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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 29, 2024 4:56pm
190 Views
Post# 36013474

The Mouse:1 North Rackle: 0

The Mouse:1 North Rackle: 0The mouse wins.

Cantex has a Quartz Mine Permit but no Operating Mine Permit. There has not been any access road approved over 50 Km long in the last decade in Yukon. Unless there is a Land Use Plan in place at the Beaver Creek and Peel watersheds, and First Nation's (FNNND) blessing, there will not be a tote road there. The recent landmark appeal victory by FNNND against Metallic and Govt of Yukon, and the court reversal of ATAC road approval said it all. Even Fireweed supported by Teck and Lundin which is much more advanced than Cantex, had voluntarily withdrawn its access road application. Looks like CD without the 43-101, PEA and bankable report for its estimated $1.5 billion Capex and $120 million road costs is in tough on proving mine feasibility.


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