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STATES./
KELOWNA, BC, June 26, 2019 /CNW/ - Cantex Mine Development
Corp. (CD: TSXV) (the "Company") is pleased to provide an
update on the work program on its 100% owned 14,077 hectare North
Rackla claim block.
Mobilization
All of the main components of the program are now on site.
A 32 man camp is now in place and operational. The drills are
on site along with the equipment needed to support the drill
program.
Drilling
Three drills are now on site and drilling has now commenced on
the Massive Sulphide Zone.
Geophysics
Ground gravity, electromagnetic and induced
polarization/resistivity surveys are now complete. 578
gravity measurements were taken, 31.8km of electromagnetic surveys
completed and 9.65km of induced polarization/resistivity undertaken
over the Massive Sulphide Zone. Results for these surveys are
awaited.
A helicopter-borne magnetic survey is scheduled to start in
early July.
These surveys are focused on determining the exact location of
the massive sulphide mineralization beneath a region covered in
glacial till between the Discovery and Extension zones. In
addition, the surveys are designed to test areas at the extremities
of the mineralized zone and a potential second mineralized zone
parallel to the Massive Sulphide Zone.
Geochemical Survey
Infill soil-talus sampling is being conducted adjacent to
previous geochemical anomalies throughout the North Rackla
property. Several of these anomalies have similar
characteristics to those over the Massive Sulphide Zone.
Summary
We expect that the 17,000 metre program should be completed by
the end of September. In 2016, drilling on the Massive
Sulphide Zone proceeded into December; with the camp now adjacent
to the drill sites, the drilling program will be completed this
year.
The Cantex team 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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SOURCE Cantex Mine Development Corp.