Cantex Mine Development Corp. is pleased to provide an update on the work program at its Massive Sulphide project within its 100% owned 14,077 hectare North Rackla claim block. Drilling 62 holes totalling over 14,000 metres have been completed on the 2.4 km long Massive Sulphide Zone so far this season. These holes have been drilled from 14 pads stretching along a strike length of 760 metres within the Main Zone. The [...]
Cantex Mine Development Corp. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Leede Jones Gable Inc. in connection with a "bought deal" private placement of an aggregate of 1,588,000 common shares of the Corporation that will qualify as "flow-through shares" of the Income Tax Act ) for aggregate gross proceeds of C$10 million . In connection with the Offering; 921,000 [...]
Cantex Mine Development Corp. is pleased to provide an update on the work program on its 100% owned 14,077 hectare North Rackla claim block. Mobilization All of the main components of the program are now on site. A 32 man camp is now in place and operational. The drills are on site along with the equipment needed to support the drill program. Drilling Three drills are now on site and drilling has now commenced on the [...]
Cantex Mine Development Corp. is pleased to announce the commencement of the upcoming work program on its 100% owned 14,077 hectare North Rackla claim block. Mobilization With the successful completion of the $15 million financing Cantex will now be commencing its 2019 exploration program. The Company will begin mobilizing equipment and supplies on Monday, April 15th in support of the geophysical program. Geophysics [...]
Cantex Mine Development Corp. . Further to its news release of March 6, 2019, the Company is pleased to announce that, due to added interest?, it has elected to increase the amount of its previously announced private placement to $15,000,000. All other terms remain the same. Signed, Charles Fipke Charles Fipke Chairman Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the [...]
Cantex Mine Development Corp. is pleased to announce details of the upcoming work program on its 100% owned 14,077 hectare North Rackla claim block. Geophysics Ground magnetic, electromagnetic, resistivity and gravity surveys are planned over 1 km2 covering 2.3 kilometres of the strike length of the massive sulphide zone. These surveys will be focused on determining the exact location of the massive sulphide [...]
KELOWNA, BC, Dec. 28, 2018 /CNW/ - Cantex Mine Development Corp. announces that it has granted a total of 554,000 options to certain directors and officers of the Company. The options have an exercise price of $1.00 and a term of six years, expiring December 28, 2024. Signed, Chad Ulansky Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this [...]
Cantex Mine Development Corp. is pleased to announce the over-limit drill results from the Massive Sulphide zone on its 100% owned 14,077 hectare North Rackla claim block. Over-Limit Results Received The over-limit results have now been received for the 23 samples that exceeded with 30% zinc or 20% lead. The 14 over limit zinc samples representing 12.05 metres of drill core contained between 35.47% and 51.14% zinc. The [...]
Cantex Mine Development Corp. is pleased to announce drill results from the Massive Sulphide zone on its 100% owned 14,077 hectare North Rackla claim block. Results Received Results have now been received for nine holes from this summer's diamond drill program. Final results are available from four holes tested mineralization at the "Discovery Zone" near the northeastern end of the Massive Sulphide zone. Provisional [...]
As of August 19, Cantex Mine Development Corp. has completed four core holes toward the steeply dipping oxidized discovery outcrop of 15.7 meter apparent width. In addition, four core holes have been drilled into the southern extension zone. These two zones occur within a massive sulphide zone of at least 3 kilometers in length on the 100% Cantex owned North Rackla claims located about 110 km northeast of [...]
KELOWNA, BC, July 31, 2018 /CNW/ - Cantex Mine Development Corp. is pleased to announce that its drill program at the 100% owned North Rackla claims has commenced and that mineralization has been intersected in the first two holes ever drilled into the discovery outcrop. The Massive Sulphide zone extends for three kilometres in strike length. Both holes were drilled from a drill pad situated on a spur connecting the [...]
KELOWNA, BC, July 12, 2018 /CNW/ - Cantex Mine Development Corp. is pleased to announce that its financing is fully subscribed and will close tomorrow. The drill program will commence next week on the North Rackla claims. Drill Program Crews will begin mobilizing to the project on July 16th and drilling is expected to start shortly thereafter as the core drill is already on site. Drilling will commence at the northeastern [...]
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