Cantex Mine Development Corp.

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 GZ Zone 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 GZ Zone at the Massive Sulphide project. The maiden drill program here in 2021 [...]

Cantex Mine Development Corp. announces that, further to its January 31, 2022 news release, the Company has adopted a new 7% rolling share option plan . The New Plan received TSX Venture Exchange approval and shareholders approved the New Plan at the Company's Annual General Meeting held on January 28, 2022. The New Plan has replaced the Company's 2008 share option plan. The New Plan provides that the number of Common [...]

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 that the final 2021 drill results are now available: GZ Zone Drill Results Drilling at the GZ Zone continues to return high-grade intercepts of silver-lead-zinc mineralization. Further drilling from pad GZ02D, from which hole YKDD21-209 [...]

Cantex Mine Development announces that, further to its news release of March 30, 2022 announcing a private placement, the Company has closed the Offering and has received $5,360,032 by the issuance of 10,052,737 flow through units and 4,812,475 non flow-through units. FT Units were issued at $0.38 per FT Unit and Units were issued at $0.32 per Unit; each FT Unit is comprised of a flow through share and one non-flow [...]

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 [...]