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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

Cantex Mine Development Corp > Drilling Results won’t move the needle
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Post by Oregonduck on Jul 02, 2024 4:23pm

Drilling Results won’t move the needle

Chuck states in the latest Management Discussions that North Rackla is not yet proven to be an economic orebody. They need 43-101 and PEA to substantial the discovery.
It is imperative that they undertake baseline habitat study on moose, caribou, grizzly bears, fish and other endangered species. They also require to do environmental study and permitting. Unless they get a 100km access road through FNNND heritage Beaver River land, everything else is moot. The Victoria Gold disaster will likely kill off any and all exploration projects. 
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