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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 pennymaker69on Jan 17, 2025 5:59pm
77 Views
Post# 36409776

RE:Had a conversation

RE:Had a conversation
carter2 wrote: The company is expected to have a meeting with First Nations in the next week or so.  Chuck is working on a Major to drill the property this season which will include larger drills to verify depth, that I suspect will depend on the First Nations meeting and approval of a mine.  The remaining samples will be available by the AGM.  Some news will be out in the next week or so.  Obviously a major is serious about this project.  Be patient the pay off will be huge IMHO.


Thanks for that info. You plan on following up after a week too see how that meeting goes?

I think they have done what they can with the drill they have. They need to go deeper than 700 meters and a Major would do that kind of drilling. IF they do and the depth is even deeper than 700 meters could be massive find.

If they working on a Major to drill and test this 2025 program they might not have a full sale but a JV deal. (I bet it's that 70/30 with some finders fee)
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