GREY:VITFF - Post by User
Comment by
Oregonduckon Jul 23, 2024 4:24pm
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Post# 36145037
RE:Cantex pauses drilling because of Victoria Gold disaster
RE:Cantex pauses drilling because of Victoria Gold disaster Drilling Season Over Soon
Cantex is supposed to start drilling in June. It is late. The drilling season generally lasts for 4 months only ending in Oct. The suspension of drilling means it is over for 2024. There is no way the Victoria Gold disaster will be resolved for a long time, and likely that mine will never restart and will be taken over by the Yukon Govt. under their care just like Yukon Zinc and Minto Metals.
It is a pipe dream Cantex can get an access road through FNNND's treaty lands. Without a road, everything is moot. The First Nation is on the war path against mining with the latest disaster and is still waiting years for the Beaver River Land Use Plan to be finalized.
Chuck should put shareholders' interests ahead of his own ego. Stop throwing good money down a bottomless pit. I expect the shares will soon go sub-dime. (Reposting from Cantex Bullboard)