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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 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.


TSXV:MTX - Post by User

Bullboard Posts
Comment by drew17on May 26, 2007 4:16pm
137 Views
Post# 12844686

RE: ?Botavi diamond project in Brazil?

RE: ?Botavi diamond project in Brazil?Regarding the NR on a Friday night, this was likely done to ensure that all shareholders regardless of their location were all aware of the news while the various stock markets markets were closed. MTX also trades on the Frankfurt Exchange and there is a time difference involved. I wouldn't consider the news an earth shattering event but I do believe that by bringing one of the last properties of Chuck's into the company it will likely improve the attractiveness of the entire package of properties world wide controlled by MTX. Another 10 million shares owned by Chuck will likely make it more difficult for some predator company to come along and scoop us up at fire sale prices. This industry is also going through consolidation and it is only a matter of time before someone comes knocking on our door.
Bullboard Posts