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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

Comment by pennymaker69on Jan 19, 2024 6:51pm
161 Views
Post# 35836823

RE:Great find cool. Here qued up for everyone here.

RE:Great find cool. Here qued up for everyone here.Here text with the video with timer.

Jim (0:41:34): I know your 2024 Bottom-Fish Collection is for KRO members only but can you tell us the name of its strangest member?

Chuck Fipke's Metalex Ventures Ltd is the oddest member of the 2024 Bottom-Fish Collection because Chuck has had zero success discovering Ekati for Dia Met, an Metalex is a multi-decade disappointment with one rollback along the way. But the reason I made it a BF and bought it as such was news in November that the company has discovered that spodumene grains ended up in the otherwise uninteresting intermediate grain density fraction of the 10,000 plus till samples Metalex has collected in Quebec James Bay region, initially for diamond indicator minerals, but later also for other heavy elements such as gold. This is the same path followed by Dios Exploration Inc, another bottom-fish, except on a much bigger scale. The company has a couple claims called A1 and A2 located between Brunswick's Mirage and Winsome's Adina projects which were staked for gold, but have pegmatite outcrops that Chad Ualansky's team managed to sample after the fire closure lifted. They did not have an XRF or LIBS unit so whether they are LCT-type will hinge on assays. But Metalex is now looking at ways to efficiently check the samples in areas that are open. They have already done so with samples down ice from known LCT-type pegmatites, so they know the spodumene grains are a meaningful indicator. But most of the staking by juniors has focused on greenstone belts, which are only coincidental to pegmatite emplacement, So my gamble is that once Metalex has checked out its samples, it may discover prominent and short spodumene trains emanating from areas wide open to staking. The hedge is that the junior finally gets a mining lease granted on the Vijoenshof project in South Africa near Kimberley where a cluster of small kimberlites found by De Beers during the sixties but abandoned because "too small" has excellent chemistry for both ecologitic and harzburgitic diamond source rocks.

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