5
|
9.95
|
5.77
|
0.77
|
5.00
|
0.01
|
1.00
|
|
|
|
|
|
|
|
-70
|
YKDD22-226
|
24.0
|
25.0
|
1.0
|
10.55
|
4.42
|
0.94
|
3.48
|
0.01
|
0.18
|
|
|
|
|
54.0
|
59.0
|
5.0
|
115.97
|
39.01
|
9.53
|
29.48
|
0.02
|
1.04
|
|
|
|
|
68.0
|
69.0
|
1.0
|
2.71
|
1.46
|
0.34
|
1.12
|
0.00
|
0.79
|
|
|
|
|
|
|
|
-80
|
YKDD22-228
|
58.0
|
67.0
|
9.0
|
58.72
|
18.03
|
5.10
|
12.93
|
0.01
|
0.84
|
|
|
|
|
Including
|
59.0
|
63.5
|
4.5
|
92.93
|
28.98
|
8.61
|
20.37
|
0.01
|
1.01
|
|
|
|
Cantex has completed 36 holes on the North Rackla project so far
during the 2022 season. Results from 29 of these holes are
still awaited and will be reported when received.
The drill team has just gone on a two week break as mandated by
the Yukon Workers' Safety and Compensation Board and will be back
drilling on August
20th.
Sample Preparation
The drill holes reported in this press release were drilled
using HQ (63.5mm) diamond drill bits. The core was logged,
marked up for sampling and then divided into equal halves using a
diamond saw on site. One half of the core was left in the
original core box. The other half was sampled and placed into
sealed bags which were in turn placed into larger bags closed with
security seals prior to being transported to CF Mineral Research
Ltd. in Kelowna, BC.
At CF Minerals the drill core was 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 running a barren sand sample through
both the crusher and pulveriser between each sample to ensure no
inter-sample contamination occurred. 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 or
zinc values exceeded one percent the Pb-OG62 or Zn-OG62
techniques were used. These have upper limits of 20% lead and
30% zinc respectively. Samples with lead and zinc values over
these limits were then analyzed by titration methods Pb-VOL70 and
Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62
technique was used which has an upper limit of 1,500
g/t. The over limit analyses contributed to delays in
receiving final assay results.
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 Fipke2Zones
Charles
Fipke
Chairman
|
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|
SOURCE Cantex Mine Development Corp.
