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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

Post by piper10on Jun 04, 2009 4:27pm
642 Views
Post# 16044712

AH News

AH News

Cantex announces progress on Al Hariqah gold project

	    KELOWNA, BC, June 4 /CNW/ - Cantex Mine Development Corp. (CD : TSXVenture Exchange) is pleased to announce the progress on its Al Hariqah goldproject.	    At Al Hariqah two drills continue to work on the 77 hole program. To dateabout 4,000 meters from 41 holes have been completed on this program. Thisbrings the number of holes completed on the project to 124 totaling in excessof 12,500 meters.	    The shipment of 1,148 percussion samples from the first 20 holes of thelatest drill program along with diamond drill core has been received by ALSChemex in Vancouver. The percussion samples are being processed and assayedfor gold. The core samples have been shipped to CF Mineral Research Ltd. inKelowna where they will be logged and sampled in preparation for assay forgold at ALS Chemex.	    Management looks forward to receiving the assay results from the drillsamples in the near future. These and subsequent results will be needed tocomplete a prefeasibility study on Al Hariqah for mid 2010.	    Signed,	    Charles Fipke
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