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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 Sep 22, 2010 8:36pm
632 Views
Post# 17481535

I called the office today to get some

I called the office today to get someClarification,  Chad is out of the country so I talked with the CFO, Chris.  Cheetah is basically just a shell which is on the NEX board.  All the paper work is going to the exchange to get this back on the TSV exchange once this is done and all is aproved $500,000 will then go in to the shell company as part of the LOI Firm Commitment, the other portion 1.5 million will be due within 6 months.  Brian Gracey is not  one of the people whom Cantex has been talking to and I believe his involvement will be zip.  So we will just have to wait and see what the new company name will be and whom will be on the Board of directors,  Cantex will still run the show as far as the geology and drilling.  I feel a lot better now.  Vale is on site and continuing with the air-borne survey.  This should be a good AGM this year hopefully at the Grand. GLTA
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