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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

Post by carter2on Aug 23, 2022 9:21pm
238 Views
Post# 34915896

Spoke with Chad yesterday

Spoke with Chad yesterday Questioned Chad saying 21 weeks ago a news release said there was going to be a summer drill program, what's the plan?  He said it's not a good environment to raise cash in right now.  I was in the understanding That we had enough cash on hand to drill Quebec as it is easy access.  If Morocco paid their bill that would also help with less financing.  Something seems a bit off here, am wondering if there is not a someone looking at the property, with possibly a deal in the works.  On the Cantex front the crew is on the days off for a bit then going back and drilling the gold targets.  When I mentioned the rumours  of a sub Five dollar offer Chads response was" I wish". Seemed like a strange comment as Chuck was talking $60.00 per share.  Be interesting when the drilling is done.
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