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 drew17on Jul 28, 2004 6:46pm

163 Views

Post# 7756117

RE: Kimberlite pipes.

Substantial? Maybe, perhaps and could be. Just because there is kimberlite, it does NOT mean it is diamondferous! Big Difference. A BHP team years ago discovered one of the largest kimberlite pipes in the world, but it contained no significant amount of diamonds. Note that I am holding MTX shares as a long term investment/speculation. With the latest property diversification into Morocco and Mali and with Peter G. at the helm, I am resting easy. What will the future hold? It will be all upside for me I believe.

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