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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 Jan 17, 2023 4:25pm
166 Views
Post# 35229132

RE:Will there be a 2023 Yukon drill program

RE:Will there be a 2023 Yukon drill program Carter2, these are all good questions. We should make note of them for the AGM on February 13. First off, it looks like Chad and Chuck are off to Chibougamau, Quebec for March drilling at the MTX site. Secondly, I'm not sure how much more they're going to extend the existing strike zone. I'm sure by the end of this year's results we will be in the 12 to 14 million ton range, but Chuck wants to get paid for everything that's there, including the soon to be announced gold and copper drill results located at G67. Chuck has said that there are only a handful of buyers out there for this site plus given that he owns majority of the company and the current market conditions, I cannot foresee him moving off his position of not disclosing any tonnage or undertaking a 43-101. Most likely, the JV that Chuck is seeking will require more drilling. And unless he comes clean with what has been found to date, the price will stay in the crapper, and we will get diluted once again when new money is required to start a new drilling season. Maybe it's time we demand answers from both Chad and Chuck. After $30 million of drilling, I don't think it is too much of us to ask; What have you found to date? When do you think the drill program will be completed and the site ready for market? Finally, what price would you consider reasonable for a takeout or JV? Sadly, I don't expect them to answer any of these questions.
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