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Metalex Ventures Ltd V.MTX

Alternate Symbol(s):  MXTLF

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, Canada. It has an interest in certain claims located in the James Bay lowlands area of Northeastern Ontario, which covers approximately 36 square kilometers (8,944 acres) of ground. It has a 70 % interest in the Viljoenshof Diamond Project in South Africa.


TSXV:MTX - Post by User

Bullboard Posts
Post by carter2on Jan 14, 2016 9:53pm
190 Views
Post# 24460466

No Chance for U2 this year

No Chance for U2 this yearTalked with Chad today, asked him if there was any further discussions with the ATT FN. He said he tried to call them yesterday but they were busy in meetings. I said ya with DeBeers no doubt. Chad said he didn't know anything about DeBeers meeting with the Chief and Council. Would ya think maybe he knows more than he lets on or is he just not into his job? When asked if there is any chance at a winter road to get equipment into U2 it was no not this year. The samples from Morocco are in route by slow boat no doubt, based on past history I would expect those results no sooner than 2020. Quebec will be the next News release out, may even drill some holes under some lakes. Best bet for us is Tango is not feasible, that will be the time for MTX to make their move to JV with DeBeers.
Bullboard Posts