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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is a Canada-based exploration stage company. The Company's principal business activity is the acquisition and exploration of mineral properties for commercial mineral deposits. The Company’s primary project is located approximately 100 kilometers northeast of Mayo, Yukon Territory, Canada. The Company has approximately 1,075 claims covering over 21,500 hectares in the Yukon. The Company has a 100% interest in four groups of gold exploration claims comprising of approximately 86 claims. The Company has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Company owns 60% interest in the Al Hariqah (Gold) project. The Al Hariqah is a gold deposit is located approximately 130 kilometers (km) northwest of Sana'a Yemen. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region approximately 205 km north-northwest of the capital city, Sana'a, and 25 km south of the border with Saudi Arabia.


TSXV:CD - Post by User

Comment by piper10on Nov 29, 2008 6:51pm
301 Views
Post# 15618631

RE: Cantex Gold Corp??

RE: Cantex Gold Corp??Hey Rammie,
Yes. I did notice that and mentioned it in a telephone conversation with a fellow CD shareholder this morning. Now, I might be totally off base but it does seem to me that some thing is being set up for the gold side of our company. A spin off possibly???  Not a bad idea in my opinion. Will we do it alone or with a partner??? As for CMMY - at previous AGM's Chuck and Chad mentioned they wanted to have the Yemen operations under the Cantex banner. I was lead to believe this was for cost savings - auditors charges, tax benefit, etc. ( After all we all know how CF complained about the charges coming from KPMG over the last few years - BTW the new auditors have an office in Sana and are Arabic speaking - further cost savings on the Yemen operations. ) I would have to get confirmation but I think CMMY is now rolled into CD for the above reason. Cantex Gold Corp. - now that's a whole different story!!!!

P10    
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