Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

Metalex Ventures Ltd. is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. The Company’s principal projects are located in Quebec and northern Ontario (U2), Canada. Its overseas projects are located in South Africa, Morocco and Mali. Its projects include Wemindji James Bay Property, Kyle Lake Property, Viljoenshof Diamond Project and James Bay Lowlands Property. It has a 100% earned interest in mineral claims located in the Kyle Lake area of Ontario, located approximately 200 kilometers (km) west of James Bay in Northern Ontario and about 80 km west of De Beers’ Victor Mine. It also has an interest in various mineral claims located in the Wemindji James Bay region of Quebec for the exploration of diamonds and owns 100% of the non-diamond project. It also has a 100% interest in certain mineral claims in the James Bay Lowlands area of Northern Ontario. It has a 70% interest in the Viljoenshof Diamond Project in South Africa.

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Metalex Ventures Ltd

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Comment by piper10on Oct 10, 2011 10:04pm

236 Views

Post# 19135659

RE: News

Good posts Guys.

Excellent questions cool - I'd be surprised to get an answer anytime soon.

Bandi and Oregon - good clairification - I would only add another phrase to your Section c) Oregon.

c) Goodman may acquire additional 21% of the 2 projects by advancing another $20 million for an effective control of 51% of U2 and T1.
"and by completing a feasibility study with respect to the U2 kimberlite pipe"

P10

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