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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

Comment by Oregonduckon Aug 09, 2024 1:50pm
98 Views
Post# 36171776

RE:RE:Complex Orebody

RE:RE:Complex Orebody<p> <span style="font-size:14px;">Chuck sunk $95 million into Cantex, first exploring in Yemen &amp; drilling in Nevada with no success. They subsequently followed Atac Resources into Yukon in 2012 drilling the Mount Good proprety next door but found no gold. They then staked claims in North Rackla and discovered zinc, lead and silver. The stock was hyped up to $7.0 on speculation according to Chad&#39;s own words. Chad, Jennifer, Vern and other insiders including Chuck&#39;s family all exited. &nbsp;Following the news release after raising $12 million @ $6.5, the stock collapsed on disappointing results. The zinc cores were thin and some holes came up zero. So, now they are pivoting to hyping up germanium &nbsp;- a waste by-product from zinc. Right now, they are hoping to find copper nearby. No access road, no NI 43-101, no bankability report for $1.5 billion Capex and no FNNND cooperative agreement. A no-nothing burger.</span></p> <p> <span style="font-size: 14px;">Same goes for Metalex Ventures, another $100 million down the drain with that zombie stock at 1 penny.<br /> <br /> Good luck.</span></p>
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