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 Dec 13, 2006 4:34pm

163 Views

Post# 11862357

RE: hey cool where did you see chuck

To answer your question, there is NO agreement in place with the First Nations and there is NO permit to continue taking the 200 ton bulk sample from T1. Today's news IMO is certainly not unexpected. I suspect MTX will find many more pipes as they continue to explore the properties. Going over the past few years of news releases will give us an idea on how many months it will take to see the results from this latest hole. I would suspect we may see another 1 or 2 N.R. before they announce the next round of financing.

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