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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 May 19, 2024 9:23am
181 Views
Post# 36047828

Chuck Running on Fumes?

Chuck Running on Fumes?I have a hunch that he is low on cash. He gave away all his DiaMet shares to his ex-wife Marlene and retained 10% in Ekati Mine that he sold a decade ago for around US$70 million. He didn't pick up any Cantex PP recently, and managing to raise just $3 million out of $5 million. Chuck would customarily back stop PP's to ensure successful completion. As well, Fipke Stable is now relatively quiet with few good horses. His holdings in Cantex and Metalex are practically worthless. No one will buy them out. 
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