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cantex mine development corp (CD) Snapshot

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05/9/13 - C$0.38
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68.4M
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cantex mine development corp (CD) Details

Cantex Mine Development Corp. engages in the acquisition, exploration, and development of mineral properties. It primarily explores for copper, cobalt, platinum, nickel, and gold deposits. The company’s primary project is located in the northwestern part of the Republic of Yemen, where it owns exploration licenses covering an area of 1,583 square kilometers. It also holds interests in 10 claim blocks covering approximately 30,000 hectares in the Yukon, Canada; and a 100% interest in 6 groups of gold exploration claims comprising 140 claims over 1,171 hectares in Nevada, the United States. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

cantex mine development corp (CD) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

cantex mine development corp (CD) Key Developments

Cantex Mine Development Corp. Announces Drilling and Rock Chip Results at Al Hariqah Gold Project

Cantex Mine Development Corp. announced the results from a further seven drill holes which demonstrate the potential for extension of gold mineralization to the south of the previously drilled northern 1km section. Rock chip sampling 400m north of the previous drilling has also extended the known gold mineralization. The work on the project is being lead by WCP Resources Ltd. who is farming into the project from Cantex. Diamond drilling: Results from recent core drilling have again demonstrated potential for extension of gold mineralisation to the south of the previously drilled northern 1km section. Rock Chip Sampling: Recent mapping and selective rock chip sampling 400m to the north of Al Hariqah has returned some high grade assays, including 42.1g/t. Au, 34.1g/t. Au, and 28.7g/t. Au. Sample mass averaged approximately 2.5kg and the majority of the high grade results were from samples containing quartz veins hosted in meta-sediments.

Cantex Mine Development Corp. Provides Update for Yemen and Yukon Projects

Cantex Mine Development Corp. announced the results from a further four drill holes targeting extensions to the known gold mineralisation and infill drilling at the Al Hariqah Gold Project, a prospective and potentially large scale gold project located in the Republic of Yemen. The work on the project is now being lead by WCP Resources Ltd. who have an option to farm into the project from Cantex. In addition Cantex is provided an update on the latest results received from its Yukon project. Al Hariqah Gold Project highlights: Results from recent core drilling have again demonstrated potential for extension of gold mineralisation to the south of the previously drilled northern 1km section (of the total 4km of target strike); four diamond drill holes drilled in this southern extension returned encouraging intercepts including: Hole RDH095A: 15.0m @ 3.67g/t Au from 65.0m, 9.0m @ 2.46g/t Au from 87.0m, 20.0m @ 1.48g/t Au from 112.0m, and 6.0m @ 4.22g/t Au from 143.0m; Hole RDH085: 7.3m @ 2.99g/t Au from 75.0m, and Hole RDH079: 1.5m @ 2.47g/t Au from 72.1m; Hole RDH095A, which is located 80m south of the last drilled section, returned multiple intervals of significant mineralisation, equivalent in tenor to previous drill well mineralised holes further to the north; Cantex and WCP continue to be encouraged by these results, especially seeing multiple intervals of significant mineralisation from the one drill hole. Further assay results from the southern extension will continue to be released over the coming months; and further drilling is also being planned to test the remaining 3km of underexplored strike directly to the south of the northern 1km section. Yukon Project update: Since the December 11, 2013, 807 soil-talus and 59 rock analytical results have been received from Activation Laboratories. North Rackla Soil-Talus results: A 175m soil-talus line was found to be weakly to moderately anomalous in gold accompanied in all but one sample also weakly to moderately anomalous in zinc. Another 375m long line is moderately to strongly anomalous in gold and in some cases weakly anomalous in zinc. Several other lines of varying lengths were found to be moderately to highly anomalous in gold unaccompanied by any anomalous pathfinder elements. Although some of these anomalies appear to be valid, all have been resubmitted for check analyses. Rock Grab Sample results: Rock grab samples were collected by geologists and field technicians whenever limonitic, gossanous or mineralized boulders, talus or outcrop were encountered.

Cantex Mine Development Discovers 600 Metre Gossan at North Rackla Project, Yukon

Cantex Mine Development Corp. reported the discovery of base metal mineralization at its North Rackla project in the Yukon. To date 127 rock samples collected during the summer field program have been analyzed. Of these, twenty were collected by geologist Chad Ulansky from a newly discovered gossan zone which sub-outcrops for a distance of 600 metres with an apparent width of up to 20 metres. The gossan zone is open at both ends. In addition, gossanous float sample KAR0268 in the vicinity of the gossan zone described above (collected approximately 500 meters to the north east) was determined to contain 0.13% copper, 1.01% lead, 11.4% zinc and 0.56 ounces per ton silver. It appears that this float is from a separate zone.

 

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