Cantex Mine Intersects Mineralization at GZ Zone at North Rackla
lead-zinc-silver mineralized system with Broken Hill Type affinities.
First hole testing the newly discovered GZ Zone intersects strong massive sulphides
Rock samples collected during prospecting define a new gold rich zone and an extremely rich silver-copper zone
Initial results are available for Main Zone drilling at pads MZ34 and MZ3X including YKDD20-159 intersecting several high grade zones significantly extending the depth of known mineralization to 550 metres below surface
Trenching was conducted in the vicinity of six near-source talus boulders that averaged 281 g/t silver, 18.93% lead and 32.29% zinc located about 550 metres southeast of drill pad MZ 5 in the exceptionally high-grade Extension Zone. The location is shown adjacent to drill pad GZ01 in Figure 1.
President and Geologist Chad Ulansky, who has viewed all mineralization on the property, says that this GZ Zone contains the highest-grade surficial mineralization he has ever encountered on the entire property. Trenching was completed to a depth of 6 metres but bedrock was not encountered over the mineralized zone. However, massive sulphide boulders were found in the bottom of the trench and are believed to be very close to source. Eight additional sub-outcrop and talus sample results are now complete and reported in Table 1. Similar to the initial samples taken upon discovery, they contain extremely high values of silver, lead and zinc with contents ranging up to 395 g/t silver, 63.65% lead and 43.86% zinc.
With the trenching supporting a proximal source a drill hole was oriented at an azimuth of 225 degrees and inclination of -45 degrees at the exceptionally mineralized sub-outcrop. This drill hole intersected strong silver-lead-zinc massive sulphides and vein mineralization between 73.15 and 80.9 metres.