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Cantex Mine Development Corp.
Summary
| Project: | North Rackla | |
|---|---|---|
| Deposit: | North Rackla | |
| Location: | Canada | |
| Commodities: | Silver-Copper-Lead-Zinc-Manganese | |
| Date: | 4/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-4-2017: Cantex Mine Development Corp. announces an Exploration/Drilling Update report for its North Rackla deposit at the North Rackla project. Drilling results incl. 5.6 m @214.3g/t Ag, 0.7% Cu, 2.22% Pb, 1.11% Zn, 3.39% Mn from 23.4m. Cantex Mine Deve | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chad Ulansky (Internal) | |
| ABSTRACT: | Cantex Mine Development Corp. (CD: TSXV) (the "Company") is pleased to report results from all eight core holes drilled in late 2016 testing an oxidized massive sulphide zone that has been traced for at least 1,900 metres with surface sampling. All eight holes intersected the oxidized massive sulphide zone. The first seven holes were collared at the same location while the eighth hole was collared 97 metres to the northeast. Cantex is encouraged by the high grade nature of many of the intercepts, with silver values up to 1,040 g/t, copper up to 3.60%, lead up to 29.66%, and zinc up to 9.42%. "The high manganese values, up to 4.97%, associated with the massive sulphide mineralization is consistent with the mineralization being emplaced either as a fault-controlled polymetallic vein system or possibly as sulphide feeder zones related to vent mineralization along submarine faults," commented consulting geologist Dr. Trygve Hoy. "Further work, including drilling along strike and to deeper levels into primary sulphide mineralization, will help to further evaluate and test these models, and to better define the extent of mineralization along the 1,900+ metre fault controlled oxidized massive sulphide zone." Drilling along strike in areas of anomalous copper and silver may assist in discovering any feeder vents present where higher grades of mineralization would be anticipated. | |
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