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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 Matteo1234on Apr 09, 2024 5:39am
215 Views
Post# 35978253

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  • Cantex Mine Development Corp is focussed on a high grade silver-lead-zinc-germanium project in the Yukon with abundant mineralization over 20% combined lead-zinc, 100g/t silver and it also contains the highest grade germanium ever found in North America ~600 g/t in sphalerite (zinc containing mineral).
  • Management has a history of success, with the discovery of world class Ekati Diamond Mine in NWT, with the company, Dia-Met, being bought out by BHP for $687M and management has skin in the game, with 34% ownership, that was acquired in private placements and the market, not gifted.
  • The company has a tight share structure that includes some of junior mining's most respected investors, such as Rob McEwen (Gold Corp fame and McEwen Mining), Bob Quartermain (Founder of Pritium, taken over by Newcrest for $2.8B), Jeff Stibbard (JDS Mining) and Crescat Capital led by Quinton Hennigh is investing $1.5M in the current private placement offering.
  • 60,000m has been drilled to date and the project has size with drilling defining 2.3km of strike to a depth of 700m that is open in all directions, with planned drilling intended to increase the strike length beyond 2.3 km and identify an anticipated high copper zone.Stayhard
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