Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
In the same category
Metalex Ventures Ltd. Exploration Update
Published : December 07, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Cobalt |

Metalex Ventures Ltd. Exploration Update

KELOWNA, BC, Dec. 7, 2012 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX), ("Metalex") is pleased to provide this progress update.

U2 Diamond Project

Preparatory work continues for the upcoming 10,000 ton bulk sample of the U2 kimberlite.  Sepro Mineral Systems Corp. ("Sepro"), from Langley, BC, has been chosen as the supplier of the processing plant which is to be utilized on site.  Sepro has commenced construction of this 20 ton per hour plant and it is expected to be ready in time for the upcoming winter road season.

Geological and geotechnical logging is underway on 25 pilot holes drilled at U2.  This work is being undertaken under the direction of Dr. Barbara Scott-Smith, a world renowned kimberlite petrologist.  Geologist Sonya Nielson discovered an embedded Diamond in the core while logging.  This logging program will aid in the planning of the bulk sample and interpretation of the bulk sample results.

The final comprehensive agreement with the Dundee Corporation group ("Dundee") which contemplates Dundee funding $51 million dollars to earn a 51% interest in the U2 project is nearing completion.

Quebec Metals Project

Metalex has completed a work program on its Quebec project.  As a part of this program, 11 claim blocks have been staked totaling approximately 20,110 hectares.  These claims were staked to cover the heads of anomalous geochemical trains as determined by heavy mineral sampling.  Four of the claim blocks cover trains anomalous primarily for gold.  One claim block covers a train anomalous primarily in base metals (copper - nickel - cobalt).  The remaining six claim blocks are anomalous in both gold and base metals.

During the field program a total of 1,673 heavy mineral samples were collected and these have now arrived at the CF Mineral Research Ltd. laboratory where processing has commenced.

The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.


Charles Fipke
Charles Fipke

Forward Looking Statements

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties.  Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks.  The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements.  Metalex undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Metalex Ventures Ltd.

For further information:

Chad Ulansky, President & CEO, +250-860-8599,

Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Metalex Ventures Ltd.

ISIN : CA5909152038
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Metalex Ventures is an exploration company based in Canada.

Metalex Ventures holds various exploration projects in Angola, in Canada and in Greenland.

Its main exploration properties are ATTAWAPISKAT, T1 (KYLE LAKE) and RING OF FIRE in Canada, UMIIVIIT/ SW GREENLAND in Greenland and ANGOLAN in Angola.

Metalex Ventures is listed in Canada and in United States of America. Its market capitalisation is CA$ 7.6 millions as of today (US$ 5.8 millions, € 5.2 millions).

Its stock quote reached its highest recent level on February 28, 2003 at CA$ 5.60, and its lowest recent point on December 05, 2014 at CA$ 0.03.

Metalex Ventures has 108 100 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Annual reports of Metalex Ventures Ltd.
2008 Annual Report
Financings of Metalex Ventures Ltd.
3/21/2011Financing Announcement
Project news of Metalex Ventures Ltd.
Corporate news of Metalex Ventures Ltd.
4/21/2015U2 Kimberlite Bulk Sample Permitting Complete
11/1/2014October 31, 2014 -
7/11/2014Metalex announces termination of current agreement with Dund...
4/3/2014MPVC announces changes in management
2/20/2014from Metalex Ventures LtdCc:
2/20/2014U2 kimberlite bulk sample delayed, Quebec drilling upcoming
12/30/2013from Metalex Ventures LtdCc:
10/26/2013from Metalex Ventures LtdCc:
3/15/2013from Metalex Ventures Ltd
3/15/2013partners with Dundee to develop U2 kimberlite pipe
12/7/2012from Metalex Ventures Ltd
12/7/2012Exploration Update
6/28/2012from Metalex Ventures Ltd
3/21/2012from Metalex Ventures Ltd
1/20/2012from Metalex Ventures Ltd
11/22/2011from Metalex Ventures Ltd
10/6/2011from Metalex Ventures Ltd
9/20/2011from Metalex Ventures Ltd
8/16/2011from Metalex Ventures Ltd
5/16/2011from Metalex Ventures Ltd
4/14/2011from Metalex Ventures Ltd
2/11/2011from Metalex Ventures Ltd
12/16/2010from Metalex Ventures Ltd
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.070
05/27 09:29 -
Prev close Open
0.070 0.070
Low High
0.070 0.070
Year l/h YTD var.
0.050 -  0.090 16.67%
52 week l/h 52 week var.
0.050 -  0.090 -%
Volume 1 month var.
10,000 16.67%
24hGold TrendPower© : -9
Explores for Diamonds
Interactive chart Add to compare
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Ormat technologiesORA
Document: Insider Ownership
US$ 43.38+0.21%Trend Power :
Anglo Asian Mining(Au-Cu)AAZ.L
FY2015 Results - Record gold production of 72Koz; 28.6Koz silver; 969t copper; and total revenues of
GBX 9.88-3.61%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Announces Third Quarter Dividend
US$ 55.02-1.49%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Announces New Nominees to Board of Directors
CA$ 0.18-11.90%Trend Power :
Hecla Mining(Cu-Le-Zn)HL
Hecla to Acquire Mines Management
US$ 3.91-3.69%Trend Power :
Board Increases Dividend
US$ 45.53+0.55%Trend Power :
Ormat technologiesORA
Ormat Technologies Secures $36 Million Supply EPC Contracts for a Geothermal Power Plant in New Ze
US$ 43.38+0.21%Trend Power :
Ivanhoe Mines(Ag-Au-Cu)IVN.TO
Kamoa Copper Project initiates major drilling program at the ne
CA$ 0.99-3.88%Trend Power :
Energy Fuels(Cu-Ni-Zn)EFR.TO
Announces Election of Directors and Results of Shareholder Meeting and Filing of Renewal of Prelimin
CA$ 2.87-2.71%Trend Power :
Claude Resources(Au-Cu-Ngas)CRJ.TO
Shareholders approve acquisition of Claude Resources by Silver Standard
CA$ 2.08-6.73%Trend Power :
Enters into $20.4 Million Deal with De Beers
CA$ 0.60+0.00%Trend Power :
Treasury MetalsTML.TO
Closing $4.0 Million Offering
CA$ 0.48-2.04%Trend Power :
American ManganeseAMY.V
CA$ 0.02-20.00%Trend Power :
Closes $7.25 Million Combined Flow-Through and Hard Dollar Private Placements
CA$ 0.22-4.44%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q1 2016 and Operations Update
CA$ 0.18-11.90%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Stornoway Announces Results From Annual General Meeting
CA$ 0.98+0.00%Trend Power :
Pure Gold.(Cu-Fe-Au)PGM.V
Intersects 10.9 g/t gold over 9.8 metres, Including 27.0 g/t gold over 3.8 Metres at the McVeigh Hor
CA$ 0.60-4.76%Trend Power :
Harvest Natural(Ngas-Oil)HNR
Announces 2016 First Quarter Results
US$ 0.43-4.44%Trend Power :
Premier Gold Mines(Au)PG.TO
Strengthens Senior Management
CA$ 2.82-5.37%Trend Power :
St Barbara(Au-Cu-Ni)SBM.AX
Presentation to Melbourne Mining Club
AU$ 2.66+3.50%Trend Power :