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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
Post by toolbox11on May 28, 2007 9:04am
297 Views
Post# 12849375

interesting

interestingI find it very interesting that this happened: Metalex Ventures Ltd. (TSXV: MTX) (the "Company") announces that it has entered into a letter of intent with Kel-Ex Developments Ltd. ("Kel-Ex"), a company controlled by Dr. Charles Fipke, the Chairman of the Company, to acquire certain mineral claims located in State of Mato Grasso Brazil in consideration for the issuance of 10,000,000 common shares of the Company The risk and reward right here and now is the best that I have ever seen in my life. Where can you get a deal like this? If they hit some larger stones we could be looking at a billion dollar deposit. If they don't hit some larger stones then there are still a lot of other anomolies being tested. You cannot lose here. Opportunity of a life time. Not much downside here. Time will tell.
Bullboard Posts