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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 Gillie88on May 05, 2021 11:51am
173 Views
Post# 33132311

RE:No hope for buyout?

RE:No hope for buyout?From my understanding of the companies plan, they would prefer to enter into a partnership in the near future with a major and have then finance the remainder of the drill program. Having a major on board would be very beneficial in getting this project moving. I think with Nevada they are just starting to look at the next project once they have either partnered on or sold the rackla claim.
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