Cantex Mine Development Expands Silver-Lead-Zinc Discovery
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Exciting Developments at Cantex Mine Development Corp.
Cantex Mine Development Corp. (TSXV: CD, OTCQB: CTXDF) is thrilled to reveal significant advancements in their ongoing exploration efforts at the North Rackla Project. The company has confirmed an impressive extension of the drill-confirmed strike length of the Main Zone mineralization, an exciting achievement that underscores the project’s potential.
Major Drilling Extensions
In the most recent drill results, Cantex has reported an extension of 250 meters, bringing the drill confirmed strike length to a remarkable 2.6 kilometers. This increase indicates a thriving mineralization which is noteworthy not only for its length but also for its depth, which extends over 700 meters.
Insights from Recent Drilling
Since the resumption of drilling activities in late August, Cantex has successfully completed eight drill holes in the Discovery Sector of the Main Zone. Impressively, all of these drill holes have intersected the anticipated silver-lead-zinc +/- germanium mineralization. Notably, the geologists logging the core have reported encounters with up to 3% chalcopyrite within these mineralized zones, suggesting this part of the Main Zone may be near the central feeder of the mineralization.
Potential for Further Expansion
This discovery poses exciting possibilities for further extension of mineralization toward the northeast, potentially increasing the overall size and value of the project. As drilling continues with two active drill rigs, Cantex remains committed to exploring the Discovery Sector thoroughly.
Project Details and Company Focus
The North Rackla Project, wholly owned by Cantex, spans an impressive 20,000 hectares. The project is strategically located near an area known for its high-grade massive sulphide mineralization, creating ample opportunities for discovery.
Historical Context and Leadership
With over 60,000 meters of drilling already conducted, this project has yielded substantial finds of high-grade silver-lead-zinc-germanium mineralization, indicating a robust foundation for continuous exploration. Dr. Charles Fipke, a prominent figure in the mining industry and the founder of Canada’s first diamond mine, leads Cantex, ensuring expert oversight in developments and discoveries.
Future Prospects
As exploration continues, Cantex aims to deepen its understanding of the mineral potential in the North Rackla area. The current confirmed strike length, along with additional drilling, could further enhance Cantex’s position within the mining sector.
Frequently Asked Questions
What mineralization has Cantex found at the North Rackla Project?
Cantex has discovered high-grade silver-lead-zinc mineralization, along with germanium at their North Rackla Project.
How long is the confirmed strike length of the mineral zone?
The drill confirmed strike length of the Main Zone mineralization is now 2.6 kilometers.
What depth has Cantex drilled to at the project?
The mineralization extends to a depth of over 700 meters, indicating significant potential for further exploration.
What leadership does Cantex have?
Cantex is led by Dr. Charles Fipke, who is renowned for his contributions to the mining sector, especially as the founder of Canada's first diamond mine.
What are the future plans for Cantex's drilling activities?
Cantex plans to continue drilling in the Discovery Sector with additional holes to explore the mineralization potential even further.
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