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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 28, 2022 7:46pm
222 Views
Post# 34373550

RE:RE:RE:RE:RE:RE:RE:2019 AGM management felt bad for the rollbacks

RE:RE:RE:RE:RE:RE:RE:2019 AGM management felt bad for the rollbacksI attended the AGM.  Chuck added a new fellow to the board of directors. Will to be very beneficial to both MTX and CD.  We now have enough drilling done to justify a JV, we don't have a 43-101 compliant resource estimate but that is not nessary for the majors interested.  Chuck has given the green light to get a JV done and would sell if the price is right.  Previously Chuck wasn't ready to move forward like he is now, as now with the amount of infill drilling done, everyone will get  the value reflected in the drill results.  There is a very rich copper deposit that was being drilled at the end of the season but they had to cease drill operations as the seasonal creek went dry, drill left on site ready to restart drilling in spring, geologist from majors were on site and interested in the copper deposit to the west of the main zone.  Chad seemed to indicate that the funds nessary to  continue on with the drilling may come from a JV partner rather than another financing.  All in all I feel that we have world class deposits that have the potential to contain multiple mines.  After 22 years I fell we are going to be in for a payday.  The New guy will be the deal maker, big time mining financial background.  GLTA
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