Latest news with #MassiveSulphide
Cision Canada
22-07-2025
- Business
- Cision Canada
CRESCAT INCREASES INVESTMENT AND CANTEX UPSIZES PRIVATE PLACEMENT TO $5 MILLION
KELOWNA, BC, July 22, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the "Company"). Further to its news release of July 11, 2025, 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 $5,000,000. All other terms remain the same. Cantex is pleased to announce that Crescat Capital has increased its participation in the placement to $800,000. The Company will be using the proceeds of the placement on its soon to commence summer drill program at North Rackla where the Company will be focused on expanding the mineralization at its zinc-lead-silver-germanium Massive Sulphide project and also testing new targets at the Copper project where previous drilling has intersected up to 7.32% copper (see news release of April 13, 2023). The Offering The Offering will be comprised of a combination of charity flow through units ("CFT units") and hard units ("Units") for total gross proceeds of $5,000,000. The CFT units will be priced at $0.21 per unit, with each CFT unit comprised of one flow through share and one non-flow through warrant. Units will be priced at $0.14 per unit, with each Unit comprised of one common share and one non-flow through warrant. Each whole warrant issued in connection with either a CFT unit or a Unit entitles the holder to acquire a non-flow through share at a price of $0.21 for a term of three years. The Offering is proposed to consist of 21,261,903 CFT units and 3,821,429 Units and remains subject to the acceptance of the TSX Venture Exchange. 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 86,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.65 kilometers of strike length and at least 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 approved by Mr. Chad Ulansky a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Mr Ulansky is the Company's President and CEO. 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.
Yahoo
10-06-2025
- Business
- Yahoo
Nine Mile Metals Ltd Confirms the Addition of Mike Dufresne, MS, P.GEO to the Technical Advisory Committee
Toronto, Ontario--(Newsfile Corp. - June 10, 2025) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce the addition of Mike Dufresne to the Nine Mile Metal's Technical Advisory Committee, effective June 4th, 2025. Mike Dufresne, MS, - Technical Advisory Committee Mr. Dufresne is the President and Co-Founder of APEX Geoscience Ltd., Edmonton, Alberta, Canada. A world leading firm with over 100 geological and geophysical professionals operating in over 35 countries. He is a registered Professional Geologist ( with APEGNB. Mr. Dufresne was personally part of the exploration team responsible for the discovery of the George - Goose Lake deposits (est. 4+ million ounces of gold), the Three Bluffs deposit (est. 760 ounces of gold) in Nunavut, and the Perseverance gold deposit in western Australia. Apex Geoscience is a global leader in geological and geoscience consultancy renowned across the industry for its comprehensive and integrated earth science services. Apex Geoscience is a full-service, independent geological consulting firm that specializes in project implementation, geological and geophysical field services, and geological interpretation and reporting, including resource estimation services. They are an integral component of your exploration team from design to implementation to data acquisition to program execution and interpretation to reporting. Mike and Apex specialize in Copper-Gold and Volcanogenic Massive Sulphide (VMS) style exploration models. Apex's expertise spans a wide range of commodities and deposit types worldwide including a full spectrum of VMS style deposits. Specific VMS exploration includes Projects such as Wolverine, Chu Chua, Myrna Falls, Red Mountain and the Chester Deposit in the Bathurst Camp. The addition of Mike and Apex Geoscience rounds out the technical team bringing expertise in multi-disciplined VMS exploration in the Bathurst Mining Camp. Together with EarthEx Geophysical Solutions Inc's data acquisition and interpretation completed to date, Nine Mile is now strongly positioned to advance its VMS portfolio in 2025 and beyond, starting with exploration on multiple projects including the previously announced West Wedge & TriBag Drill Programs (Targets #3 & #4). See below Figure 1. "Our technical team is looking forward to working with Mike and his team of experts at Apex Geoscience on our portfolios, especially our Wedge and Nine Mile Brook Projects. Mike will help move us forward to our 2025 exploration program goals and he brings a wealth of VMS experience and knowledge, specifically on the BMC. The data acquisition and work to date from EarthEx, now combined with Mike & Apex, gives us an incredibly powerful data & interpretation team based on local geology and leading-edge geophysics. Our team is second to none," stated Gary Lohman, V.P. Exploration. Patrick J. Cruickshank, MBA, CEO & Director stated, "We have known Mike for several years now and we couldn't be more pleased to finally welcome him as an active member of our Technical Advisory Committee. As we have demonstrated over the past several years, our commitment to technical exploration, a necessary component for the discovery of the next new deposit in the Bathurst Mining Camp, we now have the quality to position ourselves for many successes in our future." FIGURE 1: Nine Mile Metals Western VMS Project Portfolio (The Wedge - California Lake - Canoe Landing Lake)To view an enhanced version of this graphic, please visit: About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company's primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East - West) VMS Project, and the Wedge VMS Project. The Company is focused on Critical Minerals Exploration, positioning itself for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge on Gold. ON BEHALF OF NINE MILE METALS LTD. "Patrick J. Cruickshank, MBA"CEO and Director T: 506-804-6117E: info@ Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that its primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East - West) VMS Project, and the Wedge VMS Project. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release. To view the source version of this press release, please visit Sign in to access your portfolio
Cision Canada
24-04-2025
- Business
- Cision Canada
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
KELOWNA, BC, April 24, 2025 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (OTCQB: CTXDF) (the "Company") is pleased to provide the exploration plans for 2025 on its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. 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 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.
