METALEX COMMENCES DRILLING OF COPPER-NICKEL-COBALT TARGETS AT B3 CLAIM BLOCK IN QUEBEC
KELOWNA, BC, June 9, 2025 /CNW/ - Metalex Ventures Ltd. (TSXV: MTX) (the "Company") announces the start of drilling at its 100% owned B3 claim block in Quebec testing promising geophysical anomalies for copper-nickel-cobalt mineralization.
Claim Block B3 (Copper-Nickel-Cobalt)
The 24,322 hectare B3 claim block was staked due to the Company's heavy mineral and soil-till sampling indicating it contains copper-nickel-cobalt sulphides. Metalex has undertaken a VTEM airborne geophysical survey over its B3 claim block by Geotech Ltd.
The VTEM survey, which included both electromagnetic and magnetic data, was reviewed by SHA Geophysics Inc. Their work indicates that eight of the conductors detected by the electromagnetic survey are thought to likely represent sulphide mineralization. These are shown on Map 1.
Drilling has now commenced on the first of these conductors.
Claim Blocks A1 and A2 (Gold)
When drilling at the B3 copper-nickel-cobalt project is complete Metalex hopes to move the drill to its A1 and A2 claim blocks staked for gold. These claim blocks were staked due to the promising gold and pathfinder element results from detailed heavy mineral sampling of the areas. A VTEM survey over the claim blocks identified several conductive and magnetic anomalies that could be the bedrock source of the gold.
Regional Exploration
The Company also intends to complete follow up heavy mineral sampling on gold anomalies identified by its +/- 10,000 sample regional database in Quebec. 185 gold anomalies thought to reflect bedrock rather than placer sources have been discovered in the survey.
The technical information and results reported here have been reviewed by Mr. Chad Ulansky P.Geo., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release.
Signed,
Charles Fipke
Charles Fipke
Chairman
FORWARD LOOKING STATEMENTS: Certain of the statements and information in this press release constitute "forward-looking statements" or "forward-looking information", including statements regarding the expected use of proceeds of the private placement. Further, any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
23 minutes ago
- Cision Canada
Argo Named to Fast Company's 2025 World Changing Ideas List for Smart Routing™ Transit Platform
Vertically integrated transit solution recognized for transforming urban mobility and creating more equitable, sustainable cities TORONTO, June 11, 2025 /CNW/ - Argo Corporation (TSXV: ARGH) (OTCQX: ARGHF) (" Argo" or the " Company"), a leader in next-generation transit solutions, announced today that it was named a winner of Fast Company's 2025 World Changing Ideas Awards. This annual recognition honours bold and transformative efforts that tackle the world's most pressing challenges. Argo was recognized for its Smart Routing™ transit platform that aims to revolutionize how cities move people while addressing critical climate, equity, and accessibility challenges. Fast Company selected Argo as a winner from over 1500 initiatives worldwide, highlighting the Company's innovative approach to solving one of urbanization's greatest challenges: providing effective mobility for billions of people in rapidly growing cities while reducing emissions and improving quality of life. "The World Changing Ideas Awards have always been about showcasing the art of the possible," says Fast Company editor-in-chief Brendan Vaughan. "We're proud to recognize the organizations and leaders that are making meaningful progress on the biggest issues of our time." "We launched Argo one year ago today with a vision to solve one of the world's most urgent challenges: modernizing public transit so it's as convenient as driving, but accessible to everyone," said Praveen Arichandran, CEO and co-founder of Argo. "We're proud to be showcasing Canadian innovation on a global stage, starting in the town of Bradford West Gwillimbury and soon expanding to Brampton. This recognition by Fast Company affirms our belief that the next generation of globally ambitious companies can be built right here in Ontario." In conjunction with this award, Arichandran was also named to Fast Company's Impact Council, a collective of the most innovative leaders in business. About Fast Company Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at About Argo Founded in June 2024, Argo delivers the world's first fully vertically integrated transit system, combining proprietary Argo X1 electric vehicles, Smart Routing™ technology, and comprehensive operational management in a single end-to-end solution. By integrating every aspect of the transit experience, Argo enables municipalities to enhance their existing transit networks with dynamically optimized services that aim to deliver substantially better efficiency, coverage, and rider satisfaction, all while maintaining standard public transit pricing. The company launched Argo School in September 2024 and began its first municipal deployment in Bradford West Gwillimbury in early 2025. Learn more at Praveen Arichandran, CEO Argo Corporation (800) 575-7051 Forward-Looking Information This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in the Company's securities filings available at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Cision Canada
38 minutes ago
- Cision Canada
Vantage Foundation Joins The Habbit Factory to Empower Young Voices Through Creative Confidence
LONDON, June 11, 2025 /CNW/ -- Vantage Foundation is proud to support The Habbit Factory, a London-based charity that uses the power of theatre and creativity to help children build self-confidence, resilience, and a sense of self-expression. This partnership reflects Vantage Foundation's commitment to community engagement and inclusive empowerment for young people – especially those from underserved or disadvantaged backgrounds. The Habbit Factory has been a champion of creative youth development for over 20 years. With a focus on inclusiveness and emotional support, the organisation designs theatre-based programmes for children and teens to improve public speaking, storytelling, and personal confidence. Today, the charity supports 156 young people through its membership programme and reaches hundreds more through school outreach and education partnerships. As part of its continued mission to uplift communities, Vantage Foundation volunteers joined The Habbit Factory's creative workshop, lending their time and energy to inspire the next generation. Among them was Ben Joseph, who brought his background in dance and performing arts to the session. "Many of these children come from disadvantaged backgrounds and may lack self-esteem or confidence," said Ben Joseph. "By earning their trust and creating a supportive space, we help them grow, express themselves, and discover who they are. The Habbit Factory is a safe and empowering place for every child, and I'm proud to have contributed to something so meaningful." The charity's impact is driven largely by volunteers – many of whom are former participants who return to give back. This cycle of mentorship and transformation lies at the heart of The Habbit Factory's enduring success. "We thoroughly enjoyed hosting the Vantage Foundation at The Habbit Factory. It was a meaningful opportunity for both teams to connect, share ideas, and learn from each other's approaches to community impact," said Lee Giles, Artistic Director & CEO of The Habbit Factory. "Supporting The Habbit Factory aligns deeply with our mission at Vantage Foundation," said Steven Xie, Executive Director of the Vantage Foundation. "We believe in building confidence through creativity and connection. Seeing our volunteers actively participate in such a powerful, community-led initiative reaffirms our commitment to creating meaningful impact in the lives of young people." Together, Vantage Foundation and The Habbit Factory demonstrate the incredible potential of partnerships rooted in compassion, creativity, and shared purpose. Through this collaboration, they aim to build a future where every child has not only the voice – but also the confidence – to use it. Vantage Foundation Vantage Foundation is an independent charitable organization launched at the McLaren Technology Centre in the UK in 2023. The foundation has partnered with organisations worldwide, including Grab Indonesia, the iREDE Foundation in Nigeria, Teach for Malaysia, and Instituto Claret in Brazil, to drive impactful social initiatives.
Cision Canada
an hour ago
- Cision Canada
First Capital REIT Announces C$300 Million Offering of Series E Senior Unsecured Debentures
TORONTO, June 11, 2025 /CNW/ - First Capital Real Estate Investment Trust ("First Capital" or the "REIT") (TSX: announced today that it has agreed to issue C$300 million aggregate principal amount of Series E senior unsecured debentures (the "Debentures"). The Debentures are being offered on an agency basis by a syndicate of agents co-led by Desjardins Capital Markets, RBC Capital Markets and TD Securities. The Debentures, which will be issued at a price of $100.00 per $100.00 principal amount of Debentures, will bear interest at a rate of 4.832% per annum and will mature on June 13, 2033. Subject to customary closing conditions, the offering is expected to close on June 13, 2025. It is a condition of closing that the Debentures be rated at least "BBB" with a "Positive" rating outlook by DBRS. The offering is being made on a private placement basis in each of the provinces of Canada, and the Debentures will be issued pursuant to the REIT's trust indenture dated as of May 25, 2020, as supplemented. The Debentures will be direct unsecured obligations of the REIT and will rank equally and rateably with all other present and future unsecured and unsubordinated indebtedness of the REIT. The net proceeds of the offering will be used to repay existing debt, including the repayment in full of the REIT's $300 million of Series S Debentures due July 31, 2025, and for general business purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About First Capital REIT (TSX: First Capital owns, operates and develops grocery-anchored, open-air centres in neighbourhoods with the strongest demographics in Canada. Forward- looking Statement Advisory This press release contains forward-looking statements and information within the meaning of applicable securities laws, including statements about the REIT's issuance of the Debentures, the closing of the offering and the use of proceeds thereof. These forward-looking statements are not historical facts but, rather, reflect First Capital's current expectations and are subject to risks and uncertainties that could cause the outcome to differ materially from current expectations. Such risks and uncertainties include those discussed in First Capital's Management Discussion and Analysis for the year ended December 31, 2024 and for the quarter ended March 31, 2025, and in its current Annual Information Form. Readers, therefore, should not place undue reliance on any such forward-looking statements. First Capital undertakes no obligation to publicly update any such forward-looking statement or to reflect new information or the occurrence of future events or circumstances except as required by applicable securities laws. All forward-looking statements in this press release are made as of the date hereof and are qualified by these cautionary statements. SOURCE First Capital Real Estate Investment Trust
