Cantex Announces Drilling Underway

2016-10-31 / @newswire

KELOWNA, BC, Oct. 31, 2016 /CNW/ - Cantex Mine Development Corp. (CD: TSXV) (the "Company")The Company is pleased to announce that drilling is underway on its North Rackla Project in the Yukon.

Drilling is currently testing the newly discovered eastern silver-lead-zinc-copper massive sulphide zone.Specifically, the southwestern extension of the massive sulphide zone is presently being tested.Though this zone has not been trenched, composite gossan samples collected from sub-outcrop gossan samples returned grades of up to 314 g/t silver, 13.85% lead, 18.7% zinc and 1.97% copper.

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

Charles Fipke
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.

SOURCECantex Mine Development Corp.