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 drew17on Jun 05, 2006 7:16pm

399 Views

Post# 10949106

RE: Time for an update?

The Kel-X lab. was being upgraded and it was to handle the 1st bulk hole sample only. The remaining 15 (est) holes will be done closer to the T1 area. The first few holes took approximately 2 weeks per hole, so one may figure out how long it would take to complete all 16. I wish it was faster but we should have a bit more information when the next exploration update comes out. Personally, I am hopeful that Chuck will give us the numbers for the 1st hole before the end of June. Cheers.

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