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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 coolshiverson Nov 25, 2022 9:41am
244 Views
Post# 35127841

Claim 5 Dimensional model

Claim 5 Dimensional modelAppears prospective for bulk tonnage discovery that can exceed lac tio in grade + gold.
MTX wants JV partners that won't sit on any deals and RIO in this case has a new upgraded plant that would need feed stock. So it is possible. 5 holes will tell us if it's there. Finally after a decde of U2 screw arounds by Canadas Cease pool, another target has presented itself. 

I'm not as enthusiastic about the SA diamond property. Just becasue diamonds have been a fools game the last 20 years. But I do echo MTX's thoughts that it doesn't matter if it is dimaonds or tomatoes. Cost per ton to mine is cheap and that makes the SA property more viable then many of the other dimaond discoverys. After all, these are dirt moving operations and SA is set up for this.

The new claims can be something to do after these.
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