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.

TSXV:MTX - Post by User

Metalex Ventures Ltd

Bullboard Posts

Post by Oregonduckon Mar 18, 2016 12:58am

112 Views

Post# 24673605

Morocco

Is there gold in 'em hills?

MTX is not just a diamond company. It is also exploring for base and precious metals in Morocco in 2015.

The sample rocks in the container arrived from Morocco - Tichla Awserd is 60/40 JV project with the Moroccan Govt. (ONHYM) - for Au and Cu. Kinross' 20-million onces Tasiast gold mine is to the south of the area. SNIM's world-class iron mine is to the east.

MTX has spent $5 million over the years on Morocco, and incurred most of its exploration budget there last year.

https://www.onhym.com/pdf/Cartes_info_pr_invest/Map_Mining_Projects_2015.jpg

Bullboard Posts

The top 10 Canadian medical stocks