KELOWNA, BC , Feb. 9, 2024 /CNW/ – Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the “Company”) is pleased to provide an update on its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon .
Dr. Charles Fipke reports
Main Zone Germanium Results
455 germanium results have been received for drill core from 61 intercepts drilled from 31 pads spanning the entire 2.35 kilometer drill confirmed strike length of the Main Zone silver-lead-zinc-germanium mineralization at North Rackla.
These results are presented in Table 1.
Table 1. Germanium results from the Main Zone
Pad
Hole
Depth
(m)
Germanium
(grams/tonne)
Number of analyses
MZ03
YKDD19-055
347.40
161
5
MZ04
YKDD19-067
195.40
1595
8
MZ06
YKDD18-016
108.02
595
5
MZ05X
YKDD19-125
283.48
182
5
MZ05X
YKDD19-127
372.50
952
5
MZ05X
YKDD19-139
417.70
438
8
MZ07
YKDD19-025
116.80
307
5
MZ07
YKDD19-027
136.25
1095
8
MZ07X
YKDD20-173
341.65
1024
8
MZ09
YKDD19-032
127.45
475
8
MZ09
YKDD19-037
143.30
525
8
MZ10
YKDD19-033
181.35
702
4
MZ16
YKDD19-097
110.55
2082
8
MZ17B
YKDD19-069
15.35
1287
8
MZ26
YKDD19-058
210.40
284
8
MZ27
YKDD19-083
129.75
1264
8
MZ27
YKDD19-087
165.25
574
8
MZ29
YKDD19-150
189.00
76
7
MZ31
YKDD19-148
111.35
222
4
MZ31
YKDD19-154
299.00
1365
8
MZ31
YKDD21-211
267.35
285
5
MZ32
YKDD19-107
411.80
638
8
MZ32
YKDD19-112
249.75
612
8
MZ32
YKDD19-117
309.50
134
5
MZ32
YKDD21-208
232.80
549
8
MZ33
YKDD19-149
238.25
981
8
MZ33
YKDD20-182
179.15
2
8
MZ33
YKDD23-285
430.65
467
8
MZ33
YKDD23-285
536.95
637
8
MZ34
YKDD19-153
300.45
665
8
MZ34
YKDD19-156
278.10
1244
8
MZ34
YKDD20-157
348.00
421
8
MZ35
YKDD20-166
286.90
399
8
MZ35
YKDD20-168
411.80
568
8
MZ35
YKDD20-170
598.85
1295
8
MZ37B
YKDD19-141
156.45
777
8
MZ39B
YKDD19-121
35.45
457
8
MZ42
YKDD19-143B
195.18
119
8
MZ43
YKDD19-138
172.35
462
8
MZ-43B
YKDD19-142
250.40
156
8
MZ51A
YKDD21-197
235.75
715
8
MZ51A
YKDD21-203
367.00
224
8
MZ52
YKDD22-248
68.00
610
8
MZ52
YKDD22-252
64.20
1326
8
MZ52A
YKDD22-243
186.70
656
8
MZ53A
YKDD22-250
165.25
119
5
MZ53A
YKDD22-253
174.55
1370
8
MZ53A
YKDD22-255
202.00
633
8
MZ53A
YKDD22-257
222.20
1031
8
MZ53A
YKDD22-258
230.60
720
8
MZ53A
YKDD22-260
174.75
857
8
MZ54
YKDD23-279
88.75
398
8
MZ54
YKDD23-281
86.00
300
8
MZ54
YKDD23-282
112.45
404
8
MZ54A
YKDD22-254
151.55
529
8
MZ55
YKDD22-263
70.00
482
8
MZ55
YKDD22-265
91.00
1251
8
MZ55
YKDD22-266
74.80
378
8
MZ55A
YKDD22-267
159.20
382
8
MZ55A
YKDD22-269
185.40
1512
8
MZ55A
YKDD22-271
198.20
496
8
The average of these 61 intercepts is 663 grams per tonne germanium in sphalerite. When combined with the previously analyzed 36 intercepts the average is 654 grams per tonne germanium. The distribution of the new germanium results within the Massive Sulphide project is shown in Map 1.
GZ Zone Germanium Results
At the GZ Zone 57 analyses were received from 9 intercepts which averaged 427 grams per tonne germanium in sphalerite. When combined with the previously received results from five intercepts the average germanium content is 521 grams per tonne.
These results are presented in Table 2 below.
Table 2. Germanium results from the GZ Zone
Pad
Hole
Depth
(m)
Germanium
(grams/tonne)
Number of analyses
GZ01D
YKDD22-222
15.55
613
8
GZ02
YKDD20-176
86.45
426
8
GZ02B
YKDD20-179
66.35
1037
8
GZ02D
YKDD21-210
25.50
104
5
GZ02E
YKDD21-213
40.15
269
5
GZ02.5C
YKDD22-223
77.15
130
8
GZ02.5C
YKDD22-224
43.75
335
5
GZ02.5C
YKDD22-226
55.25
220
5
GZ02.5C
YKDD22-228
62.75
709
5
Germanium Market
Germanium continues to be a metal of prime importance for the west. China , which currently supplies 83% of the world’s germanium, is now restricting exports to the United States and western markets. Germanium is a valuable metal, currently selling for US$1.32 per gram (February 7, 2024 ; Trading Economics; https://tradingeconomics.com/commodity/germanium ).
There are few western sources of germanium, the most significant being ore from Teck’s Red Dog Mine in Alaska which is processed at the Trail smelter in British Columbia. It is apparent that western nations will need to find additional sources of germanium.
Summary
Cantex’s directors are pleased that the Massive Sulphide project contains very high germanium values along the 2,350 metres of strike length tested to date. The average germanium content of sphalerite from the Main Zone is 654 grams per tonne while the average germanium content of the GZ Zone is 521 grams per tonne. The project shows potential to be a much-needed western source of the Critical Metal germanium.
Sample Preparation
The drill holes reported in this press release were drilled using HQ (63.5mm) diamond drill bits. The core was logged, marked up for sampling and then divided into equal halves using a diamond saw on site. One half of the core was left in the original core box. The other half was sampled and placed into sealed bags. Core samples averaged over 3kg in weight.
For germanium analyses a piece of split core approximately 15cm in length containing sphalerite was selected and submitted to CF Mineral Research Ltd. From the selected location a piece of a thin slice of core was mounted in epoxy, polished, carbon coated and mapped using a scanning electron microscope to select sphalerites for analysis. The samples were then sent to UBC Okanagan for germanium analysis using laser ablation inductively coupled plasma mass spectroscopy (LA-ICPMS). A 100 micron spot size was used and NIST610 and 612 reference materials were used as standards.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol ., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.
Signed,
Charles Fipke
Dr. Charles Fipke , CM
Chairman
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SOURCE Cantex Mine Development Corp.