Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX Venture
Sector: General Mining
Epic: CVE:CD
News: Latest news
Web Site: Cantex Mine Development
Other Articles:

RSS - Subscribe to the News Today on Proactive UK ▼

Wednesday March 17, 09:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Wednesday March 17, 06:53SocGen "moderately bullish" on commodities in a two-speed world

Moderately bullish on commodities as a whole for the year, Société Générale asserts that prices are likely to vary considerably from metal to metal with a strong emphasis on developing economies still a major theme.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
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

company news image

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.

AddThis Feed Button
Register here to be notified of future Cantex Mine Development articles.

Investors interested in Cantex Mine Development recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.