In This Article:
KELOWNA, BC, Nov. 27, 2024 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is pleased to provide an update on its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon.
Dr. Charles Fipke reports
Main Zone Drilling
Cantex has completed its 2024 drill program at North Rackla. Thirty-three holes totaling 6,000 metres were completed. This drilling included 28 holes drilled at the Massive Sulphide Zone and five holes drilled at the Copper Zone on the west side of the claim block (see news release dated August 19, 2024).
The drilling at the Massive Sulphide Zone focused on the Discovery Sector, continuing to extend the strike length of the mineralization. As shown in Figure 1 the drill-confirmed strike length is now 2.65 kilometres, an increase of 300 metres this season. The mineralization remains open both along strike and to depth.
Results from sixteen holes completed on the Discovery Sector of the Main Zone have been received and these results are presented in Table 1 below.
Highlights from these holes include a 2.4 metre interval of 25.82% combined lead-zinc within a broader interval of 13.63 metres of 7.25% combined lead-zinc in hole YKDD24-302B. Hole YKDD24-303 intersected a 2.1 metre interval of 27.63% lead-zinc within a broader 6.35 metre intercept of 13.91% combined lead-zinc. An 18.85 metre interval of mineralization was intersected in hole YKDD24-306 which contains 4.03% combined lead-zinc.
As presented in Table 1, the drilling in the northeastern portion of the Main Zone contains elevated copper values suggesting that this could be the central feeder zone of the mineralization. If in fact this area in the northeast corner of our drilling is the centre of the deposit, then the strike length could possibly be doubled.
These notable intercepts continue to demonstrate the significant size and grade of the Main Zone mineralization. As previously demonstrated the Main Zone is also significantly enriched in germanium. The germanium results for these intervals are awaited and will be reported when received.
Table 1. Significant drill results from the Discovery Sector
| Pad | Dip | Hole | From | To | Interval | Silver | Lead | Zinc | Lead + | Cop |
| | | | (m) | (m) | (m) | g/t | ( %) | ( %) | ( %) | ( %) |
| MZ53B | -45 | YKDD24-302* | 56.60 | 57.00 | 0.40 | 90.7 | 5.56 | 15.40 | 20.96 | 0.04 |
| | ||||||||||
| YKDD24-302B | 92.40 | 106.03 | 13.63 | 17.3 | 3.59 | 3.66 | 7.25 | 0.01 | ||
| Including | 94.70 | 97.10 | 2.40 | 69.1 | 16.74 | 9.08 | 25.82 | 0.03 | ||
| | | | | | | | | | | |
| -55 | YKDD24-304 | 101.00 | 104.80 | 3.80 | 10.4 | 0.65 | 3.58 | 4.23 | 0.01 | |
| | | | | | | | | | | |
| -65 | YKDD24-306 | 79.75 | 81.80 | 2.05 | 37.2 | 7.10 | 4.48 | 11.58 | 0.01 | |
| | 99.00 | 117.85 | 18.85 | 9.8 | 1.88 | 2.15 | 4.03 | 0.01 | ||
| | 130.14 | 131.74 | 1.60 | 17.4 | 3.25 | 7.06 | 10.31 | 0.02 | ||
| | ||||||||||
| MZ55A | -55 | YKDD24-293 | 190.50 | 191.30 | 0.80 | 7.2 | 3.94 | 1.28 | 5.22 | 0.02 |
| | ||||||||||
| -65 | YKDD24-295 | 197.90 | 198.40 | 0.50 | 9.4 | 1.57 | 6.80 | 8.37 | 0.05 | |
| 250.65 | 254.75 | 4.10 | 1.6 | 0.09 | 1.18 | 1.26 | 0.00 | |||
| | ||||||||||
| -75 | YKDD24-297 | 241.11 | 244.50 | 3.39 | 19.8 | 0.85 | 4.21 | 5.06 | 0.12 | |
| | ||||||||||
| MZ56 | -55 | YKDD24-300 | 69.30 | 69.80 | 0.50 | 38.5 | 1.25 | 0.55 | 1.79 | 0.29 |
| | 72.45 | 72.95 | 0.50 | 24.2 | 4.31 | 2.11 | 6.42 | 0.02 | ||
| | 81.85 | 91.50 | 9.65 | 11.9 | 2.09 | 3.55 | 5.64 | 0.04 | ||
| Including | 85.45 | 88.10 | 2.65 | 17.0 | 3.56 | 9.78 | 13.34 | 0.02 | ||
| | 109.00 | 111.25 | 2.25 | 2.5 | 0.94 | 0.90 | 1.84 | 0.00 | ||
| | ||||||||||
| -65 | YKDD24-301 | 86.90 | 94.66 | 7.76 | 7.4 | 0.79 | 1.11 | 1.90 | 0.05 | |
| | 122.68 | 125.95 | 3.27 | 8.2 | 1.57 | 5.07 | 6.64 | 0.01 | ||
| | ||||||||||
| -75 | YKDD24-303 | 80.24 | 82.40 | 2.16 | 2.9 | 0.33 | 2.75 | 3.08 | 0.01 | |
| | 99.00 | 105.35 | 6.35 | 26.3 | 4.79 | 9.13 | 13.91 | 0.05 | ||
| Including | 100.95 | 103.05 | 2.10 | 51.3 | 11.25 | 16.39 | 27.63 | 0.07 | ||
| | 137.33 | 138.10 | 0.77 | 13.5 | 2.47 | 0.84 | 3.31 | 0.06 | ||
| | 143.50 | 145.40 | 1.90 | 12.9 | 2.29 | 7.02 | 9.30 | 0.01 | ||
| | ||||||||||
| -85 | YKDD24-305 | 171.40 | 172.00 | 0.60 | 21.5 | 6.78 | 2.76 | 9.54 | 0.01 | |
| | ||||||||||
| MZ58A | -75 | YKDD24-296 | 264.28 | 264.78 | 0.50 | 7.8 | 0.54 | 1.97 | 2.50 | 0.05 |
| *Hole YKDD24-302 was lost due to ground conditions and was re-drilled as hole YKDD24-302B. |
Summary
Cantex's directors are pleased that drilling at Massive Sulphide project continues to expand the strike length of the high-grade mineralization. The Company looks forward to the germanium results from the intervals reported in this release as well as the complete results from a further twelve holes at the Main Zone.