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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

Comment by carter2on Jan 28, 2010 3:39pm
313 Views
Post# 16729733

RE: RE: Pre-feasibility and feasibility studies

RE: RE: Pre-feasibility and feasibility studiesOnly problem being to have a 43-101 compliant resource estimate, Cantex will need to drill 1000 more holes, and at the rate they are capable drilling we are never going to see a 43-101. Chuck stated at the last AGM that there was Middle Eastern interest in a gold mine JV, but Cantex had to have the pre-feasibility complete.  I would like Chuck to answers  some questions.  1) Based on the drill results to date, and the evaluations you have calculated, does it appear that with continuing grades from the remainder of the holes, a mine will more than likely occur ??  2)  In the likely hood of a reverse split, would this only occur if you were to do a financing and go AH alone ??  So if anyone is going to the AGM tomorrow and would ask those questions, then post what Chuck had to say, I would appreciate it. Regards Carter
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