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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 26, 2008 4:36pm
430 Views
Post# 15234539

uhm

uhmnot sure wy GOG should get mention on this board..but.ok...not dissapointed in that news mind you. since I own a rather large amount of SOI (their partner).  anyways...... the widths are narrow.....so I'm not overly impressed.....

what I do like about the MTX chances are that the widths of copper/zinc mineralization are in excess of 100 METERS..this is no small potatoes..i would think if we get decent grades over HALF that width this stock will go to new highs very rapidly...the obvious area plays are GZZ, TME and MC.

I'm still very uncertain as to which way the zone is oriented. first thought was east-west...now i'm leaning to a more northeasterly-southwesterly strike based on mag data.  Either way, if assays prove up I think we will have a barn burner of a play on our hands.  this area now has proven diamond, copper/nickel/PGE and now VMS potential.  the ultimate end result will be how many of the new discoveries in this area over the next 2 years ($50m or so dollars to be spent in that time) will prove up deposits large enough to warrant a stand alone mine.. certainly NORONT has one..not even a doubt there.

I'm into this play for two reasons:
a) the widths are amazing, and
b) base metal (Cu/Zn) mineralization has been observed in the zone.

I'm long on this one and expect a big return on my investment in MTX, MC and CO.  I wouldn't think we would have to wait for assays too much longer.  The turn a round on rock samples is 3-4 weeks for grab samples and maybe another 1-2 weeks added to that for large drill core orders.

patience should reward here.
Bullboard Posts