Cantex Mine Development is pleased to announce a fully subscribed non-brokered private placement to raise gross proceeds of up to $5,360,032. The Offering is expected to close on April 1, 2022 and is subject to customary closing conditions, including approval from the TSXV. The Offering will be comprised of a combination of flow through units and non-flow through units. The FT units will be priced at $0.38 per unit, with [...]
Cantex Mine Development has released an update on the work program at its 100-percent-owned 14,077 ha North Rackla claim block in the Yukon. Dr. Charles Fipke reports: GZ Zone Drill Results Drilling from pad GZ02D at the GZ Zone has intersected exceptional silver-lead-zinc grades. The GZ Zone, discovered in 2020, is located on Figure 1. Hole YKDD21-209 drilled at a dip of -45 degrees and an azimuth of 304 degrees [...]
Cantex Mine Development held its Annual General Meeting on January 28, 2022, where shareholders voted to appoint Davidson & Co, Chartered Professional Accountants, as auditor of the Company until the close of the next annual general meeting, and to pass the resolution approving the new share option plan dated for reference December 29, 2021. During the meeting a motion was made and passed amending the number of directors [...]
Cantex Mine Development Corp. has released an update on the work program at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports: Main Zone Drill Results Drilling from pad MZ 51 located in the northeastern Discovery Sector of the Main Zone extends the drill-confirmed strike length of the massive sulphide deposit to 2.1km. Hole YKDD21-186 drilled at a dip of -61 degrees and [...]
Cantex Mine Development announces that, further to its news release of October 5, 2021 announcing a private placement, the Company has closed the Offering and has received $4,200,000 by the issuance of 8,400,000 flow through units at a price of $0.50 per FT Unit, each FT Unit comprised of a flow through share and one-half of one non-flow through warrant; with each whole warrant entitling the holder to acquire one common [...]
Cantex Mine Development announces that it will undertake a non-brokered private placement to raise gross proceeds of up to $4,000,000. The Offering will consist of flow through units priced at $0.50 per unit, with each unit comprised of one flow through share and one-half warrant. Each whole warrant entitles the holder to acquire a non-flow through share at a price of $0.65 for a term of two years. The Company may pay [...]
Cantex Mine Development Corp. has released an update on the work program at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports: Main Zone Drill Results Since the news release of July 13, 2021, ten core holes have been completed from drill pads MZ36, MZ49A, MZ50A, MZ51 and MZ51A in the central and northeastern part of the Main Zone . Exceptionally strong lead-zinc massive [...]
Cantex Mine Development Corp. has released an update on the work program at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports: A group of five geologists visited the accessible newly discovered gold-copper-silver-lead-zinc showings around the high-grade Main Zone massive sulphides presently being drilled. The locations of these showings are presented on Map 1. Anomaly [...]
Cantex Mine Development Corp. has released an update on the work program at its 100-percent-owned 14,077 ha North Rackla claim block in the Yukon. Dr. Charles Fipke reports North Rackla Massive Sulphide Drilling Update To date seven drill holes have been completed from pads MZ30 and MZ51. Six of the seven holes intersected semi-massive to massive sulphides consisting of galena and sphalerite which in holes YKDD21-184 and [...]
Cantex Mine Development Corp. has released an update on the work program at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports HIGHLIGHTS Prospecting of anomalous soil-talus areas Structural mapping of priority areas to commence shortly One drill is to conduct initial target testing this season North Rackla Regional Anomalies Cantex recently received the [...]
Cantex Mine Development Corp. has commenced drilling at its 100-percent-owned 14,077 hectare North Rackla claim block in the Yukon. Dr. Charles Fipke reports Drilling Underway at Massive Sulphide Project Cantex is pleased to announce that drilling has now commenced on its North Rackla project in the Yukon. Currently, two drills are working on testing the Main Zone at the Massive Sulphide project. One drill is testing the [...]
Cantex Mine Development Corp. announces that Mr Thomas Obradovich has resigned as a director of the Company effective May 18, 2021, due to other commitments that require his attention. The Company wishes to thank Mr. Obradovich for his service. SOURCE Cantex Mine Development Corp. Contact Chad Ulansky, culansky@metalexventures.ca, 250-860-8582...
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