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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 Oregonduckon Aug 03, 2018 12:54pm
108 Views
Post# 28411120

Smoke Signals ??!!

Smoke Signals ??!!FN's consent on ice road in the card for fall?

Attawaspikat FN Chief Gull said late last year to CBC concerning Victor Mine's impending closure and, to quote him, "...Hopefully another mine will be opened. That's the hope we have, because without  employment, without opportunities, we're back to square one. " and "I am very hopeful what's happening up the Attawaspikat River with exploration going on that another mine will open some day."

Who' else is working there?? MTX spent $168,000 on U2 for the fiscal year ended April 30, 2018, principally on labour and freight - shipping cores back to the lab.

In addition, the Co. also spent some $182,000 on James Bay, Quebec exploration.
Bullboard Posts