Title: Nevada Project History
1CANTEX MINE DEVELOPMENT CORP YEMEN
2YEMEN EXPLORATION SUMMARY
- Commenced in 1996
- 52,000 km2 explored
- 3 project areas drilled
- US17M expended
3MINERAL DISCOVERIES IN YEMEN
- Al Hariqah (Au)
- Suwar (Ni, Cu, Co)
- W. Qutabah (Ni, Cu, Co, PGE)
- Al Masnaa (Ni, PGE)
- Al Fayad (Au)
- Indications of other mineralization
4Al Hariqah - Au
5Al Hariqah - Geology
1000 m
6Al Hariqah Gold in Soil
1000 m
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9Al Hariqah Cross Section
10Al Hariqah Cross Section
11PART OF THE AL HARIQAH GOLD DEPOSIT LOOKING NORTH
12Al Hariqah Gold Deposit Looking North
13Al Hariqah Gold Deposit
- Assuming 40Mt at 1.65 g/t
- Revenue of US 1,320 million
- Profit of US 680 million
- Potential IRR of 21
- If there are 60Mt at 1.65 g/t
- Revenue of US 1,980 million
- Profit of US 1,100 million
- Potential IRR of 33
As of April 2007
14Suwar Ni, Cu, Co
15Ni-Cu-Co mineralization over 1,200 2,700m with
potential in ground value of US12 to 30 billion.
16Regional Setting of the Suwar and Wadi Qutabah
Deposits
- Layered mafic complex (like Sudbury)
- Indications of additional mineralized bodies
17CENTRAL PART OF SUWAR NICKEL DEPOSIT
18SUWAR PLAN SECTION
- UTEM anomaly of 1.1 km
- 27 diamond drill holes
- Inferred mineralized zone 2.7 km x 140 m x 30 m
- Drilled mineralization over 1,100m with potential
for 2,700m - Mineralization typical of that found in other LMC
(Sudbury, Jinchuan)
1000 m
19Suwar Longitudinal Section
20NW
SE
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22SUWAR PROJECTIN GROUND METAL VALUES IN DRILL CORE
23POTENTIAL INGROUND VALUE OF THE SUWAR NICKEL,
COPPER, COBALT DEPOSIT
24SUWAR NICKEL DEPOSITCONCLUSIONS
- 1100 m of strike tested in a zone 2,700 m long
- Discovered Ni grades are comparable to some other
large Ni mines in the world - Potential exists for the discovery of a world
class Ni deposit - Potential in ground value of US 12 to 30 billion
25Wadi QutabahNi, Cu, Co, PGE
26Sample highly anomalous in PGEs Drill hole
location
27Al Masnaa Ni, Cu, Co, PGE
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29Geophysics
Intersection of 7.6 Ni, 1.2 Cu over 0.39m
Intersection value is US4,000 / t
30Nickel and Rhodium
31Copper and Cobalt
32Platinum and Palladium
33AL MASNAA NICKEL PROJECTSOUTH HALF OF ANOMALOUS
AREA
34POTENTIAL INGROUND VALUE OF THE AL MASNAA
NICKEL, COPPER DEPOSIT
Assumes an average grade of 1 nickel and 0.4
copper. No allowance made for other metals.
35 36Gold
Arsenic
Qtz rich sericite schist
Amph Bt Schist
Qtz Eye Porphyry
800 m
37Global Conclusions - Yemen
- 2 potential major nickel resources discovered
with conceptual in ground metal values of US 12
to 30 billion - 2 to 3 Million oz potential gold deposit