Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Cantex Mine Development Corp.
Project name: North Rackla
Location: Canada
Commodities: Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 6.0m @ 9.0g/t Ag, 0.4% Pb, 13.65% Zn, 0.03% Cu from 21.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Kelowna, Canada – April 26, 2022 – Cantex Mine Development Corp. (CD: TSXV) (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 that the final 2021 drill results are now available: GZ Zone Drill Results Drilling at the GZ Zone continues to return high‐grade intercepts of silver‐lead‐zinc mineralization. Further drilling from pad GZ02D, from which hole YKDD21‐209 intersected 16.05 metres of 23.95% combined lead and zinc with 101g/t silver and 9.1m of 17.78% combined lead and zinc with 53g/t silver (see news release dated February 16, 2022), intersected 6.0 metres of 14.05% combined lead and zinc with 9 g/t silver in hole YKDD21‐210. Drill pad locations are presented in Figure 1. Drilling from pad GZ02E (hole YKDD21‐213) intersected 4.5 metres of 17.63% lead‐zinc and 28 g/t silver. Hole YKDD21‐214 collared on pad GZ03E intersected 3.95 metres of 12.86% lead‐zinc with 13 g/t silver (see Table 1). Table 1. GZ Zone Drill Results. Drilling at the Main Zone continues to return high‐grade intercepts of silver‐lead‐zinc mineralization. From pad MZ32 hole YKDD21‐208 intersected 3.15 metres of 19.00% combined lead‐zinc (see Table 2). Hole YKDD21‐204 from pad MZ34 intersected a 1 metre interval containing 245 g/t silver and hole YKDD21‐203 (pad 51A) intersected 3.4 metres of 13.39% combined lead‐zinc.
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