KELOWNA, BC, April 7, 2017
/CNW/ - Cantex Mine Development Corp. (CD: TSXV) (the
"Company") is pleased to report results from all eight core holes
drilled in late 2016 testing an oxidized massive sulphide zone that
has been traced for at least 1,900 metres with surface
sampling.
All eight holes intersected the oxidized massive sulphide
zone. The first seven holes were collared at the same
location while the eighth hole was collared 97 metres to the
northeast. Selected results are presented in the following
table:
Core
Hole
#
|
Azimuth
|
Inclination
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ag
(g/t)
|
Cu
(%)
|
Pb
(%)
|
Zn
(%)
|
Mn
(%)
|
1
|
148o
|
-45o
|
13.7
43.1
|
17.5
43.6
|
3.8
5.4
|
15.7
21.4
|
0.04
0.01
|
0.48
2.67
|
2.90
2.68
|
3.63
3.02
|
2
|
148o
|
-55o
|
18.0
74.0
|
20.2
74.5
|
2.2
0.5
|
59.9
20.0
|
0.35
0.01
|
0.31
2.62
|
0.96
2.34
|
3.23
0.23
|
3
|
148o
|
-70o‑
Including
and
|
23.4
24.8
25.15
53.9
|
29.0
25.15
26.0
54.1
|
5.6
0.35
0.85
0.2
|
214.3
242.0
1040.0
31.0
|
0.70
0.22
3.60
0.04
|
2.22
29.66
0.78
3.20
|
1.11
2.49
1.00
8.65
|
3.39
2.80
2.96
4.03
|
4
|
129o
|
-55o
|
19.7
73.8
|
21.0
74.2
|
1.3
0.4
|
90.0
10.6
|
0.88
0.01
|
1.21
1.23
|
0.61
4.71
|
2.26
2.65
|
5
|
129o
|
-70o
Including
|
24.0
26.6
57.0
|
28.6
27.6
59.0
|
4.6
1.0
2.0
|
101.7
402.0
40.0
|
0.32
1.28
0.04
|
2.38
8.91
4.41
|
1.35
4.20
2.72
|
2.85
2.50
3.18
|
6
|
129o
|
-80o
Including
Including
|
22.95
33.0
36.9
43.7
44.8
|
27
38.7
37.6
48.1
45.8
|
4.05
5.7
0.7
4.4
1.0
|
21.1
136.9
432.0
48.9
90.6
|
0.02
0.37
0.75
0.02
0.02
|
2.12
2.80
21.56
5.35
10.20
|
1.79
0.83
1.92
5.99
9.42
|
4.24
3.05
2.76
4.97
4.50
|
7
|
163o
|
-70o
Including
|
25.0
26.8
51.6
109.4
118.0
|
28.5
28.5
52.85
110.2
118.6
|
3.5
1.7
1.3
0.8
0.6
|
119.4
161.2
258.0
13.2
11.0
|
0.18
0.25
0.62
0.01
0.01
|
7.60
15.39
4.29
2.21
1.91
|
2.23
4.13
7.63
5.39
5.38
|
3.17
2.86
1.96
1.29
1.48
|
8
|
162o
|
-50o
|
51.0
133.6
151.0
|
53.5
134.7
151.8
|
2.5
1.1
0.8
|
131.4
19.9
6.5
|
0.73
0.06
0.01
|
0.74
1.32
0.26
|
0.66
1.17
7.16
|
2.45
1.22
0.32
|
Following logging the core was split, with half being retained
for future reference. The other half of the core was crushed
and pulverized at CF Mineral Research Ltd. in Kelowna, BC prior to a representative split
being sent to ALS Chemex Ltd in North
Vancouver, BC for analysis. All samples were assayed
using the ME-MS61 technique. Where the assays exceeded the
upper limit of the ME-MS61 technique the relevant OG62 technique
was used. Where lead analyses exceeded the 20 percent upper
limit of OG62 the Pb-VOL70 technique was used.
Cantex is encouraged by the high grade nature of many of the
intercepts, with silver values up to 1,040 g/t, copper up to 3.60%,
lead up to 29.66%, and zinc up to 9.42%.
"The high manganese values, up to 4.97%, associated with the
massive sulphide mineralization is consistent with the
mineralization being emplaced either as a fault-controlled
polymetallic vein system or possibly as sulphide feeder zones
related to vent mineralization along submarine faults," commented
consulting geologist Dr. Trygve
Hoy. "Further work, including drilling along strike
and to deeper levels into primary sulphide mineralization, will
help to further evaluate and test these models, and to better
define the extent of mineralization along the 1,900+ metre fault
controlled oxidized massive sulphide zone." Drilling along
strike in areas of anomalous copper and silver may assist in
discovering any feeder vents present where higher grades of
mineralization would be anticipated.
A map illustrating the positions of all the foregoing holes is
available on our website at www.cantex.ca.
This summer Cantex intends to complete sampling and core
drilling on the North Rackla claims, including on the high
priority gold targets. A HQ core drill and a Rotary Air Blast
drill were left on site to accomplish these objectives.
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.