46 www.resourceworld.com
A U G U S T / S E P T E M B E R 2 0 1 9
to determine how significant this project
will turn out to be. "We are very excited
about it," he said.
Hopes that Fipke is onto another big
find has sparked a steady rise in the value
of Cantex shares from 18 cents in October,
2018 to a recent high of $5.62 on July 5,
2018. Something is going on. In October,
2018, the shares tripled in value after the
company said it could only provide pro
-
visional results for five holes that targeted
the Extension Zone because every hole
contained samples that exceeded either
30% zinc or 20% lead, which was the
limit of the analytical method used.
Mineralization is hosted in Proterozoic-
aged rocks and contains elevated
manganese values, similar to the Broken
Hill deposit in Australia, which ranks as
the world's largest silver-lead-zinc deposit.
The stock price rally will be welcomed
by key shareholders, including Fipke who
recently held 19.5 million shares of Cantex,
amounting to a 43.3% interest. Other large
shareholders include Dundee Corp. which
YUKON
Tony Baressi, VP Exploration for Triumph
Gold, explores the Freegold Mountain
property about 40 km northwest of
Carmacks, south-central Yukon Territory.
Photo courtesy Triumph Gold Corp.
