KELOWNA, BC, Nov. 2, 2021 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (the "Company") has released an
update on the work program at its 100-percent-owned 14,077 hectare
North Rackla claim block in the Yukon.
Dr. Charles Fipke reports:
Main Zone Drill Results
Drilling from pad MZ 51 located in the northeastern Discovery
Sector of the Main Zone extends the drill-confirmed strike length
of the massive sulphide deposit to 2.1km (see Figure 1). Hole
YKDD21-186 drilled at a dip of -61 degrees and an azimuth of 143
degrees intersected 4.8m of 6.06%
lead, 9.48% zinc and 43.37g/t silver including a 3.4m section containing 7.04% lead, 12.13% zinc
and 55.66 g/t silver (see Table 1). Hole 189 was drilled at
the same azimuth from the same pad with a dip of -80 degrees
intersected 4.38% lead, 6.41% zinc and 26.43 g/t silver over
8.2m true width with a 1.9m section assaying 13.43% lead, 11.29% zinc
and 71.29 g/t silver.
Five additional holes have been drilled from pad MZ51A which was
stepped back 130m to the northwest of
MZ51 to test the depth extent of the massive sulphide
mineralization intersected in MZ51. Hole YKDD21-200 drilled at
an azimuth of 143 degrees and a -70 degree dip intersected
5.1m of 10.17% lead, 9.43% zinc and
51.5 g/t silver over 5.1m true width
including a 3.1m section containing
16.66% lead, 14.97% zinc and 83.59g/t silver. Including the
6.5m intersection of massive
sulphides in hole YKDD21-201 (also drilled from pad MZ51A), the
holes analysed to date demonstrate the massive sulfide
mineralization intersected by these pads extends to a depth of
263m.
All of the foregoing massive sulphide intersections contain from
0.02% to 0.41% copper - in contrast to the Extension Sector, where
the massive sulphides are mostly barren of copper. Some
geologists theorize that high copper values are found proximal to
the central source from which the mineralizing fluids migrated
outward to areas of higher lead-zinc-silver grades. It appears that
this could be the situation at North Rackla, and as the deposit is
open northeast of pads MZ51 and MZ51A additional drilling to the
northeast is warranted.
In addition, all of the foregoing intersections contain between
1.53% and 4.85% manganese; and manganese is also present with the
massive sulphides as siderite (iron-rich carbonate). It is
possible that the manganese carbonates present could also be
recovered along with the massive sulfides, which could subsequently
be used in the new generation of batteries containing manganese
powering electric vehicles.
Drilling is also presently underway at the Central Sector of the
Main Zone in the vicinity of pads MZ30 and MZ36 (see Figure
1). A 3.5m true width
intersection of 6.17% lead-zinc with 36.82 g/t silver, 0.49% copper
and 3.85% manganese was obtained in hole YKDD21-190 drilled at an
azimuth of 155 degrees and a dip of -45 degrees from pad
MZ36. No assay results are yet available from holes YKDD21-193
and YKDD21-196 drilled from pad MZ36.
Table 1. Drill Results
Pad
|
Dip
|
Hole
|
From
(m)
|
To
(m)
|
Length
(m)
|
True
Width
(m)
|
Silver
(g/t)
|
Lead +
Zinc
(%)
|
Lead
(%)
|
Zinc (
%)
|
Copper
(%)
|
Manganese
(%)
|
MZ51
|
-55
|
YKDD21-183
|
67.50
|
68.00
|
0.50
|
0.5
|
11.10
|
5.28
|
0.88
|
4.40
|
0.02
|
2.60
|
|
|
82.25
|
86.60
|
4.35
|
3.9
|
24.68
|
12.10
|
5.18
|
6.92
|
0.03
|
4.85
|
|
|
103.50
|
104.00
|
0.50
|
0.5
|
17.60
|
2.34
|
1.63
|
0.71
|
0.17
|
1.06
|
|
|
182.60
|
183.60
|
1.00
|
0.9
|
8.85
|
4.30
|
0.11
|
4.19
|
0.02
|
1.24
|
|
|
|
|
|
|
|
|
|
|
|
|
-65
|
YKDD21-186
|
42.95
|
43.50
|
0.55
|
0.5
|
15.45
|
11.61
|
0.31
|
11.30
|
0.01
|
0.69
|
|
|
68.50
|
69.05
|
0.55
|
0.5
|
1.72
|
1.80
|
0.28
|
1.52
|
0.00
|
0.75
|
|
|
91.75
|
97.50
|
5.75
|
4.8
|
43.37
|
15.54
|
6.06
|
9.48
|
0.02
|
3.58
|
|
Including
|
91.75
|
95.90
|
4.15
|
3.4
|
55.66
|
19.17
|
7.04
|
12.13
|
0.03
|
2.83
|
|
|
106.00
|
106.50
|
0.50
|
0.4
|
24.70
|
0.46
|
0.19
|
0.27
|
0.42
|
1.44
|
|
|
|
|
|
|
|
|
|
|
|
|
-80
|
YKDD21-189
|
58.10
|
58.75
|
0.65
|
0.4
|
12.30
|
4.98
|
0.63
|
4.35
|
0.01
|
0.82
|
|
|
66.50
|
70.30
|
3.80
|
2.3
|
12.67
|
3.65
|
0.88
|
2.77
|
0.02
|
2.99
|
|
|
81.60
|
82.30
|
0.70
|
0.4
|
26.90
|
6.58
|
4.68
|
1.90
|
0.01
|
2.48
|
|
|
108.00
|
111.70
|
3.70
|
2.2
|
14.31
|
7.56
|
2.33
|
5.23
|
0.01
|
1.60
|
|
|
115.90
|
116.85
|
0.95
|
0.6
|
18.00
|
7.61
|
3.80
|
3.81
|
0.01
|
4.09
|
|
|
120.00
|
133.70
|
13.70
|
8.2
|
26.43
|
10.79
|
4.38
|
6.41
|
0.11
|
1.53
|
|
Including
|
130.60
|
133.70
|
3.10
|
1.9
|
71.29
|
24.72
|
13.43
|
11.29
|
0.41
|
2.31
|
|
|
158.65
|
159.15
|
0.50
|
0.3
|
22.50
|
11.81
|
1.01
|
10.80
|
0.03
|
0.68
|
|
|
169.50
|
170.00
|
0.50
|
0.3
|
88.40
|
27.15
|
11.35
|
15.80
|
0.05
|
0.25
|
|
|
174.30
|
174.85
|
0.55
|
0.3
|
15.10
|
6.33
|
0.97
|
5.36
|
0.02
|
0.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ30
|
-45
|
YKDD21-184
|
239.35
|
240.00
|
0.65
|
0.5
|
2.15
|
1.30
|
0.21
|
1.09
|
0.00
|
0.60
|
|
|
244.00
|
244.70
|
0.70
|
0.6
|
31.80
|
1.88
|
0.55
|
1.33
|
0.21
|
1.61
|
|
|
266.60
|
267.10
|
0.50
|
0.4
|
4.96
|
3.62
|
0.75
|
2.87
|
0.01
|
0.30
|
|
|
|
|
|
|
|
|
|
|
|
|
-60
|
YKDD21-185
|
140.10
|
140.85
|
0.75
|
0.5
|
1.36
|
2.70
|
0.49
|
2.21
|
0.02
|
0.76
|
|
|
148.60
|
151.00
|
2.40
|
1.4
|
14.53
|
1.85
|
0.46
|
1.39
|
0.11
|
2.64
|
|
|
155.00
|
156.50
|
1.50
|
0.9
|
14.32
|
8.76
|
2.14
|
6.62
|
0.03
|
2.04
|
|
|
|
|
|
|
|
|
|
|
|
|
-70
|
YKDD21-187
|
163.00
|
171.50
|
8.50
|
4.1
|
35.27
|
9.82
|
5.91
|
3.91
|
0.12
|
2.99
|
|
|
181.50
|
185.00
|
3.50
|
1.7
|
37.13
|
1.82
|
0.87
|
0.95
|
0.52
|
3.03
|
|
|
214.30
|
215.15
|
0.85
|
0.4
|
7.42
|
6.93
|
0.09
|
6.84
|
0.01
|
0.22
|
|
|
|
|
|
|
|
|
|
|
|
|
-80
|
YKDD21-188
|
87.30
|
87.80
|
0.50
|
0.1
|
20.50
|
1.14
|
1.07
|
0.07
|
0.00
|
0.26
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ36
|
-45
|
YKDD21-190
|
178.00
|
183.00
|
5.00
|
3.5
|
36.82
|
6.17
|
4.57
|
1.60
|
0.49
|
3.85
|
|
|
|
|
|
|
|
|
|
|
|
|
-57
|
YKDD21-193
|
No results
yet
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-67
|
YKDD21-194
|
286.80
|
289.80
|
3.00
|
1.1
|
39.52
|
4.84
|
3.24
|
1.60
|
0.10
|
1.90
|
|
|
291.95
|
292.45
|
0.50
|
0.2
|
3.30
|
2.66
|
0.39
|
2.27
|
0.01
|
1.02
|
|
|
296.25
|
296.95
|
0.70
|
0.3
|
13.80
|
3.89
|
0.98
|
2.91
|
0.04
|
3.21
|
|
|
298.50
|
299.00
|
0.50
|
0.2
|
1.50
|
2.38
|
0.13
|
2.25
|
0.00
|
0.64
|
|
|
324.45
|
329.00
|
4.55
|
1.7
|
23.64
|
6.57
|
3.14
|
3.43
|
0.04
|
4.00
|
|
|
333.00
|
333.50
|
0.50
|
0.2
|
20.20
|
21.39
|
0.49
|
20.90
|
0.07
|
1.00
|
|
|
337.50
|
339.00
|
1.50
|
0.6
|
7.54
|
2.17
|
1.19
|
0.98
|
0.02
|
2.24
|
|
|
404.95
|
409.00
|
4.05
|
1.5
|
35.11
|
2.51
|
2.50
|
0.01
|
0.01
|
3.35
|
|
|
438.15
|
438.65
|
0.50
|
0.2
|
34.20
|
0.03
|
0.01
|
0.02
|
0.46
|
1.54
|
|
|
|
|
|
|
|
|
|
|
|
|
-73
|
YKDD21-196
|
No results
yet
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ50A
|
-50
|
YKDD21-191
|
224.75
|
229.50
|
4.75
|
4.0
|
14.99
|
7.53
|
2.07
|
5.46
|
0.02
|
1.70
|
|
|
238.20
|
238.70
|
0.50
|
0.4
|
14.35
|
10.33
|
0.49
|
9.84
|
0.02
|
1.29
|
|
|
245.25
|
245.75
|
0.50
|
0.4
|
86.80
|
19.42
|
6.12
|
13.30
|
1.22
|
1.70
|
|
|
|
|
|
|
|
|
|
|
|
|
-45
|
YKDD21-192
|
211.30
|
213.60
|
2.30
|
2.0
|
62.34
|
16.69
|
7.34
|
9.35
|
0.50
|
1.00
|
|
|
215.80
|
217.80
|
2.00
|
1.8
|
5.95
|
3.01
|
0.44
|
2.57
|
0.00
|
1.22
|
|
|
231.20
|
231.80
|
0.60
|
0.5
|
5.53
|
3.28
|
0.48
|
2.80
|
0.02
|
0.48
|
|
|
251.00
|
253.00
|
2.00
|
1.8
|
43.82
|
4.87
|
0.67
|
4.20
|
0.70
|
1.07
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ51A
|
-45
|
YKDD21-195
|
154.00
|
160.00
|
6.00
|
6.0
|
20.20
|
10.10
|
3.31
|
6.79
|
0.03
|
2.49
|
|
|
|
|
|
|
|
|
|
|
|
|
-57
|
YKDD21-197
|
No results
yet
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-70
|
YKDD21-200
|
200.20
|
201.00
|
0.80
|
0.6
|
11.25
|
3.78
|
1.71
|
2.07
|
0.01
|
0.06
|
|
|
217.60
|
225.00
|
7.40
|
5.1
|
51.50
|
19.60
|
10.17
|
9.43
|
0.07
|
1.79
|
|
Including
|
217.60
|
222.00
|
4.40
|
3.1
|
83.59
|
31.63
|
16.66
|
14.97
|
0.12
|
2.64
|
|
|
241.70
|
242.55
|
0.85
|
0.6
|
8.30
|
2.28
|
0.84
|
1.44
|
0.04
|
1.95
|
|
|
291.15
|
291.65
|
0.50
|
0.3
|
1.80
|
1.57
|
0.08
|
1.49
|
0.00
|
0.26
|
|
|
|
|
|
|
|
|
|
|
|
|
-80
|
YKDD21-201
|
270.00
|
281.30
|
11.30
|
6.5
|
23.86
|
8.93
|
1.48
|
7.45
|
0.04
|
1.79
|
|
|
|
|
|
|
|
|
|
|
|
|
89.9
|
YKDD21-203
|
No results
yet
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MZ49A
|
-45
|
YKDD21-198
|
No results
yet
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CU01
|
-45
|
YKDD21-199
|
No results
yet
|
|
|
|
|
|
|
|
|
-45
|
YKDD21-202
|
No results
yet
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GZ01
|
-45
|
YKDD21-205
|
No results
yet
|
|
|
|
|
|
|
|
|
-65
|
YKDD21-206
|
No results
yet
|
Summary
Drill results received to date in the vicinity of pad MZ51 in
the northeast and MZ36 in the Central Sector demonstrate that the
contact between the siliciclastic and dolomite units persists from
the Extension Sector for 2.1km to pad MZ51 in the Discovery Sector.
The massive sulphides occur in the dolomite adjacent to this
contact. Our structural geologist, Chris Buchanan, has shown that this contact
extends further along strike to the northeast. It is probable that
additional drilling along this contact will not only demonstrate
that the mineralization persists over the 2.1km strike length but
also continue to extend the strike length of the mineralization
beyond 2.1km.
Chris Buchanan has also shown
that the contact and the massive sulphide mineralization are
locally displaced by steeply dipping northeast trending faults that
displace the contact and massive sulphides up to 25m. Mr. Buchanan has indicated he will attempt
to reconcile the presence and absence of massive sulphide
intersections in the drilling to his mapped surficial faults and
the fault zones intersected in drill core once this year's drilling
and assaying are complete.
The foregoing results of this release and the results of
previous releases are consistent with the North Rackla massive
sulphides delineated to date to be a part of a large high-grade
world class silver-lead-zinc deposit. As the drilling on the
project continues the Company's directors look forward to the
coming 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
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. Information set forth in this news
release includes forward-looking statements under applicable
securities laws. Forward-looking statements are statements that
relate to future, not past, events. In this context,
forward-looking statements often address expected future business
and financial performance, and often contain words such as
"anticipate", "believe", "plan", "estimate", "expect", and
"intend", statements that an action or event "may", "might",
"could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical
fact, included herein are forward-looking statements. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other 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 financial statements or other
reports and filings with Canadian securities regulators. Forward
looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the
respective companies undertake no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.
SOURCE Cantex Mine Development Corp.