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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 > When drilling commences that will indicate
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Post by carter2 on Jul 23, 2024 5:58pm

When drilling commences that will indicate

That the First Nations have looked at the project and approve the mining plan.  All exploration and mining is going to be reviewed in the Yukon, only the ones that pose little to no environmental threat will be allowed to continue operations.  When the drilling commences so will the share price.
Comment by MassiveisKing on Jul 23, 2024 6:06pm
How would you know this information regarding approval of the mining plan? 
Comment by Oregonduck on Jul 23, 2024 6:23pm
All Cantex has is a Quartz 3 Mining Permit, but no Quartz 4 Permit. To get that they need Govt permitting approvals such as environmental, water, FNNND blessings, etc. The FN has said no project can procceed without Beaver River Land Use Plan in place. Like Peel Watershed bordering North Rackla in Beaver River Watershed, it took a decade or more to be approved. Throwing in the Victoria Gold ...more  
Comment by carter2 on Jul 23, 2024 8:54pm
Do you really need to ask such an obvious question.  The purpose to stop all exploration is to review risk, once the drilling commences that will indicate that the risk is within acceptable levels.  The First Nations and government aren't going to say go ahead and drill but no chance of a mine.  Why would they and why would we continue unless we had thier blessing. Hopefully we ...more