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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory, Canada where high-grade massive sulphide mineralization has been discovered. Over 60,000 meters of drilling has defined high grade silver-lead-zinc-germanium mineralization over 2.3 km of strike length and 700 meters depth. It has a 100% interest in four mineral properties in Nevada. It has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Al Hariqah is a near-surface gold deposit located about 130 km northwest of Sana’a, Yemen. The Al Masna’a nickel, copper, cobalt project is located in the Saadah region some 205 km north-northwest of the capital city, Sana’a.


TSXV:CD - Post by User

Post by carter2on Nov 09, 2009 8:44pm
835 Views
Post# 16469383

Called the Cantex office today

Called the Cantex office todayChad was not in so I had a chat with Chris.  I spelled out the displeasure that the shareholders have towards the last NR, specifically in regards as to how it discredits the fact that we have a world class deposit.  Vale only drilled 1 hole in the Suwar deposit and did not get to the depth they wanted, the other holes were to extend the deposit and that is what did not constitute the pre-feasability.  I asked Chris if Cantex had a back up mining company that would step in if Vale exited.  Chris's reply to that question was no, as there is nothing to indicate that Vale is going to walk away.   Vale is on site spending the additional 1 million dollars.  The Logan drill is on site on stand by and the Cantex drill is turning at Suwar.  It could be the NR was there to shake out the day traders and non believers.  There will be news by the AGM and I for one am in until the end.  Keep the faith the longs will be rewarded.
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