KELOWNA, BC, Nov. 16, 2016 /CNW/ - Cantex Mine
Development Corp. (CD: TSXV) (the "Company") is pleased to
announce that three holes have been completed from the same site
into an unexposed, talus-covered, oxidized massive sulfide zone
that strikes for at least 1,900m. The oxidized massive
sulfide zone analyzed 314 g/ton silver, 5.39% lead, 3.39% zinc and
0.66% copper in surface talus. This zone was intersected over
a 5 meter intercept at 12.2 meters, a 10 meter intercept at 14.0
meters and a 15 meter intercept at 18 meters in three drill holes
trending at 148 degrees azimuth, at 45 degree, 55 degree and 70
degree inclinations, respectively. The drill crew have
reported commencing another hole at 131 degree asmuth, at 55 degree
inclination from the same drill site.
The 63.5 mm and 50.7mm diameter sized drill core is in the
process of being shipped off site for detailed logging, splitting
in half, and assaying one half for gold, silver, copper, lead,
zinc.
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
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.