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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 divestoron Jul 11, 2014 2:10pm
231 Views
Post# 22737692

So now we know why Chuck raised some cash... Dundee out.

So now we know why Chuck raised some cash... Dundee out.KELOWNA, BC, July 11, 2014 /CNW/ - Metalex Ventures Ltd. (MTX.V) ("Metalex", the "Company") announces that Dundee Corporation ("Dundee") has decided to terminate their interest in the current earn-in agreement for the U2 and T1 kimberlite pipes. Dundee states the reason behind the termination is due to the continued delay in receiving permits and the execution of an exploration agreement with the First Nations Communities of Attawapiskat and Marten Falls . As a result, Metalex has contacted alternate groups with both the interest and financial capabilities of conducting the previously announced bulk sample of U2 and, if positive, mine development.
Bullboard Posts