Cantex Mines Development (TSXV: CD; OTCQB: CTXDF) has begun its summer drilling program at the North Rackla high-grade lead-zinc-germanium project. The wholly owned property is about 150 m northeast of the town of Mayo, Yukon.
To fund the program, Cantex has arranged a $1.1 million non-brokered private placement.
The current drilling program will follow up on the Copper zone on the western side of the North Rackla property. Drilling in 2023 intersected 2.5 metres of 3.93% copper, including 1 metre of 7.32% copper.
Cantex has thus far drilled over 75,000 metres at North Rackla reaching the deepest intersection at 700 metres below surface. The Main zone has been divided into three sectors – Discover, Central and Extension – along a strike length of 2.3 km. It hosts high-grade silver, lead, and zinc values. Last year 12 samples from four holes in the Extension zone were tested for germanium with results averaging 793 g/t. One hole from the GZ zone returned 1,257 g/t germanium.
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July 24, 2024
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