KELOWNA, BC, Feb. 1, 2021 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (the "Company") has released an
update on the work program at its 14,077 hectare North Rackla claim
block where drill results continue to define a lead-zinc-silver
mineralized system with Broken Hill Type (BHT) affinities.
Dr. Chuck Fipke reports
HIGHLIGHTS
- Hole YKDD20-174, drilled at the GZ Zone intersects 4.05 metres
of 39.39% lead-zinc with 130 g/t silver within an 8.95 metre
interval containing 22.77% lead-zinc and 76.4 g/t silver.
GZ ZONE RESULTS
Assay results have been received for three holes drilled from
pad GZ02 at the GZ Zone. As presented in Table 1, a
high-grade interval was intersected in hole YKDD20-174, drilled at
a -45 degree dip, which contained 32.14% zinc, 7.25% lead and 130
g/t silver. This was contained within an 8.95 metre zone
which contained 18.08% zinc, 4.69% lead and 76.4 g/t silver.
The directors are most encouraged by this exceptionally
high-grade silver-lead-zinc intersection in a new area covered in
glacial till 550 metres southeast of the high-grade extension zone.
This exceptionally high grade (which is 1,182 g/ton silver
equivalent, calculated using metal prices of $1.16/lb zinc, $0.91/lb lead and $28.60/oz silver) is equivalent to the high-grade
intersections into the 2.1 km long Discovery zone which have
yielded grades exceeding the average grade of any large
silver-lead-zinc mine (see news releases from November 5, 2019; January
30, 2020; and October 28,
2020).
Hole YKDD20-175 also contained a 2.8 metre interval which
contained 11.96% zinc, 3.52% lead and 39.5 g/t silver. As
limited drilling conducted to date into the GZ Zone covered in
overburden has yet to determine the orientation of the
mineralization, true widths can not yet be determined. Lengths in
this release refer to core lengths.
MAIN ZONE RESULTS
Results from one hole drilled at the Main Zone have been
received. Several small intercepts of mineralization were
encountered in hole YKDD20-165 with two intercepts containing over
15% lead-zinc.
Table 1. Drill results
Pad
|
Dip
|
Hole
|
From
|
To
|
Length
|
Silver
|
Lead
+
|
Lead
|
Zinc
|
Copper
|
Mn
|
|
|
|
|
Zinc
|
|
|
|
|
(m)
|
(m)
|
(m)
|
(g/t)
|
(%)
|
(%)
|
(%)
|
(%)
|
(%)
|
GZ02
|
-45
|
YKDD20-174
|
68.95
|
69.45
|
0.50
|
25.3
|
10.88
|
2.06
|
8.82
|
0.00
|
0.29
|
|
|
|
73.15
|
82.10
|
8.95
|
76.4
|
22.77
|
4.69
|
18.08
|
0.01
|
0.52
|
|
|
Including
|
76.25
|
80.30
|
4.05
|
130.0
|
39.39
|
7.25
|
32.14
|
0.01
|
0.22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-55
|
YKDD20-175
|
82.10
|
84.90
|
2.80
|
39.5
|
15.48
|
3.52
|
11.96
|
0.04
|
0.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-65
|
No significant
results
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ0X
|
-65
|
YKDD20-165
|
421.80
|
422.30
|
0.50
|
9.6
|
3.81
|
2.60
|
1.21
|
0.01
|
1.04
|
|
|
|
465.25
|
465.90
|
0.65
|
75.9
|
15.43
|
11.60
|
3.83
|
0.03
|
2.48
|
|
|
|
484.60
|
485.10
|
0.50
|
11.9
|
3.39
|
3.22
|
0.17
|
0.01
|
1.42
|
|
|
|
587.10
|
587.60
|
0.50
|
25.5
|
15.78
|
14.30
|
1.48
|
0.04
|
3.48
|
The Company continues to be impressed with the results from the
Massive Sulphide project, where drilling of hidden targets defined
by extrapolating geological mapping are being tested. Samples
from an additional 13 holes from the 2020 drill program have been
submitted for assay and the results will be released as soon as
received.
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. 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 to CF Mineral Research
Ltd. in Kelowna, BC.
At CF Minerals the drill core was 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 running a barren sand sample through
both the crusher and pulveriser between each sample to ensure no
inter-sample contamination occurred. 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,
zinc or copper values exceeded one percent the Pb-OG62, Zn-OG62 or
Cu-OG62 techniques were used. These have upper limits of 20%
lead, 30% zinc and 50% copper, respectively. Samples with
lead and zinc values over these limits were then analyzed by
titration methods Pb-VOL70 and Zn-VOL50. Where silver samples
exceeded 100 g/t the Ag-OG62 technique was used which has an upper
limit of 1,500 g/t. The over limit analyses contributed
to delays in receiving final assay results.
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.