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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 Jul 05, 2008 8:30pm
368 Views
Post# 15261114

Noront

Noront"At the stage Noront is at now, will they do step out drilling on a grid or will they do exploratory drilling?
Or, will they have enough money to do both? The only mining community I've lived in is Snow Lake.
Once they found the ore body, they had to push a road through the swamp, and  build both the mine
and the town. Huge up front costs. Difficult terrain. Ore bodies never seem to conveniently occur
beside the highway and the power lines"

They are doing both.  One drill is at the main showing while the other one is targeting other anomalies.  This is a bit different from Snow Lake.  There wont be any road or town development.  The area is too far north.  It will be a fly in operation much like other northern canadian mines.

By the way some orebodies do lie along the highway and power lines.  The best example that I can think of is Hemlo - a deposit of nearly 100 million tonnes of 4 g/t gold.  I do believe it still is the largest single gold orebody found to date in Canada.  One of the three headframes that was sunk into the deposit is about 100 feet from the Trans Caanada Highway.

Bullboard Posts