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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
Post by piper10on Nov 24, 2005 12:49am
253 Views
Post# 9909225

The Northern Miner

The Northern Miner The Northern Miner week of Nov.11-17/05 has an article on page 14 by reporter Vivian Danielson entitled "Metalex hits at Kyle Lake, scours globe for diamonds". The front page header is "Metalex Ventures - What's Chuck Fipke up to?". The article, I understand, is the result of a couple hour interview with Chuck. The half page article reveals a few interesting statements that I had not heard before. Angola: Six good concessions Seven largest anomalies predominated by periodic garnets. 13 known kimberlites contain eclogitic and periodic garnets. some of the targets cut by the Cuango River. drilling program proposed for next year. Greenland: previous DiaMet work found one small pipe. expect to drill test after freeze up. Attawapiskat: diamonds found in several locations "spectacular indicator minerals with near source morphologies" from recent sampling. focus is to further test this area. Now all of this points to some major work programs being planned for the near future. The closing of the current PP should happen soon if these plans are to come in to being. P10
Bullboard Posts

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