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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 Thovarainon Feb 23, 2008 10:02pm
203 Views
Post# 14533773

RE: Angola could put MTX at $5.00 again

RE: Angola could put MTX at $5.00 againAbsolutely! Couldn't agree more. This stock is OBVIOUSLY rising from a ridiculously undervalued position (like most other juniors currently finding their feet after the recent market downtown based on overblown sub-prime fears!) Here's a summary of SOME of the reasons I like MTX: 1) MTX is definitely one of the best bets out there for diamonds. 2) Currently drilling in Angola intersecting kimberlite on FIRST HOLE in HIGHLY prospective diamond zone 3) Share price has already increased over recent days and continues it's upward trend 4) News stream will continue as drilling progresses 5) Likely to hit MANY more kimberlites 6) Probability of finding source of 200 carat diamonds found immediately down stream from current drilling operations So, what's not to like! Like I said, this smells GOOD! I am looking for at least .60 on this run and if they hit something nice - who knows! Thov
Bullboard Posts