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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 Oregonduckon Jun 26, 2024 5:49pm
101 Views
Post# 36107904

Beaver River Watershed

Beaver River WatershedThe bread basket of FNNND. There is zero chance an access or tote road will be approved and mine permitting by the territorial Yukon Govt for Cantex. 

"Yukon’s Department of Energy, Mines and Resources said by email on Tuesday its officers will investigate the accident. 

The primary leaching pad can accommodate as much as 90 million tonnes of ore, according to a Victoria Gold technical report. The pad is located about 1.2 km north of the main Eagle zone orebody. 

Local concerns

The First Nation of Na-Cho Nyk Dun (FNNND) said in a statement posted on Facebook that it’s deeply concerned about the heap leach failure and landslide at Eagle and the “potentially significant and far-reaching environmental impacts” to water, fish and wildlife in the area. Eagle is located on FNNND traditional territory.

“This is a deeply serious incident and we are monitoring it closely, with our staff on the ground and with our partners in public government,” FNNND Chief Dawna Hope said. “Our first priority is to minimize the impacts on our lands, waters and wildlife as well as on FNNND and any other affected First Nations. We will then seek to understand how and why this occurred.”

The Northern Miner has requested further comment from Victoria and from the Yukon government. The company canceled an appearance at the Yukon Mining Investment Conference in Dawson City Monday.

The mine produced 1.9 million tonnes in the first quarter for 29,580 oz. of gold; and 8.5 million tonnes in 2023 for 166,730 ounces.

About 500 people work at Eagle not including contractors and consultants."


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