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Bullboard - Stock Discussion Forum 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... see more

TSXV:CD - Post Discussion

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Post by Matteo1234 on Apr 09, 2024 5:39am

pappi

  • Cantex Mine Development Corp is focussed on a high grade silver-lead-zinc-germanium project in the Yukon with abundant mineralization over 20% combined lead-zinc, 100g/t silver and it also contains the highest grade germanium ever found in North America ~600 g/t in sphalerite (zinc containing mineral).
  • Management has a history of success, with the discovery of world class Ekati Diamond Mine in NWT, with the company, Dia-Met, being bought out by BHP for $687M and management has skin in the game, with 34% ownership, that was acquired in private placements and the market, not gifted.
  • The company has a tight share structure that includes some of junior mining's most respected investors, such as Rob McEwen (Gold Corp fame and McEwen Mining), Bob Quartermain (Founder of Pritium, taken over by Newcrest for $2.8B), Jeff Stibbard (JDS Mining) and Crescat Capital led by Quinton Hennigh is investing $1.5M in the current private placement offering.
  • 60,000m has been drilled to date and the project has size with drilling defining 2.3km of strike to a depth of 700m that is open in all directions, with planned drilling intended to increase the strike length beyond 2.3 km and identify an anticipated high copper zone.Stayhard
Comment by Matteo1234 on Apr 10, 2024 6:52am
CANTEX CLOSES FINAL TRANCHE OF OVER SUBSCRIBED PRIVATE PLACEMENT WITH A FURTHER INVESTMENT BY CRESCAT CAPITAL LLC.Its all gravy baby $1trillion