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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 Massivesulfideon Sep 11, 2024 4:12pm
118 Views
Post# 36219203

RE:I have to wonder

RE:I have to wonderIn speaking with Chad back in February in Toronto at PDAC, he indicated that airborne surveys were not as effective as he moved up the hill as it was in the past when it was used, largely in identifying rocks that had already tumbled down to the bottom of the valley that were rich in metals. I think he is proceeding straight up the hill along visible fault lines, and continuing his drilling, largely by line of sight. However, relying on the copper sulphide indicators is new and am pleased to see geochemical information now is steering the drilling direction to hopefully what will be the centre of this ever growing find. I think by the end of this year they will be at the boundary of the claim block or close to it and will need to discuss with the Yukon government how to proceed to extend the drilling to contiguous land that has not been registered for exploration. Unless this thing snakes back parallel to where they've already drilled, we will be leaving the North Rackla claim that they have 100% interest in. As a final thought, enjoy the cheap share prices this week. Most people I know that are selling here are eager to have it done by now, so they can get back in before pertinent information is released and the stock bounces back by the end of November. Tax loss selling should run another week or two for most pros. A bit longer for people that aren't managing their money properly.
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