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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 Oregonduckon Apr 28, 2023 10:28pm
322 Views
Post# 35420467

Very Modest Program

Very Modest Program

Roughly half of $1.2 million raised will go for exploration and the balance of $676,000 for working capital and bills.
Chuck has subscribed for $990,000 and his director took down $10,000. 

It would appear Chuck is continuing to extend a lifeline to keep the lights on. Stock is treading water. The Yukon Cantex exploration has been ongoing for a decade. Chad wrote a paper in 2012 targeting gold following ATAC's Rackla discovery. Cantex didn't find any gold but zinc and lead that morphed into Germanium. ATAC has accepted a takeover for little to nothing. The initial approval for the access road to ATAC Rackla discovery has been rescinded by the Yukon Govt by First Nation invoking their territorial land rights.
 

Chad also said at the AGM that there is a 50 meter thick hard rock to the deposit. The stock got hammered down from $7.00 due to disappointing results.
 

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