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CANTEX CONTINUES TO INTERSECT MASSIVE SULPHIDES TO DEPTH AT NORTHEAST END OF MAIN ZONE ON ITS 100% OWNED NORTH RACKLA PROJECT, YUKON

CANTEX CONTINUES TO INTERSECT MASSIVE SULPHIDES TO DEPTH AT NORTHEAST END OF MAIN ZONE ON ITS 100% OWNED NORTH RACKLA PROJECT, YUKON
Canada NewsWire
KELOWNA, BC, July 21, 2022

KELOWNA, BC, July 21, 2022 /CNW/ – Cantex Mine Development Corp. (TSXV: …

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CANTEX CONTINUES TO INTERSECT MASSIVE SULPHIDES TO DEPTH AT NORTHEAST END OF MAIN ZONE ON ITS 100% OWNED NORTH RACKLA PROJECT, YUKON

Canada NewsWire

KELOWNA, BC, July 21, 2022 /CNW/ – Cantex Mine Development Corp. (TSXV: CD) (the “Company”) is pleased to provide an update on drilling of the Main Zone at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon.

Dr. Charles Fipke reports

Massive Sulphides Continue to be Intersected to Depth at Northeast End of Main Zone

Drilling from pad MZ 52A (see Figure 1) demonstrates the massive sulphides intersected while drilling from pad MZ 52 (see release dated July 13, 2022) extend to depth. 

Hole YKDD22-241 intersected several zones containing massive to semi-massive sulphide mineralization at the extreme northeastern end of the 2.15km long Main Zone.  The most significant of these are from 154.75 to 160.1 metres (5.35m) and 183.5 to 189.95m (6.45m).  This last zone is 124 metres vertically below surface.

The Company continues drilling at this northeastern end (Discovery Target) of the Main Zone. 

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

The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geo., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.

Signed,

Charles Fipke

Charles Fipke

Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks identified in the management discussion and analysis section of the Company’s interim and most recent annual financial statements or other reports and filings with Canadian securities regulators. Forward looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

SOURCE Cantex Mine Development Corp.

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