Mr. Charles Fipke reports
CANTEX RECEIVES SPECTACULAR SILVER-LEAD-ZINC DRILL RESULTS FROM THE NORTH RACKLA CLAIMS, YUKON
Cantex Mine Development Corp. has released drill results from the massive sulphide zone on its 100-per-cent-owned, 14,077-hectare North Rackla claim block.
Results received
Results have now been received for nine holes from this summer's diamond drill program. Final results are available from four holes that tested mineralization at the Discovery zone near the northeastern end of the massive sulphide zone. Provisional results are available for five holes at the extension zone 1,700 metres to the southwest. These results are provisional as they contain samples which either
exceed 30 per cent zinc or 20 per cent lead,
which is the limit of the analytical method used. There are 14 drill core samples totalling 12.05 metres containing over 30 per cent zinc as well as nine drill core samples totalling six metres containing over 20 per cent lead. These assays are being repeated using titration methods capable of analyzing up to 50 per cent zinc and 70 per cent lead, and will be released when received in about three weeks time.
Discovery zone results
Four holes testing the sulphide mineralization at the Discovery zone were completed during the summer drill program. Holes YKDD18-008 and YKDD18-009 were drilled at minus-63 degrees and minus-44 degrees, respectively, near the top of the slope and both intersected intensely weathered mineralization. The third hole, YKDD18-010, was drilled at minus-50 degrees from a second pad 79 metres in elevation below the upper pad. The fourth hole, YXDD18-011, was drilled at minus-50 degrees, a further 48 metres in elevation down the mountain. All the holes were drilled at an azimuth of approximately 165 degrees along a single section, perpendicular to the interpreted strike of the mineralization.
In the attached table, a summary of the significant intercepts of these four holes is presented.
Hole From (m) To (m) Length (m) Silver (ppm) Lead (%) Zinc (%)
YKDD18-008 12.00 13.00 1.00 1.99 0.04 4.05
19.56 20.56 1.00 2.17 0.09 2.52
22.71 24.71 2.00 16.33 3.29 4.74
YKDD18-009 16.32 24.62 8.30 27.05 2.53 3.72
including 17.32 18.32 1.00 61.60 11.10 7.18
and 20.32 21.32 1.00 47.70 7.53 7.15
and 23.92 24.62 0.70 32.20 1.04 8.58
YKDD18-010 1.15 13.25 12.10 18.75 2.27 7.36
including 1.15 5.25 4.10 43.49 5.24 14.27
135.65 136.35 0.70 10.80 0.27 2.16
YKDD18-011 111.05 111.85 0.80 72.20 0.34 0.97
As seen in the attached table, hole YKDD18-009 intersected 8.3 metres of oxidized mineralization, with three higher-grade zones measuring one metre containing up to 61.6 grams per tonne silver, 11.1 per cent lead and 7.18 per cent zinc.
Hole YKDD18-010 intersected a 12.1-metre mineralized zone, with a 4.1-metre higher-grade zone containing 43.49 g/t silver, 5.24 per cent lead and 14.27 per cent zinc.
Extension zone results
Drill testing beneath the strongly weathered mineralization encountered in previous drilling (see release dated April 7, 2017) intersected fresh sulphide mineralization. This fresh mineralization not only has higher grades, but also demonstrates the significant widths of the system at depth.
The five holes were drilled from the same location. Holes YKDD18-012, YKDD18-013 and YKDD18-014 were all drilled at an azimuth of 137 degrees and at dips of minus-60, minus-70 and minus-80 degrees, respectively. Hole YKDD18-015 was drilled at an azimuth of 102 degrees and a dip of minus-60 degrees. YKDD18-016 was drilled at an azimuth of 180 degrees and a dip of minus-60 degrees. These holes tested the main mineralization along a 56-metre strike length and to a depth of 190 metres below surface.
As presented in the attached table, each hole contained exceptional intercepts. Every hole contained samples which exceeded the upper limit of the assay technique of either 20 per cent lead or 30 per cent zinc. These samples are presently being reassayed and the results will further improve the provisional results available now.
Hole From (m) To (m) Length (m) Silver (ppm) Lead (%) Zinc (%) Provisional
YKDD18-012 100.87 113.87 13.00 150.6 7.85* 15.86* *
including 102.87 107.87 5.00 277.8 13.39* 29.68* *
134.74 141.74 7.00 22.0 1.23 8.27 -
YKDD18-013 77.18 79.28 2.10 14.7 0.98 3.06 -
121.45 133.82 12.37 158.0 6.04 16.96* *
including 123.35 129.00 5.65 207.5 7.43 29.20* *
155.10 157.12 2.02 19.5 1.02 3.14 -
YKDD18-014 177.40 179.40 2.00 46.5 0.18 0.49 -
183.40 205.40 22.00 122.6 6.74* 10.27* *
including 184.40 186.40 2.00 158.0 6.93 30.00* *
and 190.40 192.40 2.00 475.5 18.03* 13.73 *
YKDD18-015 124.28 133.28 9.00 67.2 5.37* 9.87* *
including 127.28 128.28 1.00 233.0 9.96 30.00* *
YKDD18-016 99.77 104.27 4.50 45.6 12.85* 1.74 *
106.27 114.90 8.63 142.1 10.19* 16.66* *
including 107.27 109.27 2.00 272.0 17.55* 25.99* *
and 111.27 112.77 1.50 210.0 14.37 26.47* *
* Results labelled provisional in the attached table contain samples which exceeded either 20 per cent lead or 30
per cent zinc. For the purposes of this table, these samples are deemed to have either 20 per cent lead or 30 per
cent zinc. Final results for the intervals will be provided when the titration results are received.
As presented in the attached table, hole YKDD18-012 contained two mineralized intervals, with one being a 13-metre interval of 150.6 g/t silver, 7.85 per cent lead and 15.86 per cent zinc. Within this interval was a five-metre section that contained 277.8 g/t silver, 13.39 per cent lead and 29.68 per cent zinc.
YKDD18-013 intersected three mineralized intervals. The most significant was 12.37 metres of 158 g/t silver, 6.04 per cent lead and 16.96 per cent zinc. Contained within this interval was a five-metre higher-grade section with 207.5 g/t silver, 7.43 per cent lead and 29.20 per cent zinc.
Hole YKDD18-014 intersected two mineralized intervals, including 22 metres of 122.6 g/t silver, 6.74 per cent lead and 10.27 per cent zinc. Within this interval were two higher-grade two-metre zones, which contained 158 g/t silver, 6.93 per cent lead and 30 per cent zinc, and 475.5 g/t silver, 18.03 per cent lead and 13.73 per cent zinc, respectively.
YKDD18-015 contained a nine-metre interval of 67.2 g/t silver, 5.37 per cent lead and 9.87 per cent zinc.
Hole YKDD18-016 contained two mineralized intervals two metres apart. The most significant was 8.63 metres of 142.1 g/t silver, 10.19 per cent lead and 16.66 per cent zinc.
A cross-section through holes YKDD18-012, YKDD18-013 and YKDD-014 is attached to this release. It also shows the results from three holes completed in late 2016, which intersected highly weathered mineralization near surface. Additional maps and sections are presented at the company's website.
Deposit style
Cantex has traced the mineralized zone for approximately three kilometres. The stratabound mineralization is contained within Proterozoic-age marine clastic rocks and contains elevated silver, lead, zinc and manganese. These are geological characteristics similar to other globally significant massive sulphide mines, such as the Sullivan mine in British Columbia as well as the Mount Isa and Broken Hill mines in Australia.
Quality controls/qualified person
The drill holes reported in this press release were drilled using HQ (63.5-millimetre) 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; these boxes were removed from the site and stored in a secure facility. The other one-half was sampled and placed into sealed bags, which were then placed into larger bags closed with security seals prior to being transported by commercial carrier to CF Mineral Research Ltd. in Kelowna, B.C.
At CF Mineral, the samples were dried prior to crushing to minus-10 mesh. The samples, which averaged over three kilograms, were then mixed prior to splitting off 800 grams. The 800-gram splits were pulverized to minus-200 mesh and a 250-gram split was sent for assay. Quality control procedures included the insertion of coarse quartz samples to assess the sample preparation. 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 or zinc values exceeded 1 per cent, the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20 per cent lead and 30 per cent zinc, respectively. Overlimit samples are presently being analyzed by titration methods Zn-VOL50 and Pb-VOL70.
The technical information and results reported here have been reviewed by Chad Ulansky, PGeol, a qualified person under National Instrument 43-101. Mr. Ulansky is responsible for the technical content of this release.
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