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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 piper10on Oct 18, 2005 12:12am
276 Views
Post# 9725421

RE: investor

RE: investorANY EFFECT ON CANTEX? from the Bloomberg news item; "W.H. Ireland will invest 15 million pounds ($26 million) in the company's exploration projects in Angola, Greenland, Mali and Morocco, Fipke said." For Cantex I see that as meaning that exploration funding for Greenland is pretty much guaranteed up to the time Cantex has to decide to enter the JV. (was there any doubt) Apparently, management is still quite bullish on the potential of the Sturgeon Lake prospect, saying that the chemistry is as good or better than Ekati and where there is smoke... P10
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