KELOWNA, BC, July 11, 2014 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") announces that Dundee Corporation ("Dundee") has decided to terminate their interest in the current earn-in agreement for the U2 and T1 kimberlite pipes. Dundee states the reason behind the termination is due to the continued delay in receiving permits and the execution of an exploration agreement with the First Nations [...]
KELOWNA, BC, Feb. 20, 2014 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") wishes to provide an update on the status of the permitting of the bulk sample to be collected from the U2 kimberlite pipe. U2 Permitting Status The project description prepared to support a Provincial environmental assessment process for the U2 bulk sample was available for comment until February 10, 2014. Metalex was [...]
KELOWNA, BC, Nov. 29, 2013 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to announce progress on the consultation process for the U2 kimberlite project and a newly discovered area with anomalous diamond indicator minerals at the Quebec diamond project. U2 Diamond Project Metalex's President Chad Ulansky has been working over a two year period with the Attawapiskat and Marten Falls [...]
KELOWNA, BC, March 15, 2013 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to announce the signing of the earn-in agreement with Dundee Corporation ("Dundee") wherein Dundee or its designate can earn up to a 51% interest in the U2 and T1 kimberlite pipes (the "Project") through a four stage investment of up to CAD$51 million.First Right - $5 million convertible loanAs per the letter [...]
KELOWNA, BC, Dec. 7, 2012 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX), ("Metalex") is pleased to provide this progress update.U2 Diamond ProjectPreparatory 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 [...]
KELOWNA, BC, June 28, 2012 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) (the "Company", "Metalex"), is pleased to provide this progress update.U2 Diamond ProjectPreparatory work continues for the upcoming 10,000 ton bulk sample of the U2 kimberlite. The Advanced Exploration Closure Plan for the bulk sample has now been submitted to the Ministry of Northern Development and Mines. In parallel with the [...]
KELOWNA, BC, March 21, 2012 /CNW/ - Metalex Ventures Ltd.
('Metalex', the 'Company') is pleased to report the recent progress on several of its projects.
Morocco Multi-Commodity Project
In Morocco the Company is pleased to report that the airborne magnetic and radiometric survey is now complete. This survey covered virtually the entire 17,100 square kilometer license over which an extensive geochemical survey
('Metalex', the 'Company') is pleased to report that our geological field technician reports that kimberlite has been intersected while core drilling a 18 hectare geophysical target underlying the flood plain of the Cuango River in Angola.
The kimberlite reported was intersected at 21.8 meters depth beneath the river sands to the depth at which drilling
(the 'Company') is pleased to announce it has reached an agreement with Arctic Star Exploration Corp. ('Arctic Star') whereby the Company would acquire all of Arctic Star's remaining joint venture interests in the Company's Kyle Lake (T1 and U2), James Bay Lowlands and Attawapiskat projects (the 'Projects').
As consideration for the transfer of Arctic Star's
('Metalex', the 'Company') is pleased to report that kimberlite and kimberlitic crater infill has been intersected from 19.8 meters to the last reported depth of 154.8 meters of a vertical core hole currently being drilled into a large geophysical target underlying the flood plain of the Cuango River in Angola.
(the 'Company') In the information circular dated September 12, 2011 for the Company's upcoming annual general meeting, as filed on SEDAR (the 'Circular'), there was disclosure of an ordinary resolution to approve a possible creation of a new Control Person which could result under the terms of a proposed agreement with Dundee Corporation respecting the [...]
KELOWNA, BC, Sept. 14, 2011 /CNW/ -- KELOWNA, BC, Sept. 14, 2011 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ('Metalex', the 'Company') is pleased to report the final bulk sample results from the large, 9.3 hectare, U2 kimberlite pipe on the Metalex - Arctic Star Diamond Corp. (TSXV : ADD) joint venture in the James Bay lowlands, Ontario.
Processing of the bulk sample from the U2 kimberlite is now complete. This