KELOWNA,
BC, July 23, 2024 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the
"Company") announces a temporary shutdown of exploration activity
at its North Rackla project which is located within the traditional
territory of the First Nation of Na-Cho Nyäk Dun ("FNNND").
North Rackla Drilling Halt
As a result of the recent heap leach pad failure at Victoria
Gold's Eagle Mine, located 120km from Cantex's project, the FNNND
has requested a temporary pause to all mining and exploration
occurring within their Traditional Territory.
The Department of Lands and Resources of the FNNND have
requested this temporary pause to allow them to prioritize
resources to deal with the ongoing impacts of the leach pad
collapse which has been further complicated by several forest fires
burning in the vicinity of the community.
Cantex has agreed to the request from the FNNND and has paused
all drilling and exploration activities.
Our thoughts are with those affected by the spill and the forest
fires, and we give thanks to the first responders and emergency
support services who are working to contain both situations.
Management looks forward to the continuation of the drill program
in the near future and the results of the drilling completed to
date.
About Cantex
Cantex is focused on its 100% owned 20,000 hectare North Rackla
Project located 150 kilometers northeast of the town of Mayo in the
Yukon Territory, Canada where
high-grade massive sulphide mineralization has been discovered.
Over 60,000 meters of drilling has defined high grade
silver-lead-zinc-germanium mineralization over 2.3 kilometers
of strike length and 700 meters depth. The mineralization
remains open along strike and to depth. The Company is led by Dr.
Charles Fipke, C.M., the founder of Ekati, Canada's first diamond mine.
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,
Chad Ulansky
Chad Ulansky
President and CEO
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.
SOURCE Cantex Mine Development Corp.
