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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 pennymaker69on Sep 29, 2023 12:31am
227 Views
Post# 35660926

Well the MD&A says drilling is done...

Well the MD&A says drilling is done...
Three claim blocks which Metalex applied for have received final approval in Quebec. Claim block B1, covering 28,620 hectares, covers an area anomalous in gold, arsenic, copper and cobalt. Claim block B2 was staked to cover an area measuring 20,800 hectares anomalous in gold, arsenic, silver, copper, nickel and cobalt. Claim block B4 has been staked to cover a broad
area (24,322 hectares) of anomalous nickelcopper cobaltmolybdenumarsenic with gold in places.

Crews had commenced preparations for drilling on the A5 claim block in the spring of 2023 prior to suspending operations due to elevated fire risk. Drilling recommenced late summer and five holes were completed
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