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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 Oct 16, 2013 7:21pm
280 Views
Post# 21821873

To avoid disapointment just don't look for a price increase

To avoid disapointment just don't look for a price increasefor a looooooooooooooong time. This last news is just more of the same old same old, after 13 years in this dog, I have seen it all before. WCP are trying to pump this thing up as they will need 400 million to get a mine going.  I hope they have lots of cash & friends and family that are willing to risk it in such a hostil country.  Oh ya and of course they are most encouraged for the potential for a large scale gold project. WCP have not even landed a drill there yet, still using the portables that take forever to punch a hole in the ground. A resource estimate in 2014? better get some drills in there quick.  As for the Yukon, like we have all been told before at the AGM's, from discovery to a mine is 10-12 years. Don't forget about Suwar, "World class, largest un-mined nickel property in the world worth 30-40 billion dollars".  Vale does a fly over and it is worth nothing then Cantex drops the lease that cost us next to nothing to keep. Wonder if anyone picked up that ground at Suwar????  $1.05 for me to be even, lucky I averaged down at .0015 cents. But never again will I invest my hard earned money into one of Chucks projects.  Buyer beware.  GLTA
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