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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 Massivesulfideon Dec 02, 2022 1:24pm
217 Views
Post# 35146980

RE:Zzzz Yukon..soooooon

RE:Zzzz Yukon..soooooonI'm not sure that most recent round of  money raised was for drilling. Could be for overrun costs from this year's drill program?  Hopefully, it was raised for legal closing costs if a suitor comes forward. This site has been relying on $5-$6 million per year raises to support its annual drill program. Time will reveal all (as Chuck has a controlling interest in the company :( or :) depending on drill results).
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