Massive Sulphides Continue to be Intersected to Depth at Northeast End of Main Zone. Source: Cantex Mine Development Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cantex Mine Development Corp. (CD) provided an update on drilling of the Main Zone at its North Rackla claim block in Yukon
  • Work at its 100-per cent-owned 140 square kilometre project has seen massive sulphides intersected from drilling at pad MZ 52A, while drilling from pad MZ 52 extend to depth
  • Hole YKDD22-241 intersected several zones containing massive to semi-massive sulphide mineralization at the extreme northeastern end of the 2.15 kilometre long Main Zone
  • Shares of Cantex (CD) were trading steady at $0.275 as of 9:30 am ET

Cantex Mine Development Corp. (CD) provided an update on drilling of the Main Zone at its North Rackla claim block in Yukon.

Work at its 100-per cent-owned 140 square kilometre project has seen massive sulphides intersected from drilling at pad MZ 52A, while drilling from pad MZ 52 extend to depth.

Hole YKDD22-241 intersected several zones containing massive to semi-massive sulphide mineralization at the extreme northeastern end of the 2.15 kilometre long Main Zone.

The most significant of these are from 154.75 to 160.1 metres (5.35 metres) and 183.5 to 189.95 metres (6.45 metres). This last zone is 124 metres vertically below surface.

The company continues drilling at this northeastern end, the Discovery Target, of the Main Zone.

The core has been split and is being shipped to CF Minerals in Kelowna, British Columbia for sample preparation prior to being sent to ALS Chemex in Vancouver for analysis.

Cantex Mine Development Corp. (CD) is a Canada-based exploration stage company.

Shares of Cantex (CD) were trading steady at $0.275 as of 9:30 am ET.

More From The Market Herald

" Solstice Gold Corp. (TSXV:SGC) upsizes private placement

Solstice Gold Corp. (SGC) has upsized its previously announced non-brokered private placement for gross proceeds of $3M.

" Tudor Gold Corp. (TSXV:TUD) announces fourth amended and restated arrangement agreement

Tudor Gold Corp. (TUD) has signed an amended and restated arrangement agreement with subsidiary Goldstorm Metals Corp.
Mandalay Resources - President and CEO, Dominic Duffy.

" Mandalay Resources (TSX:MND) completes sale of the Challacollo Project

Mandalay Resources (MND) has completed the sale of Minera Mandalay Challacollo Limitada (MMC) to Aftermath Silver Inc.
Exploits Discovery Corp. - President & CEO, Jeff Swinoga.

" Exploits Discovery Corp. (CSE:NFLD) closes non-brokered private placement

Exploits Discovery Corp. (NFLD) has closed its previously announced non-brokered private placement for gross proceeds of $1,500,399.