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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 31, 2020 12:48pm
200 Views
Post# 30626197

RE:RE:RE:RE:Anyone attend AGM??

RE:RE:RE:RE:Anyone attend AGM??Someone asked if Chuck regretted Cannacord, as they must have been involved in a financing I guess at some point,and he said yes that they did not have patience. Then things went to a comparision of horses and patience, I believe Chuck also mentioned how Cannacord will learn about patience.

$80.00 well that was what was said followed by, Diamet did pretty good for no real promotion. then some ha ha ha

I think that the drill program will start in May

Cash balance I think 7 million, and a lot of one time expenses taken care of last year, like the camp, they also flew in an excavator so they can build their own roads and move drill rigs around with out the expence of a helicoptor. Huge savings, Chuck said he was quiet impressed with what Chad and his team did in the field last year.
 I believe there is enough cash to drill up to Dec next year.

Assasys by March I think? 

Did not ask about Chads shares but did mention him selling and grabbing 1.2 million at the MTX AGM. he said everyone should have sold some. 

I would be courious to see how much money was made on the shorts
 
 
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