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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 Dec 04, 2010 4:49pm
726 Views
Post# 17801448

Thought I would share with you all what

Thought I would share with you all whatinformation I have learnt from my recent conversation with management in regards to what is up and coming.  The 43-101 assay results have been turned over to Emperor Minerals as part the TSX application and for approval of the JV AH deal.  That approval is in the hands of the TSX, don't know of any reason why this wouldn't be approved and this should be complete any day now.  Emperor has lots of money to get a mine going, to the tune of for starters 100 million large.  Cantex is going to run the geology end of the project which includes the purchase of a couple more drills, as there is going to be a drill program unlike any others that have taken place in Yemen.  A drill hole every 50 meters down 250 meters for 4 kilometers.  This will be a open pit mine and locals will be trained to drill, drive trucks ect.  The Dubia group (Emperor) is the cash part, a contract miner will be hired to do what they do best.  Once the deal has the TSX approval then Emperor will start their aggressive promotion which of will trickle down to Cantex.  Cantex will be making AH known to the world with a television documentary of the project.  All this will be timed to coincide with one another, oh and yes there will be some institutional buying and promoting going on.  Suwar is going ahead full steam and we should expect a report of the air borne survey results and the Vale 2011 drill program by Xmas if not than the AGM.  Also there will be no further dilution of the stock as our partners are paying for everything from here on. So keep the faith and buy up all you can afford because this thing will be over a buck before you know it IMHO.  11 years for me and payday is just around the corner.  
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