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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 Apr 25, 2019 8:00pm
81 Views
Post# 29672401

A Fistful of Pennies

A Fistful of Pennies
Chuck is on a roll with Cantex (CD) which, in a year, went from a few pennies to $4.0 recently boosting his wealth > Can $200 million...He currently holds close to half of MTX & the stock is so thin @ 4 cents that it can move to $0.25 - 0.30 in a flash with any news release on U2 or Quebec. Quebec exploration does not need an ice road since it is close to the highway. As for U2, all the requisite permits are in place for its 10,000 tonnes mini-bulk sample except for the ice road access. Attawaspikat FN people are more interested in wild goose hunting than development. However, Chuck can do an end-run in this wild goose chase with the other FN Chief Bruce by building an ice road through Marten Falls rather than Atta, costing more $$. Their band has recently received Govt. approval and funding for an all-season permanent road to Marten Falls, and an another access road to the Ring of Fire where MTX has a base metal mining property. U2 is proximately west of the Ring of Fire. MTX needs to raise some funds to kick start the project(s). I hear Dundee - who had agreed to provide $51 million in 2013 and later rescinded - might be back in the saddle with some funding. Dundee did a 1.5 million shares private placement of CD @$1.00 and made out like bandits. Chuck's halo is glowing bright with CD and as evidenced by the fact MTX had $1 million Mineral Exploration Tax Credits liability on its books forgiven due to the lack of prosecution upon expiry of the Statute of Limitations...Luck be a lady.
Bullboard Posts