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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 Canbeaon Aug 17, 2023 12:59pm
228 Views
Post# 35593193

Best Part

Best Part

With the highest-grade germanium project in the world, it may be possible to get much of the funding from Uncle Sam.

Cantex has management, heavy hitter investors and has just added some icing to the cake in the form of germanium. Adding the value of half an ounce of gold per tonne would probably make it worth mining anywhere on earth and some areas on the moon.

I like the Cantex story enough to have picked up some shares while they were still on the discount table. I suspect a major is going to want to have a piece of a company with 100% ownership of a high-grade Ag-Zn-Pb deposit with a germanium kicker.

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