Metalex Ventures Ltd V.MTX

Alternate Symbol(s): MXTLF

Metals & Mining Industrial Metals & Minerals

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.

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Metalex Ventures Ltd

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Comment by rdwwon Jun 10, 2004 4:43pm

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Post# 7597745

RE: Prospects in Atta based on Victor?

SPQ IMO is getting intertesting stuff - they already know that they have a couple pipes and the good friday pipe came back with diamonds and they have a couple holes out still - all of course in close proximity to Victor. Now that Victor is going ahead - SPQ's pipes shouldn't be viewed as standalone IMO - they should be regarded as feed for Victor whihc brings down the cap costs etc to make this quite possibly doable

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