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Additional Information
Market: TSX Venture
Sector: General Mining
Epic: CD
News: Latest news
Web Site: Cantex Mine Development
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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Cantex Mine Development

Cantex Mine Development

Cantex's primary project is located in the north-western part of the Republic of Yemen where it owns exclusive exploration licenses of 698 square kilometers aerial extent. Nickel, Copper, Cobalt and Platinum have been discovered on three of the Company’s licenses at Suwar, Wadi Qutabah and Al Masna, while a gold deposit has been discovered on its Al Hariqah project.

Tuesday, November 17, 2009

Vale commits further US$1 million to Suwar copper-nickel-cobalt project with Cantex Mine Development

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Cantex Mine Development (TSX-V: CD) announced that Vale S.A. has decided to option its nickel-copper-cobalt-platinum group element properties in Yemen, agreeing to spend an additional US$1 million on the Suwar project in 2010.


The period for Vale to commit to spending the additional amount was previously extended earlier in the month after the company has funded US$2 million in exploration expenses at the project since optioning it in November 2008.


Cantex said the project had the potential to host a significant copper-cobalt-platinum group element mine, welcoming Vale’s decision to commit more funding to the ongoing exploration activities.


Previous drill results included intervals of 22.05m (metres) at 1.41% Ni (nickel), 0.91% Cu (copper) and 0.07% Co (cobalt), 43.21m at 0.86% Ni, 0.46% Cu and 0.05% Co, 11.30m at 1.13% Ni, 0.50% Cu and 0.06% Co and 21.80m at 1.45% Ni, 0.78% Cu and 0.06% Co.


Five holes totalling 2,125 metres were completed prior to the start of Ramadan. The company is currently drilling a hole testing a geochemical anomaly so the south west of the main mineralisation trend, which has so far intersected a broad zone of sulphide mineralisation and a second zone of sulphides.


Other activities planned for the Suwar deposit include metallurgical testing of the sulphide mineralisation intersected to date, while an electromagnetic geophysical survey is expected to be completed in 2010 with anomalies generated by this survey to be drill tested.

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