Northwire Canada EditionWednesday, October 28, 2026
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Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9% Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9%
Drill Results Routine +

Cantex Announces Commencement of 2026 Drill Program North Rackla, Yukon

Cantex Mine Development advances metallurgical de-risking at North Rackla while its cash runway narrows.

By The Northwire Desk — AI Analysis Jun 04, 2026 · 08:30 CD · 0.29 Cantex Mine Development Corp.
Executive Summary
  • Cantex Mine Development Corp. (TSXV: CD) has officially commenced its 2026 drill program at its 100%-owned North Rackla silver-lead-zinc-germanium project in the Yukon.
  • The exploration program aims to expand the strike length and depth extent of the existing massive sulphide mineralization.
  • Secondary targets include newly discovered anomalous gold zones and high-grade copper and silver-lead-zinc prospecting targets across the 14,077-hectare property.
  • Drilling has commenced with no assay results or intercepts reported in this release.
  • Technical content is reviewed by Chad Ulansky P.Geol., President and CEO, serving as the Qualified Person under NI 43-101.
Material Impact
  • The commencement of the 2026 drill program is an expected, incremental step following the January 29, 2026 announcement outlining the program's objectives and the deployment of a new lightweight heli-portable rig.
  • The news is routine and does not introduce new material catalysts or unexpected developments. It simply confirms execution of the previously disclosed exploration plan.
  • The drill program follows highly positive metallurgical testwork released in April and June 2026, which demonstrated successful XRT sorting and premium-grade flotation results. These earlier results have already de-risked the processing flowsheet and commercial viability.
  • The market has likely already priced in the drill commencement. The absence of assay results means there is no immediate fundamental re-rating catalyst.
CD · Price
Company Overview
  • Cantex Mine Development Corp. is focused on advancing the North Rackla project, a 14,077-hectare, 100%-owned property in the Yukon, Canada.
  • The flagship Massive Sulphide project hosts high-grade silver-lead-zinc-germanium mineralization, described by management as the highest-grade of its kind ever found in North America.
  • Historical drilling has defined >86,000 meters of mineralization over a 2.65 km strike length and depths exceeding 700 meters, remaining open along strike and to depth.
  • The project is compared to the world-class Broken Hill deposit due to its scale and grade.
  • Management includes Dr. Charles Fipke (Chairman, founder of the Ekati diamond mine) and Chad Ulansky (CEO).
Read the original news release →

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Sep 08, 2026 · 22:01

Cantex Mine Development upsizes its $3.5 million financing to fund drilling at its Yukon silver-lead-zinc project.

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Cantex Mine Development secures financing for North Rackla drilling as metallurgical de-risking advances at the project.

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