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.

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Cantex Mine Development Corp

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Post by drew17on Dec 31, 2003 4:23pm

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Post# 6831563

Latest Financials are out

The 31 Oct. 2003 quarter financials are out. Available at the following link: https://www.sedar.com/search/search_form_pc_en.htm Interesting to note that $ 55,717 was spent on exploration activities during the latest quarter in Yemen. Sampling of the area around Al Masna for the upcoming drilling program would be my guess. The stock on the ask certainly looks a bit on the thin side. A possible breakout on closing of the financing may be in store.

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