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Cantex Mines starts exploration program at North Rackla in Yukon

Mining News - Published on Mon, 22 Apr 2019

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Cantex Mine Development Corp announced the start of a 2019 exploration program at North Rackla that is slated to include sampling, geophysics and 18,000 meters of drilling at this high-grade zinc-silver project in the Yukon. Following a successful drill program in 2018, Cantex raised CAD 15 million this spring to fund its 2019 exploration that will focus primarily on Massive Sulphide, a zone where last year's drilling encountered 3.2 meters of 40.2% zinc and 207.5 grams per metric ton silver. Massive Sulphide zone, which includes the Discovery and Extension subzones, has been traced for nearly 2,500 meters across the North Rackla property. With three drills turning, Cantex Mine Development plans to test Massive Sulphide with roughly 17,000 meters of drilling in around 75 holes. The company plans to complete another 1,000 meters in three holes at the Northern gold area.

Last year's drilling encountered exceptionally high-grade mineralization at Extension

Hole YKDD18-012 cut 9.19 meters averaging 18.04 percent zinc, 8.09 percent lead, 3.67 percent manganese and 150.6 g/t silver. A 3.54-meter section of this longer interval averaged 35.36 percent zinc, 14.01 percent lead, 3.07 percent manganese and 277.8 g/t silver.

YKDD18-013 cut 7.1 meters averaging 23.12 percent zinc, 6.04 percent lead, 1.58 percent manganese and 158 g/t silver. A 3.24-meter section of this interval averaged 40.24 percent zinc, 7.43 percent lead, 1.76 percent manganese and 207.5 g/t silver.

YKDD18-014 cut 9.3 meters averaging 10.97 percent zinc, 7.33 percent lead, 4.7 percent manganese and 122.6 g/t silver.

YKDD18-015 cut 5.21 meters averaging 10.48 percent zinc, 5.48 percent lead, 4.17 percent manganese and 67.2 g/t silver.

The North Rackla property is located about 20 kilometersnorth of ATAC Resources Ltd.'s Rackla Gold property in the Yukon. Cantex has 100% ownership of several projects in Canada’s mining friendly Yukon Territory.

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Posted By : Rabi Wangkhem on Mon, 22 Apr 2019
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