KELOWNA, BC, Oct. 29, 2018 /CNW/ - Cantex Mine Development
Corp. (CD: TSXV) (the "Company") is pleased to announce drill
results from the Massive Sulphide zone on its 100% owned 14,077
hectare North Rackla claim block.
Results Received
Results have now been received for nine holes from this summer's
diamond drill program. Final results are available from four
holes tested mineralization at the "Discovery Zone" near the
northeastern end of the Massive Sulphide zone. Provisional
results are available for five holes at the "Extension Zone" 1,700
metres to the southwest. These results are provisional as
they contain samples which either exceed 30% zinc or 20%
lead which is the limit of the analytical method used.
There are 14 drill core samples totaling 12.05 metres containing
over 30% zinc and 9 drill core samples totaling 6 metres containing
over 20% lead. These assays are being repeated using
titration methods capable of analysing up to 50% zinc and 70% lead
and will be released when received in about three weeks time.
Discovery Zone Results
Four holes testing the sulphide mineralization at the discovery
zone were completed during the summer drill program. Holes
YKDD18-008 and YKDD18-009 were drilled at -63o and
-44o respectively, near the top of the slope and both
intersected intensely weathered mineralization. The third
hole, YKDD18-010, was drilled at -50o from a second pad
79 metres in elevation below the upper pad. The fourth hole,
YXDD18-011, was drilled at -50o. a further 48 metres in
elevation down the mountain. All the holes were drilled at an
azimuth of approximately 165 degrees along a single section,
perpendicular to the interpreted strike of the mineralization.
In the following table a summary of the significant intercepts
of these four holes is presented.
Hole
|
From
(m)
|
To
(m)
|
Length1
(m)
|
Silver
(ppm)
|
Lead
(%)
|
Zinc
(%)
|
YKDD18-008
|
12.00
|
13.00
|
1.00
|
1.99
|
0.04
|
4.05
|
|
19.56
|
20.56
|
1.00
|
2.17
|
0.09
|
2.52
|
|
22.71
|
24.71
|
2.00
|
16.33
|
3.29
|
4.74
|
|
|
|
|
|
|
|
YKDD18-009
|
16.32
|
24.62
|
8.30
|
27.05
|
2.53
|
3.72
|
Including
|
17.32
|
18.32
|
1.00
|
61.60
|
11.10
|
7.18
|
and
|
20.32
|
21.32
|
1.00
|
47.70
|
7.53
|
7.15
|
and
|
23.92
|
24.62
|
0.70
|
32.20
|
1.04
|
8.58
|
|
|
|
|
|
|
|
YKDD18-010
|
1.15
|
13.25
|
12.10
|
18.75
|
2.27
|
7.36
|
Including
|
1.15
|
5.25
|
4.10
|
43.49
|
5.24
|
14.27
|
|
135.65
|
136.35
|
0.70
|
10.80
|
0.27
|
2.16
|
|
|
|
|
|
|
|
YKDD18-011
|
111.05
|
111.85
|
0.80
|
72.20
|
0.34
|
0.97
|
1
|
Note that lengths in
the above table are apparent widths and not true widths.
|
As seen in the above table hole YKDD18-009 intersected
8.30m of oxidized mineralization with
three higher-grade zones measuring one metre containing up to 61.6
g/t silver, 11.10% lead and 7.18% zinc.
Hole YKDD18-010 intersected a 12.1m mineralized zone with a 4.1m higher-grade zone containing 43.49g/t
silver, 5.24% lead and 14.27% zinc.
Extension Zone Results
Drill testing beneath the strongly weathered mineralization
encountered in previous drilling (see release dated April 7, 2017) intersected fresh sulphide
mineralization. This fresh mineralization not only has higher
grades, but also demonstrates the significant widths of the system
at depth.
The five holes were drilled from the same location. Holes
YKDD18-012, YKDD18-013 and YKDD18-014 were all drilled at an
azimuth of 137 degrees and at dips of -60, -70 and -80 degrees
respectively. Hole YKDD18-015 was drilled at an azimuth of
102 degrees and a dip of -60 degrees. YKDD18-016 was drilled
at an azimuth of 180 degrees and a dip of -60 degrees. These
holes tested the main mineralization along a 56m strike length and to a depth of 190m below surface.
As presented in the table below, each hole contained exceptional
intercepts. Every hole contained samples which exceeded the
upper limit of the assay technique of either 20% lead or 30%
zinc. These samples are presently being re-assayed and these
results will further improve the provisional results available
now.
Hole
|
From
(m)
|
To
(m)
|
Length1
(m)
|
Silver
(ppm)
|
Lead
(%)
|
Zinc
(%)
|
Provisional
|
YKDD18-012
|
100.87
|
113.87
|
13.00
|
150.6
|
7.85*
|
15.86*
|
*
|
Including
|
102.87
|
107.87
|
5.00
|
277.8
|
13.39*
|
29.68*
|
*
|
|
134.74
|
141.74
|
7.00
|
22.0
|
1.23
|
8.27
|
|
|
|
|
|
|
|
|
|
YKDD18-013
|
77.18
|
79.28
|
2.10
|
14.7
|
0.98
|
3.06
|
|
|
121.45
|
133.82
|
12.37
|
158.0
|
6.04
|
16.96*
|
*
|
Including
|
123.35
|
129.00
|
5.65
|
207.5
|
7.43
|
29.20*
|
*
|
|
155.10
|
157.12
|
2.02
|
19.5
|
1.02
|
3.14
|
|
|
|
|
|
|
|
|
|
YKDD18-014
|
177.40
|
179.40
|
2.00
|
46.5
|
0.18
|
0.49
|
|
|
183.40
|
205.40
|
22.00
|
122.6
|
6.74*
|
10.27*
|
*
|
Including
|
184.40
|
186.40
|
2.00
|
158.0
|
6.93
|
30.00*
|
*
|
and
|
190.40
|
192.40
|
2.00
|
475.5
|
18.03*
|
13.73
|
*
|
|
|
|
|
|
|
|
|
YKDD18-015
|
124.28
|
133.28
|
9.00
|
67.2
|
5.37*
|
9.87*
|
*
|
Including
|
127.28
|
128.28
|
1.00
|
233.0
|
9.96
|
30.00*
|
*
|
|
|
|
|
|
|
|
|
YKDD18-016
|
99.77
|
104.27
|
4.50
|
45.6
|
12.85*
|
1.74
|
*
|
|
106.27
|
114.90
|
8.63
|
142.1
|
10.19*
|
16.66*
|
*
|
Including
|
107.27
|
109.27
|
2.00
|
272.0
|
17.55*
|
25.99*
|
*
|
and
|
111.27
|
112.77
|
1.50
|
210.0
|
14.37
|
26.47*
|
*
|
1
|
Note that lengths in
the above table are apparent widths.
|
|
|
*
|
Provisional.
Results labelled "Provisional" in the above table contain samples
which exceeded either 20% lead or 30% zinc. For the purposes
of this table these samples are deemed to have either 20% lead or
30% zinc. Final results for the intervals will be provided
when the titration results are received.
|
As presented in the table above, hole YKDD18-012 contained two
mineralized intervals with one being a 13m interval of 150.6 g/t silver, 7.85% lead and
15.86% zinc. Within this interval there was a 5 metre section
that contained 277.8 g/t silver, 13.39% lead and 29.68%
zinc.
YKDD18-013 intersected three mineralized intervals. The
most significant was 12.37m of 158
g/t silver, 6.04% lead and 16.96% zinc. Contained within this
interval was a 5 metre higher grade section with 207.5 g/t silver,
7.43% lead and 29.20% zinc.
Hole YKDD18-014 intersected two mineralized intervals including
22 metres of 122.6 g/t silver, 6.74% lead and 10.27% zinc.
Within this were two higher grade two metre zones which contained
158.0 g/t silver, 6.93% lead, 30.00% zinc and 475.5 g/t silver,
18.03% lead, 13.73% zinc respectively.
YKDD18-015 contained a 9 metre interval of 67.2 g/t silver,
5.37% lead and 9.87% zinc.
Hole YKDD18-016 contained two mineralized intervals two metres
apart. The most significant was 8.63 metres of 142.1 g/t
silver, 10.19% lead and 16.66% zinc.
A cross section through holes YKDD18-012, YKDD18-013 and
YKDD-014 is attached to this release. It also shows the
results from three holes completed in late 2016 which intersected
highly weathered mineralization near surface. Additional maps
and sections are presented on the Company's website
www.cantex.ca.
Deposit Style
Cantex has traced the mineralized zone for approximately three
kilometres. The strata bound mineralization is contained
within Proterozoic age marine clastic rocks and contains elevated
silver, lead, zinc and manganese. These are geological
characteristics similar to other globally significant massive
sulphide mines such as the Sullivan Mine in British Columbia, and the Mount Isa &
Broken Hill Mines in Australia.
Quality Controls / Qualified Person
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 and these boxes were removed from site and is
stored in a secure facility. 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 by commercial
carrier to CF Mineral Research Ltd in Kelowna, BC.
At CF Minerals the samples were 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 the insertion of coarse quartz samples
to assess the sample preparation. 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. Over limit samples are presently being analyzed
by titration methods Zn-VOL50 and Pb-VOL70.
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
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SOURCE Cantex Mine Development Corp.