Business
Cantex Announces 48 Gold and Base Metal Discoveries on North Rackla Claims in the Yukon
Cantex Announces 48 Gold and Base Metal Discoveries on North Rackla Claims in the Yukon ...
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n\n\n\nCantex Announces 48 Gold and Base Metal Discoveries on North Rackla Claims in the Yukon\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nKELOWNA, BC, July 9, 2020\n\n\n\nKELOWNA, BC, July 9, 2020 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the \"Company\") has released an update on the work program at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon.\n\n \n \n \n \n \n \n\n \nWhile the Company is working on defining drill targets for its massive sulphide drill program, which is expected to commence in early August, the Company has identified 48 new discoveries of gold and base metals. \nDr. Charles Fipke reports\nHIGHLIGHTS\n48 areas anomalous in gold and/or base metals discovered at North Rackla Anomalous areas range in size up to 15.7 hectares Prospecting, rock sampling and geologic mapping readying the areas for drill testing Drilling of these new discoveries contemplated for late 2020 or 2021Forty-Eight New Discoveries of Gold and Base Metals at North Rackla \nThe Company's wholly owned, large (14,077 hectare) North Rackla claim block, shown in Map 1, is drained by streams anomalous in gold, copper, lead, zinc and silver as determined by our heavy mineral stream sampling.  This same heavy mineral stream sampling technique was used to detect four Carlin-style gold deposits now in production. \nMost of the anomalous drainages were initially soil-talus sampled on lines spaced 200 metres apart perpendicular to the dominant geologic trend.  Each sample is an approximately 1.5kg composite of soil and talus collected every 5 metres over a 25 metre interval.  The samples are sent to C.F. Mineral Research Ltd., a laboratory owned by Dr. Charles Fipke, where they are pulverized and prepared for analysis including the insertion of standards.  ALS Chemex conducts the analyses for 49 elements by ICP Mass Spectroscopy.\nIn anomalous areas the sampling density is increased; additional infill lines are completed on either 50 or 100 metre spacing.  To date, 24,658 ...