
CANTEX PLANS DRILLING FOR GOLD AND SILVER-COPPER IN ADDITION TO COPPER AND MASSIVE SULPHIDE SILVER-LEAD-ZINC-GERMANIUM PROJECTS AT NORTH RACKLA, YUKON, CANADA
Dr. reports
Massive Sulphide Silver-Lead-Zinc-Germanium Project
Cantex's directors continue to be impressed with the scale and grade of the mineralization at the Massive Sulphide project. Drilling in 2024 brought the drill confirmed strike length to 2.65 kilometres and continued to intersect high grade mineralization such as hole YKDD24-315 which intersected 15 metres of 62 g/t silver, 3.49% lead, 19.38% zinc and 117 g/t germanium (see news release of February 12, 2025).
The mineralization is open both along strike and to depth, with the deepest intercept occurring at 700 metres depth where hole YKDD20-163 contained a 23.67 metre true width of 24 g/t silver, 2.31% lead and 5.84% zinc (see news release of December 17, 2020). Drilling this season will focus on further expanding the mineralization.
Cantex is also initiating metallurgical test work on the Massive Sulphide mineralization. The coarse grained, high grade nature of the mineralization suggests that concentration on site may not require flotation. This would eliminate hazardous tailings and minimize the environmental impact of mining at North Rackla.
Copper Project
The Copper Project was discovered by prospecting a soil-talus anomaly on the western side of the North Rackla property. Initial drilling intersected 2.5 metres of 3.93% copper including 1 metre of 7.32% copper (see news release of April 13, 2023). This was followed up with drilling early in the 2024 field season where results included 2.9 metres of 4.54% copper in hole YKDD24-287 (see news release of August 19, 2024).
Late in the 2024 season a ground geophysical induced polarization/conductivity survey was completed over the area. This survey detected several strong conductors which we think represent copper mineralization. Drill testing of these anomalies is planned for this summer.
Regional Focus Anomalies in North Rackla
Cantex's exploration of the North Rackla claim block has identified several other prospective targets worthy of drilling. Structural geologist Chris Buchanan will be on site this summer and will be selecting sites for drilling at the North Gold and G67 gold anomalies and the G14 silver-copper anomaly. Details of these areas are presented below.
Northern Gold Area
The Northern Gold Area consists of a 120m by 150m area where mineralization occurs within a stromatolitic dolomitic unit that is exposed beneath a sandy bedded dolomitic unit. The Company's previous drilling will aid in defining the structural controls of the mineralization to best test the mineralization. Selected rock samples collected from this area are contained in the following table.
G67 Gold Area
Anomaly G67 consists of a gold-arsenic soil-talus anomaly approximately 950 metres long and of irregular width of between 40 and 550m (averaging about 200m) underlain by Proterozoic dolostones. Rock samples from this anomaly have contained up to 39.60 g/t gold. Selected samples are presented in the table below (see release dated June 24, 2021).
G14 Silver-Copper Anomaly
Anomaly G14 is an irregular (990 x 75m) anomaly which contains consistently high silver and copper values. Results (see release of June 24, 2021) from selected rock samples from this anomaly are presented in the table below.
Summary
Cantex looks forward to a productive drill season on its North Rackla project. Work will be undertaken not only on the advanced Massive Sulphide Project but also selected targets within the broader claim block. These include the Copper Project, the G14 silver-copper anomaly, the G66 gold anomaly and the Northern Gold Area.
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 which were in turn placed into larger bags closed with security seals. Prospecting rock samples were also placed into security sealed bags prior to being transported to the ISO 9001:2015 accredited CF Mineral Research Ltd. laboratory in Kelowna, BC.
At CF Minerals the drill core or rock samples were dried prior to crushing to -10 mesh. The samples, which averaged over 3kg, were then mixed prior to splitting off 800g. The 800g splits were pulverized to -200 mesh. A 250g portion of this pulverized material was submitted for multi-element analysis at ALS Chemex in North Vancouver. Quality control procedures included running a barren sand sample through both the crusher and pulveriser between each sample to ensure no inter-sample contamination occurred. Silica blanks were inserted along with certified reference samples. These quality control samples were each inserted approximately every 20 samples.
ALS Chemex in North Vancouver assayed the samples using a four-acid digestion with an ICP-MS finish. The 48 element ME-MS61 technique was used to provide a geochemical signature of the mineralization. Where lead or zinc values exceeded one percent the Pb-OG62 or Zn-OG62 techniques were used. These have upper limits of 20% lead and 30% zinc respectively. Samples with lead and zinc values over these limits were then analyzed by titration methods Pb-VOL70 and Zn-VOL50. Where silver samples exceeded 100 g/t the Ag-OG62 technique was used which has an upper limit of 1,500 g/t.
For the germanium results completed on bulk core, a portion of the remaining pulverized material from the base metal analysis was analyzed by ALS Chemex in North Vancouver, Canada. The pulverized samples were analyzed using a sodium peroxide fusion followed by an ICP Mass Spectrometer finish on a 0.2g pulverised sample.
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
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. Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks identified in the management discussion and analysis section of the Company's interim and most recent annual financial statements or other reports and filings with Canadian securities regulators. Forward looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Toronto Star
8 minutes ago
- Toronto Star
Asante Announces Receipt of Net Proceeds From C$237M Equity Offering, Completion of Kinross Restructuring
VANCOUVER, British Columbia, Aug. 12, 2025 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT:1A9 | OTCQX: ASGOF) ('Asante' or the 'Company') is pleased to announce that, further to its news release dated August 11, 2025 announcing the execution of definitive agreements relating to an approximately $500 million financing package (the 'Financing Package'), the Company has satisfied the conditions to first draw down under such definitive agreements, resulting in the satisfaction by the Company of the escrow release conditions relating to the bought deal private placement of 163,300,000 subscription receipts of the Company (the 'Subscription Receipts') at a price of C$1.45 per Subscription Receipt for aggregate gross proceeds of approximately C$237 million ('M') which was completed on July 7, 2025 (the 'Offering'). All amounts are in U.S. dollars unless otherwise indicated. In connection with the satisfaction of the escrow release conditions, the proceeds of the Offering and accrued interest thereon, net of the commission and expenses payable to the underwriters of the Offering, have been released to the Company by the subscription receipt agent and each Subscription Receipt automatically converted into one common share of the Company (each, a 'Common Share').


Cision Canada
8 minutes ago
- Cision Canada
Healthcare AI Market Explodes 38.5% Annually as Diagnostics Gain FDA Traction
VANCOUVER, BC, Aug. 12, 2025 /CNW/ -- USA News Group News Commentary – Research and development of new AI-powered tech is causing a major overhaul in the healthcare sector, with experts both optimistic and horrified at the same time. Analysts at are forecasting the global AI in healthcare market to hit nearly $700 billion by 2034, growing at an explosive 38.5% CAGR along the way. With new technologies getting closer to full FDA approval, now one of the biggest hurdles for AI in healthcare is gaining the trust of clinicians and patients alike, all while proving efficacy of these new solutions. From an investment standpoint, the opportunity is enormous, with the market paying closer attention to AI roll outs and the developers behind them, including Avant Technologies, Inc. (OTCQB: AVAI), RadNet, Inc. (NASDAQ: RDNT), Clover Health Investments, Corp. (NASDAQ: CLOV), Tevogen Bio Holdings Inc. (NASDAQ: TVGN), and Butterfly Network, Inc. (NYSE: BFLY). Accenture projects AI could unlock $461 billion in healthcare value by 2035, but success requires platforms that deliver reliable results in critical diagnostics where mistakes prove dangerous. Several innovators are developing advanced systems to capture this opportunity across patient screening and drug discovery. Avant Technologies, Inc. (OTCQB: AVAI) and joint-venture partner Ainnova Tech have accelerated their FDA approval timeline for Vision AI, an AI-powered diagnostic tool that can detect diabetic retinopathy in minutes without requiring an eye specialist on-site. The companies have accelerated their timeline by finalizing an enhanced patient recruitment strategy targeting approximately 1,000 multiethnic patients across 8-10 U.S. clinical sites. Ainnova will collaborate directly with Fortrea, a globally recognized contract research organization specializing in ophthalmology studies, to recruit patients primarily from community clinics and primary care facilities. This approach captures real-world data that reflects the diverse population affected by diabetic retinopathy while positioning Vision AI for broader commercial adoption. "By focusing on community clinics and targeting a multiethnic group of around 1,000 diabetic patients, we aim to ensure that our study accurately represents the diverse population affected by diabetic retinopathy," said Vinicio Vargas, CEO at Ainnova and Board member of Ai-nova Acquisition Corp. (AAC). "Working with Fortrea, an expert CRO in ophthalmology, allows us to confidently navigate this process with a partner that shares our commitment to quality and efficiency. We are getting closer to initiating a clinical study that will significantly contribute to obtaining FDA 510(k) approval and making our Vision AI platform a crucial tool in early disease detection." This recruitment breakthrough builds on decisive regulatory progress following Ainnova's mid-July pre-submission meeting with the FDA, where the agency delivered clear guidance on study design and compliance requirements. The refined clinical trial protocol, which addresses all FDA comments, has been presented to Fortrea for final review and will set the stage for a formal U.S. study that supports FDA 510(k) clearance to market Vision AI domestically. Beyond regulatory advancement, Vision AI is gaining commercial momentum across multiple fronts. Vargas recently showcased the platform at Roche's"Macular Spectacular" conference in Colombia, highlighting breakthrough results from a Q4 2024 pilot with Roche and Salud 360 that positions Vision AI for expansion across the U.S., Canada, and Europe. The technology has already gone live through Grupo Dökka's Fischel and La Bomba pharmacy chains, delivering walk-in screenings with real-time AI results and eliminating the need for onsite ophthalmologists. This proven pharmacy model is attracting attention from insurers and life sciences partners who recognize Vision AI's potential to transform preventive care delivery. The platform's cost-effective approach addresses critical gaps in diabetic eye care while creating new revenue streams for retail healthcare providers. Vision AI's success positions Ainnova to dominate broader disease detection markets. The company's expanding roadmap includes cloud-connected retinal cameras for rural clinics and revolutionary modules targeting Alzheimer's, cardiovascular conditions, and other chronic diseases through advanced retinal and blood biomarker analysis. With diabetic retinopathy affecting 9.6 million Americans and representing a US$3.25 billion U.S. market projected to nearly double to US$6.1 billion by 2033, Avant maintains worldwide licensing rights to Ainnova's platform through AAC. This positions U.S. market entry as a transformative commercial inflection point. Avant continues evaluating a strategic acquisition of Ainnova Tech under a previously announced non-binding LOI, potentially consolidating breakthrough AI healthcare technologies and proven leadership under a single public platform. The company has also signaled plans for a dedicated therapeutic-focused spinout, creating multiple pathways to capture the expanding AI-driven healthcare transformation. RadNet, Inc. (NASDAQ: RDNT), through its wholly-owned subsidiary DeepHealth Inc., received FDA 510(k) clearance for TechLive™, a remote scanning solution that enables centralized operation of MR, CT, PET/CT, and ultrasound procedures across multiple locations simultaneously. The technology addresses critical radiology technologist shortages by allowing expert staff to remotely guide complex procedures, with pilot deployments showing a 42% decrease in MRI room closure hours. "TechLive™ represents a paradigm shift in how we approach imaging operations," said Sham Sokka, PhD, Chief Operating and Technology Officer at DeepHealth. "By enabling real-time remote expertise, we are not only addressing today's staffing challenges, we are creating a foundation for more efficient, financially sustainable, and high-quality patient care across the broadest set of imaging modalities. This FDA clearance validates DeepHealth's vision of a connected imaging ecosystem that scales human expertise beyond physical boundaries." RadNet has already connected over 300 imaging systems with TechLive™, positioning the company to expand operational efficiency while improving patient access to advanced diagnostic procedures. Clover Health Investments, Corp. (NASDAQ: CLOV), through its wholly-owned subsidiary Counterpart Health, released clinical data showing its AI-powered Counterpart Assistant technology correlates with significantly improved COPD patient outcomes, including 15% fewer hospitalizations and 18% lower 30-day readmissions. "This whitepaper shows how translating raw data into real-time clinical insight can transform care," said Conrad Wai, CEO of Counterpart Health. "By equipping physicians with timely, meaningful guidance, Counterpart Assistant helps deliver better outcomes for patients and reduce costs." The platform synthesizes over 100 real-time data streams to provide actionable recommendations within clinical workflows, with COPD patients under Counterpart-enabled primary care physicians showing 75% higher diagnosis rates and 18% more specialty care visits. This marks Counterpart's fifth published study demonstrating clinical impact across chronic diseases including diabetes, heart failure, and kidney disease management. Tevogen Bio Holdings Inc. (NASDAQ: TVGN) has evolved from a biotechnology company into a dual-platform enterprise expanding into artificial intelligence through while maintaining 74% insider ownership. The company successfully launched its AI-driven PredicTcell™ platform with strategic partnerships including Microsoft and Databricks, significantly enhancing drug target discovery efficiency with potential savings of billions in development costs. CEO Ryan Saadi affirmed the company's strong capital position and growth trajectory, highlighting progress from clinical validation of its ExacTcell™ platform to establishing manufacturing capabilities and robust intellectual property portfolios. "Tevogen has become a recognized name for its business philosophy of social responsibility, patient affordability and cost efficiency," wrote Saadi in a CEO letter. "In under five years, we validated our proprietary ExacTcell™ platform, completed successful proof-of-concept clinical trial of the platforms first product, established drug discovery R&D center — currently in the process of establishing our own GMP cell manufacturing facility, expanded corporate infrastructure, built a robust intellectual property portfolio, and established one of the pioneering AI initiatives in the industry — assets of significant value, while maintaining 74% insider equity ownership." Butterfly Network, Inc. (NYSE: BFLY) advanced AI-powered cardiac screening through new research demonstrating machine learning models can achieve 94% accuracy in detecting aortic stenosis using handheld ultrasound devices. "This research shows a promising path forward where lower-level providers, not just cardiologists or trained sonographers, could screen for aortic stenosis using AI-assisted handheld ultrasound," said Dr. John Martin, co-author of the study and Butterfly's Chief Medical Officer Emeritus. "This opens the door to early detection in a wide variety of care venues including primary care offices, long term care facilities, urgent care facilities and even in the home." The study, published in European Heart Journal, validates the potential for lower-level providers to screen for this life-threatening condition that affects over 13% of Americans over 75 and often goes undiagnosed until advanced stages. Butterfly also released new Aorta Exam training protocols on its ScanLab™ platform, combining AI-assisted diagnostics with educational tools to democratize access to critical cardiovascular screening capabilities. DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Avant Technologies Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Avant Technologies Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Avant Technologies Inc. which were purchased in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of Avant Technologies Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.


Cision Canada
8 minutes ago
- Cision Canada
KeyData Cyber Acquires BeyondID to Create a Powerhouse in Identity Security
TORONTO and SAN FRANCISCO, August 12, 2025 /CNW/ - KeyData Cyber, a leading North American provider of end-to-end identity and access management (IAM) services, today announced its acquisition of BeyondID, a leading AI-powered, Managed Identity Solutions Provider (MISP) with deep expertise in the Okta platform and identity-first zero trust solutions. This strategic acquisition brings together two identity leaders to form a pure-play powerhouse in total identity security. The combined team brings unmatched depth and breadth across IAM, CIAM, PAM and IGA, with more than 200 identity experts and a proven track record for delivering complex programs for mid-market and enterprise customers across the private and public sectors. BeyondID complements and expands KeyData Cyber's expertise across advisory, implementation, and managed services, with support for every major identity platform including BeyondTrust, CyberArk, Microsoft, Okta, PingIdentity, SailPoint and Saviynt. The acquisition will establish BeyondID as a KeyData Cyber company, accelerating KeyData's growth strategy, expanding its delivery capacity and depth of resources globally. "Together, we are building a powerhouse in identity security," said Dustin Hoff, CEO of KeyData Cyber. "By joining forces with BeyondID, we are gaining expanded geographic reach, wider technology expertise, and Identity Command Center, an AI-powered technology platform to streamline service delivery and provide our clients with the best experience in the industry." "This is a pivotal moment for BeyondID and our clients. By joining forces with KeyData Cyber, we are combining deep identity expertise with AI-driven innovation to deliver a more complete, end-to-end security experience," said Arun Shrestha, CEO of BeyondID. "Together, we'll help organizations navigate complexity with confidence, transforming identity from a technical necessity into a strategic advantage." BeyondID's strong U.S. presence and expanded nearshore and offshore capabilities will add to KeyData Cyber ' s growing global footprint, enabling teams to meet client needs faster and with greater local alignment across a broader set of identity security services. Clients will benefit from deeper expertise across highly regulated sectors, and gain access to BeyondID's Identity Command Center, an AI-powered platform that orchestrates and automates identity-first, zero-trust solutions – from strategy blueprints to implementations to solution management. The combination of BeyondID and KeyData Cyber establishes one of the largest pure-play identity security firms in North America delivering the full-spectrum of identity security services, from Zero Trust and governance to privileged access and customer IAM under one roof. About KeyData Cyber KeyData Cyber is a leading North American cybersecurity firm specializing in Identity and Access Management (IAM). With 20 years of experience, we have managed more than 50 million identities and completed over 1,000 successful deployments. Our veteran team of certified consultants, architects, and engineers delivers comprehensive IAM solutions with unmatched expertise in highly regulated sectors. As trusted IAM partners, we help clients future-proof their organizations against evolving identity threats by delivering secure, scalable, and compliant programs tailored to business needs. About BeyondID BeyondID is a leading AI-powered, Managed Identity Solutions Provider (MISP). By delivering secure solutions and services that help manage digital identities, BeyondID enables organizations to control access to applications, data, networks, and devices while facilitating continuous regulatory compliance and ensuring seamless user experiences. With operations across 5 countries, and backing by Tercera, an investor specializing in AI and tech services, BeyondID has become a trusted partner to thousands of customers globally. More information about BeyondID can be found at