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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 May 28, 2012 8:57pm
441 Views
Post# 19954421

RE: RE: RE: april may june ? vale geo results

RE: RE: RE: april may june ? vale geo results

If we are not told the results that could be a good thing.  If Cantex did receive the hard drive with the data then they have the right to review that data and drill some follow up holes to verify. This is what I was told may be done, drill a few more holes. The air bourne survey that was done by Vale was to expand the resource, we know from drill results what is there and it was good enough for Falconbridge to want in twice.  Best case senario is that Vale wants to buy the property out right and into put in their resource reserve.  That maybe why Cantex want's to verify what the data is to make sure they get paid for it all.  Just me dreaming but you just never know what Chuck has up his sleeve, it would not be the first time he sold a un-mined resource. GLTA

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