Cantex suspends drilling at North Rakla

Cantex Mine Development (TSXV: CD; OTCQB: CTXDF) has announced a temporary halt to exploration at its North Rackla lead-zinc-germanium project, situated within the traditional territory of the First Nation of Na-Cho Nyäk Dun (FNNND) in the Yukon.

As a result of the recent heap leach pad failure at Victoria Gold's Eagle mine, located 120 km from Cantex's project, the FNNND has requested a pause to all mining and exploration occurring within their traditional territory. This situation has been further exacerbated by several nearby forest fires.

The FNNND's Department of Lands and Resources has asked for this pause to allocate their resources to address the ongoing impacts of the leach pad collapse, along with managing the forest fires affecting the community.

“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, “ said Cantex’s president and CEO Chad Ulansky. “Management looks forward to the continuation of the drill program in the near future and the results of the drilling completed to date.”

Cantex remains focused on its North Rackla project, a 20,000-hectare site located 150 km northeast of Mayo, Yukon. The project has shown significant high-grade mineralization, including silver, lead, zinc, and germanium, with over 60,000 meters of drilling delineating mineralization over 2.3 km of strike length and 700 meters in depth.

For more information, visit www.Cantex.ca.