Cantex Mine Development Corp., a mining company traded on the TSXV and OTCQB, headquartered in Kelowna, BC, released promising results from its 2024 drilling program. The company reported significant copper and silver mineralization found in four of the five holes drilled at the Copper Project on the western side of North Rackla property.
Assays from holes YKDD24-287, 288, and 289 indicated notable copper mineralization, such as 2.9 meters of 4.54% copper in hole YKDD24-287 and 13 meters of 0.86% copper in hole YKDD24-288. At the drilling site, the potential for an extensive and high-grade discovery was observed, prompting a geophysical survey to target future drilling locations accurately.
Prior to pausing work at the Main Zone of the Massive Sulphide project at North Rackla at the request of the First Nation of Na-Cho Nyäk Dun (FNNND), nine holes were completed, and results are pending. After temporarily suspending operations to allow FNNND to focus on another project, Cantex is set to resume drilling activities at the North Rackla site.
The core samples collected during drilling were analyzed through meticulous preparation and testing procedures to ensure accuracy and reliability. The processed samples were tested at an accredited laboratory in Kelowna, BC, using industry-standard methods.
With Dr. Charles Fipke leading the company, Cantex is dedicated to its North Rackla Project, which has displayed significant high-grade massive sulphide mineralization. The exploration efforts have delineated extensive mineralization, with opportunities for expansion along strike and at depth. The technical content of this release was reviewed by Mr. Chad Ulansky, a Qualified Person under National Instrument 43-101.
This press release may contain forward-looking statements, which are based on management’s beliefs and expectations and should not be solely relied upon for investment decisions. The company disclaims any obligation to update forward-looking statements based on changing circumstances.
