Cantex Updates Exploration in Yukon, Yemen; Shares Off 40% in Heavy Trading

By Staff,

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Cantex Mine Development Corp. (CD.V) provided an update on its exploration projects in Yukon and Yemen.

The processing and preparation of 1,392 heavy mineral samples collected from both unstaked areas and within the company's eight claim blocks totaling 1,380 claims covering over 28,000 hectares in Yukon is complete. These samples have now been submitted for analysis in Vancouver to test for gold and key pathfinder elements characteristically found downstream of Carlin style mineralization in both Nevada and the Yukon.

Drilling continues at the company's Al Hariqah gold project in Yemen which has been optioned by WCP Resources Ltd of Australia.

Cantex also stated that management is unaware of any material change in the company's operations that would account for the recent increase in market activity.

CD shares were off a penny at $0.015 on volume of 10.65 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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