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Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Metals & Mining Industrial Metals & Minerals
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

Cantex Mine Development Corp > Why no NI-43-101??
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Post by Oregonduckon Oct 20, 2024 2:35pm
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Post# 36273816

Why no NI-43-101??

Why no NI-43-101??Whether you agree or not, Chuck is within his fiduciary duty and good faith to not get it done under the "Business Judgment Rule" accorded by the courts to management.

Nobody knows what Chuck has found in North Rackla without an independent validation such as 43-101.  They need to do a bulk sample and bring in large equipment like excavators to dig up and estimate grade & tonnage. There is no access road through FNNND heritage land to their remote Alpine Werneke mountains site. Any complaints by shareholders will fall on Chuck's deaf ear.

https://www.lerners.ca/lernx/business-judgment-rule/
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