Latest news with #Metalex
Cision Canada
03-07-2025
- Business
- Cision Canada
METALEX PLANS DRILLING FOR GOLD AT A1 AND A2 CLAIM BLOCKS IN QUEBEC
KELOWNA, BC, July 3, 2025 /CNW/ - Metalex Ventures Ltd. (TSXV: MTX) (the "Company") is pleased to provide an update on planned drilling at its 100% owned A1 and A2 claim blocks in Quebec testing promising geophysical anomalies. Claim Blocks A1 and A2 The Company is encouraged by the results of the detailed heavy mineral sampling and soil-till sampling within the claim blocks. This work has identified areas within the claim blocks which appear to host gold mineralization. Airborne electromagnetic and magnetic geophysical surveys have been completed over the claim blocks and these have identified geophysical anomalies up-ice of the gold discovered in the sampling. Within the A1 claims there are six electromagnetic conductors which are priority drill targets. In the A2 claims there are four priority conductors to be tested. Metalex intends to drill test these geophysical anomalies this summer after the drilling at B3 is complete. Regional Anomalies Metalex has undertaken a multi-commodity regional exploration program over almost 400,000 square kilometers of central Quebec. The survey area has only received limited regional exploration but has the potential to host significant mineralization such as the 14 million ounce Eleonore Gold Mine. Metalex's program has involved the collection and analysis of nearly 10,000 heavy mineral samples which has resulted in a comprehensive and proprietary dataset. Within this dataset 185 gold anomalies have been identified. The Company intends to follow up on these anomalies to chase them back to their bedrock source. The technical information and results reported here have been approved by Mr. Chad Ulansky President and CEO of the Company and a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Signed, Charles Fipke Dr. Charles Fipke C.M. Chairman and Director 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.
Cision Canada
23-06-2025
- Business
- Cision Canada
METALEX INTERSECTS SULPHIDES WITH DRILLING AT B3 CLAIM BLOCK IN QUEBEC
KELOWNA, BC, June 23, 2025 /CNW/ - Metalex Ventures Ltd. (TSXV: MTX) (the "Company") is pleased to provide an update on the drilling at its 100% owned B3 claim block in Quebec testing promising geophysical anomalies. At target O the Company has completed three holes testing a steeply-dipping, wide conductive zone associated with the northeast contact of a strong magnetic anomaly. Two of these holes intersected sulphides within a magmatic gneiss. The sulphides are predominantly pyrite and pyrrhotite with traces of arsenopyrite. Initial photos of some of the core from these intervals are set out below along with selected enlargements. These photos will be posted to Metalex's website ( Note that it is too early to determine whether the orientation of the sulphides and as such the intervals mentioned are core lengths rather than true widths. Hole QC-B3-25-005 was drilled at a -45 degree dip and intersected sulphides from 41.45m to 61.26m. Photos from this hole are presented below. Hole QC-B3-25-006 was drilled at a -65 degree dip from the same collar as QC-B3-25-005. Sulphides were intersected from 41.76m to 58.52m. Photos from this hole are presented below. Hole QC-B3-25-007 was drilled vertically, and did not encounter the same sulphides as the two holes above. The 24,322 hectare B3 claim block was staked due to anomalous copper-nickel-cobalt and gold results of the Company's regional heavy mineral sampling program. Metalex has undertaken a VTEM and magnetic airborne geophysical survey over its B3 claim block by Geotech Ltd. The location of the claim block is shown in Map 1. The technical information and results reported here have been approved by Mr. Chad Ulansky President and CEO of the Company and a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. Signed, Charles Fipke Dr. Charles Fipke C.M. Chairman and Director 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.
Cision Canada
09-06-2025
- Business
- Cision Canada
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 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.
Yahoo
09-06-2025
- Business
- Yahoo
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 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. View original content to download multimedia:
