Cantex Mine Development Corp. is pleased to announce that it has intersected copper mineralization in its first three holes drilled at its North Rackla project, Yukon. Copper Project Drilling Since drilling first commenced on June 3, 2024 three diamond drill holes have now been completed at the Copper Project on the western side of the Company's North Rackla property. Previous drilling on this project intersected 2.5 [...]
Cantex Mine Development Corp. is pleased to announce that it has commenced drilling at its North Rackla project, Yukon. It has also arranged a one million one hundred thousand dollar non-brokered private placement. North Rackla Drilling Drilling has now commenced on the Copper Project on the western side of the Company's North Rackla property. Previous drilling on this project intersected 2.5 metres of 3.93% copper [...]
Cantex Mine Development Corp. provides an update on its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports Cantex is pleased to report results from the 5 drill holes completed at the Discovery and Central Sectors of the Main Zone at the North Rackla project. Discovery Sector All four holes drilled at the Discovery Sector intersected mineralization. These holes, drilled from [...]
Cantex Mine Development Corp. announces that, in accordance with the Company's Stock Option Plan, it has granted an aggregate of 2,100,000 options to certain directors, officers, and consultants of the Company. The options are exercisable at a price of $0.50 and have a term of 7 years expiring April 26, 2031. The options also vest in their entirety at the end of 5 years, provided that if an optionee ceases to bee a bona [...]
Cantex Mine Development Corp. is pleased to provide an update on its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports Bulk Germanium Results Cantex's directors are pleased to now have a method that can reliably be used to determine the bulk concentration of germanium within drill core. Determining the bulk concentration of germanium within drill core has the advantage of [...]
Cantex Mine Development Corp. is pleased to provide an update on its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports Main Zone Germanium Results 455 germanium results have been received for drill core from 61 intercepts drilled from 31 pads spanning the entire 2.35 kilometer drill confirmed strike length of the Main Zone silver-lead-zinc-germanium mineralization at North [...]
Cantex Mine Development Corp. is pleased to announce the close of the final tranche of its financing. The Company announces that, further to its news releases of December 5, 7, 18, and 29, 2023 announcing a private placement and the close of the first three tranches, the Company has closed the final tranche of the Offering and has received proceeds of $200,200 from the issuance of 770,000 units , which includes a [...]
Cantex Mine Development Corp. is pleased to announce the close of the second tranche of its financing. The Company announces that, further to its news releases of December 5 and 7, 2023 announcing a private placement and the close of the first tranche, the Company closed the second tranche of the Offering and has received proceeds of $1,130,000 by the issuance of 3,100,000 flow through units and 769,231 non flow-through [...]
Cantex Mine Development Corp. announces that, further to its news release of December 5, 2023 announcing a private placement , the Company closed the first tranche of the Offering and has received $1,419,990 by the issuance of 4,666,633 flow through units and 76,923 non flow-through units . FT Units were issued at $0.30 per FT Unit and Units were issued at $0.26 per Unit; each FT Unit is comprised of a flow through share [...]
Cantex Mine Development Corp. is pleased to announce that it will undertake an additional non-brokered private placement to raise gross proceeds of up to $3,000,000 for additional drilling commencing this spring on the North Rackla project. The Offering The Offering will be comprised of a combination of flow through units and non-flow through units for total gross proceeds of up to $3,000,000. The FT units will be priced [...]
Cantex Mine Development Corp. , is pleased to report that a 89.25 metre intersection of strong mineralization has been encountered at the Main Zone of the silver-lead-zinc-germanium Massive Sulphide project. The Company also is closing a final tranche of its financing. Main Zone Drilling Hole YKDD23-285 was the final hole from the fall 2023 drill program. This hole contained an exceptional intercept from 416.75 to 506 [...]
Cantex Mine Development Corp. is pleased to report that Cantex is presently drilling on its North Rackla claims. The first hole drilled at a -45° inclination into the Main Zone of the silver-lead-zinc-germanium mineralization encountered a 7.8 metre intersection of strong massive sulphide from a depth of 82.5 metres . Cantex is pleased to report such an outstanding intersection on its first hole. Drilling continues. About [...]
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