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KELOWNA, BC, April 15, 2019 /CNW/ - Cantex Mine Development
Corp. (CD: TSXV) (the "Company") is pleased to announce the
commencement of the upcoming work program on its 100% owned 14,077
hectare North Rackla claim block.
Mobilization
With the successful completion of the $15
million financing Cantex will now be commencing its 2019
exploration program. The Company will begin mobilizing
equipment and supplies on Monday, April
15th in support of the geophysical program.
Geophysics
Ground gravity, electromagnetic, resistivity and magnetic
surveys are planned over 1 km2 covering 2.3 kilometres
of the strike length of the massive sulphide zone. These
surveys will be focused on determining the exact location of the
massive sulphide mineralization beneath a region covered in glacial
till between the Discovery and Extension zones. The results
will be used to fine tune the proposed drill program as well as
test areas at the extremities of the mineralized zone.
Drilling
Three diamond drills will be utilized on the project this
year. These drill rigs will be tasked with completing a 75
hole, 17,000 metre drill program on the massive sulphide zone and a
three hole 1,000 metre program at the northern gold area.
Drilling will commence once field conditions allow, which is
anticipated to be in late May.
Summary
The Directors are exceedingly optimistic about the summer
program and look forward to better defining the subsurface extent
of the 2.4 kilometre long massive sulphide zone which has been
identified by soil-talus sampling, prospecting, trenching and
drilling.
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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about the terms and completion of the proposed sale transaction are
forward-looking statements. By their nature, forward-looking
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factors which may cause the actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, risks identified in the management discussion and
analysis section of the Company's interim and most recent annual
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SOURCE Cantex Mine Development Corp.