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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 carter2on Jun 18, 2014 7:07pm
197 Views
Post# 22673168

Quebec to re revisited once things dry up

Quebec to re revisited once things dry up Only reason for going back is if they found something worth more drilling. Don't think we have to worry about funds as the local natives have actually bought in with cash for 25% of the project. So Chuck could get more cash from them along with his consulting fees, admin fees, lab fees and expenses. That would come to 75% you think?? Chad said there was to be news last week or the week before but as usual nothing. When asked Chad about Chucks concern about share holder return he said it is not the day to day or month to month share price increase it is a mine that will be the return on investment for the share holders. Hope to see some news soon along with the permits for U2 then we can all fell a little bit better about what we thought we invested for. Hang in and keep the faith. The risk will be worth the return IMHO.
Bullboard Posts