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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 prospector24on Jun 22, 2008 8:39am
417 Views
Post# 15214087

regional mag

regional magshows an area of high mag on the canadian orebodies/alberta ltd claims. its a 60/40 JV for CO with Verbiski's company. of course the high background mag could be any number of things (ie disseminated magnetite within the mafic volcanics, more ultra-mafic type units, etc). The actual find seems to be within an area of lower magnetics and close to the strike slip fault that displaces the east side of the belt to the north. On the other hand, a more local ground mag survey may show that MTX is on the eastern edge of this strong mag feature and in that case the CO property looks pretty inviting.

MTX will likely want to explore the northern strike potential heading easterly on the newly acquired GZZ ground before if heads off on ground joint ventured out by Temex. If the zone is more northeasterly-southwesterly and parallels the slip fault then the ground to the south (also GZZ) looks promising.

Sooooooooo many unknowns still. Until they start releasing drill log info on geology, dip, strike, etc we are in the dark but this mag map will show us the regional magnetic setting and possibilites.

Hopefully this is the week assays come out! I'm expecting a pretty good market play here.

https://img357.imageshack.us/img357/756/mtxshowingmagzk6.jpg

Bullboard Posts