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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 km of strike length and 700 meters depth. It has a 100% interest in four mineral properties in Nevada. It has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Al Hariqah is a near-surface gold deposit located about 130 km northwest of Sana’a, Yemen. The Al Masna’a nickel, copper, cobalt project is located in the Saadah region some 205 km north-northwest of the capital city, Sana’a.


TSXV:CD - Post by User

Comment by Dave4444on Sep 10, 2019 7:54pm
175 Views
Post# 30114806

RE:RE:RE:RE:Expands Prospective Strike Length to 4km

RE:RE:RE:RE:Expands Prospective Strike Length to 4km So what information exists for the holes outside the dike zone, well here are indications from the previous news release and they look very promising:

1)  "Moving along strike further to the northeast, heavy sulphide mineralization has been logged in a fan of four drill holes from Pad 26, located 625 metres northeast of Pad 6."

So 4 holes awaiting assays from pad 26 and akk hit "heavy sulphide mineralization".

2) "To the southwest, along strike from Pad 6, drilling in 2019 has been conducted from Pads 5, 4 and 3 which are 32, 82 and 129 metre step-outs respectively from Pad 6. From Pad 5, holes YKDD19-039, YKDD19-040, YKDD19-042 and YKDD19-043 were drilled at an azimuth of 150 degrees.  An additional hole from Pad 5 was drilled at a -88 degree dip which also intersected heavy massive sulphides between 103 and 135 metres for which assays are awaited.  The mineralization in the shallowest hole, YKDD19-039, was oxidized as reflected in its lower metal content.  As shown in the results table, exceptional silver, lead and zinc values continue to be intersected in fresh mineralization along strike to the southwest of the Main Zone."

So at least one hole in this batch has 32 meters of heavy massive sulphides.

3) "Similar fans of five holes were completed from each of Pads 4 and 3.  Heavy massive sulphides were logged in all ten holes and results are awaited.

So we know another 10 holes also have massive heavy sulphides.
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