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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 carter2on Apr 16, 2024 1:01pm
153 Views
Post# 35991842

RE:What's going PApi

RE:What's going PApi

Apparently one of Chucks close friends is up in the Yukon, and is there to work with First Nations to come to terms on the project. Hopefully everyone can play nice and is happy to work together to realize this project. Yes there is a film crew going to the Yukon. Chad was working on the legal workings/ confidentiality agreements last time we talked. This is going to be a documentary about what it takes from discovery to production.  Don't know if will be CBC or Netflix. Cantex will also get a video for promotion purposes. 

In my opinion Chuck is letting all the majors that he has confidentiality's agreements with up to speed with all assay data. This project probably could have been bought out buy now but not for what Chuck wants, he wants to get paid for the value of the work he's doing not a quick payday. The longer the majors wait to make an offer the more the company drills and the more it is going to cost to buy or JV.

Chuck likes dividends as he has his Charles Edgar Fipke alto ego fund which has things like the UBC geology department.  That will be part of his legacy and with royalties from the mine his charity's will perpetuate. 

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