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CANTEX INTERSECTS AN OUTSTANDING 89.25 METRES OF MINERALIZATION AT ITS NORTH RACKLA DRILL PROJECT AND CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
CANTEX INTERSECTS AN OUTSTANDING 89.25 METRES OF MINERALIZATION AT ITS NORTH RACKLA DRILL PROJECT...
About this update from Cantex Mine Development Corp.
[{"type":"text","content":"\n \n \n \n CANTEX INTERSECTS AN OUTSTANDING 89.25 METRES OF MINERALIZATION AT ITS NORTH RACKLA DRILL PROJECT AND CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n KELOWNA, BC\n \n \n ,\n \n \n Nov. 22, 2023\n \n \n /CNW/ -\n \n Cantex Mine Development Corp.\n \n (TSXV: CD), (OTCQB: CTXDF)  (the \"Company\") is pleased to report that a 89.25 metre intersection of strong mineralization has been encountered at the Main Zone of the silver-lead-zinc-germanium Massive Sulphide project.  The Company also is closing a final tranche of its financing.\n \n \n \n \n \n \n \n \n \n \n Main Zone Drilling\n \n \n \n Hole YKDD23-285 was the final hole from the fall 2023 drill program. This hole contained an exceptional intercept from 416.75 to 506 metres depth drilled from pad MZ33 at a -85-degree dip and 166 degree azimuth (see Figures 1 and 2 for a map and cross section respectively)\n \n \n Split core from this hole has been submitted to the CF Mineral Research, an ISO/IEC 17025:2005 accredited laboratory for preparation prior to being sent to ALS Chemex Laboratories in\n \n North Vancouver\n \n for analysis for silver-lead-zinc.  Polished sections will be submitted to the\n \n University of British Columbia\n \n Okanagan for germanium analysis.  All of the foregoing results as well as germanium results from samples already submitted will be reported when received.\n \n \n \n Financings Complete\n \n \n \n The Company announces that, further to its news release of\n \n September 20, 2023\n \n and\n \n October 19, 2023\n \n announcing a private placement (the \"Offering\"), the Company has closed the final tranche of the Offering (\"the Final Tranche\") and has received\n \n $2,902,120\n \n by the issuance of 6,833,734 flow through units (the \"FT Units\") and 3,276,923 non flow-through units (the \"Units\").  FT Units were issued at\n \n $0.30\n \n per FT Unit and Units were issued at\n \n $0.26\n \n per Unit; each FT Unit is comprised of a flow through share and on...