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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

Bullboard Posts
Comment by drew17on Mar 29, 2005 7:59pm
207 Views
Post# 8827665

RE: Very quiet on the board.

RE: Very quiet on the board.I believe it was Chuck's proprietary methods that led to Canada's first economical diamond discovery in the NWT. (Ekati) You may remember that it was Chuck (and Stu Blusson?) that started the massive rush in the early 90's. Perhaps someone more knowledgeable may have more detailed information on the various costs involved. In any event, with my very limited knowledge, I believe that his method all boils down to the types of any indicator minerals that he finds and where they are located. Depending on the grouping of the indicators, this may point him off in a more specific location to follow any trail. Using auger drilling is a cheaper method to follow any trail compared to RC drilling.
Bullboard Posts