Cantex Mine Development Corp V.CD

Alternate Symbol(s): CTXDF

Metals & Mining Industrial Metals & Minerals

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.

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Cantex Mine Development Corp > Latest News broke the Camel’s Back

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Post by Oregonduckon May 19, 2021 5:22pm

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Post# 33234797

Latest News broke the Camel’s Back

Fundamentally, the Nevada drilling results look to be a bust with no gold in one property and 0.22 grams in another. More results to come. Also, all quiet in Yukon and the last news there was less than stellar. I think the stock is all washed out. May tick back up later. Not too sanguine here.

Technically, the stock price broke key support at $0.80 following Nevada results that caused it to spiral downward.

Chuck doesn’t do promotions. He bought occasionally in relatively small amounts, but never sold.

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