Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

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.

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Metalex Ventures Ltd

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Post by allyboyson May 30, 2015 3:22pm

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Post# 23781185

9 ha verses 15 ha

Beers - Victor has around a15 ha pipe but only part of that pipe has been able to be mined for profit. Metalex has a much smaller pipe around 9 ha (24 acres) that Chad believes has a high percentage value to be fully mined. That is important to me as I felt Debeers Mill would have to be used. So

if the diamond values are similar from both the Victor and U2 pipes the amount mined may also be similar . But check with Chad to better understand why he feels so.

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