KELOWNA,
BC, Oct. 25, 2023 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is
pleased to report that Cantex is presently drilling on its North
Rackla claims.
The first hole (YKDD23-279) drilled at a -45° inclination into
the Main Zone of the silver-lead-zinc-germanium mineralization
encountered a 7.8 metre intersection of strong massive sulphide
from a depth of 82.5 metres (refer to drill hole location Map
1).
Cantex is pleased to report such an outstanding intersection on
its first hole. Drilling continues.
About Cantex Mine Development
Corp.
Cantex is focused on its 100-per-cent-owned, 20,000-hectare
North Rackla Project located 150 kilometres northeast of the town
of Mayo in Yukon, Canada, where significant massive
sulphide mineralization has been discovered. Over 60,000 metres of
drilling has defined high-grade silver-lead-zinc-germanium
mineralization over 2.3 kilometres of strike length and 700 metres
depth. The mineralization remains open along strike and to depth.
The company is led by Dr. Fipke, the founder of Ekati, Canada's first diamond mine.
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
Dr. Charles Fipke, CM
Chairman
FORWARD LOOKING STATEMENTS: Certain of the
statements and information in this press release constitute
"forward-looking statements" or "forward-looking information".
Further, any statements or information that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects", "anticipates", "believes", "plans", "estimates",
"intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved, or the negative of any of these terms
and similar expressions) are not statements of historical fact and
may be forwardlooking statements or information. The Company's
forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of
the date of this press release, and other than as required by
applicable securities laws, the Company does not assume any
obligation to update forward-looking statements and information if
circumstances or management's assumptions, beliefs, expectations or
opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above,
investors should not place undue reliance on forward-looking
statements and information.
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.
SOURCE Cantex Mine Development Corp.
