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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 Emili0on Oct 26, 2024 11:54am
114 Views
Post# 36283356

RE:RE:RE:RE:Not to worry

RE:RE:RE:RE:Not to worry

You know what, your right. Those are all very excellent observations and points you bring out. But...I should point out that they must have been very close to making a deal happen in the past for them to make the comments they did at the last AGM and them fully expecting a J.V. Deal by next AGM (2025). Perhaps the amount offered wasn't enough or maybe the interested party wanted to see the native road deal signed first.

Speaking of which I'd imagine with the Victoria Gold Mine being shutdown both the Yukon government and the natives would be even more interested in another mine starting up to replace that much needed revenue stream.  

The more we drill, the more we find, the more money we get. We still have the Strike open at both ends and we still haven't been able to find the middle so this Strike could go for a long ways yet on either end. And I believe the theory is that there's another similar Strike running parallel to the one we've found that is still undiscovered. 

Its sad to see that we are further along then ever and the price is at all time lows. Patience is key, these things take time.

Once again, it's not a matter of IF, but When we will have a mine here. 

P.S. - While Teck does have all this money on hand and are ready to invest it somewhere. They aren't going to wait much longer and with the uncertainty of the Russian and Israel wars and the U.S. election, who knows what the future holds. Time is ticking, Tik Tok, let's get a deal done already!

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