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Large Gem Quality Diamonds Merit 10,000 Ton Sample from Metalex's U2 Kimberlite Pipe
KELOWNA, BC, Sept. 14, 2011 /CNW/ - Metalex Ventures Ltd . (TSXV : MTX) ("Metalex", the "Com...
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n\n\n\nKELOWNA, BC, Sept. 14, 2011 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) (\"Metalex\", the \"Company\") is pleased to report the final\n bulk sample results from the large, 9.3 hectare, U2 kimberlite pipe on\n the Metalex - Arctic Star Diamond Corp. (TSXV : ADD) joint venture in\n the James Bay lowlands, Ontario.\n\n\nProcessing of the bulk sample from the U2 kimberlite is now complete. \n This release presents the results from the final two holes, U2-RC-11\n and U2-6-RC together with assessments of the potential of the T1 and U2\n kimberlites.\n\n\nDelineation drilling of the U2 pipe discovered a non-magnetic phase of\n kimberlite which forms an extension to the northwest of the main U2\n pipe. This extension appears to be under one hectare in size.  Previous\n processing of the delineation drill core from this new phase returned\n very few diamonds.  The present large diameter reverse circulation hole\n U2-RC-11 confirmed the low diamond content of this phase and yielded\n only 26 diamonds greater than 0.425mm.\n\n\nThe geology and diamond results for U2-RC-11 are presented in the\n following table:\n\nDepth \n\n\nSampled Material\n\nDiamonds\n\n\nSampled Weight\n\nGrade\n\n\nFrom\n\n\nTo\n\n\nInterval\n\n\n \n\n\n#\n\n\nCt\n\n \n\n \n\n\n(m)\n\n\n(m)\n\n\n(m)\n\n\n \n\n\n \n\n\n \n\n\n(kg)\n\n\n(cpht)\n\n\n0\n\n\n105\n\n\n105\n\n\nOverburden, limestone crater infill and transition to kimberlite - Low\n grade\n\n\n3\n\n\n0.054\n\n\n25,641\n\n\n0.2\n\n\n105\n\n\n330\n\n\n225\n\n\nAlternating zones of kimberlite, limestone and mudstone - Low grade\n\n\n23\n\n\n0.172\n\n\n30,988\n\n\n0.6\n\n\n Hole U2-6-RC from the main pipe intersected a significant high grade\n intercept as presented in the following table:\n\nDepth \n\n\nSampled Material \n\n\nDiamonds\n\n\nSampled Weight\n\nGrade\n\n\nFrom\n\n\nTo\n\n\nInterval\n\n\n \n\n\n#\n\n\nCt\n\n \n\n \n\n\n(m)\n\n\n(m)\n\n\n(m)\n\n\n \n\n\n \n\n\n \n\n\n(kg)\n\n\n(cpht)\n\n\n0\n\n\n59\n\n\n59\n\n\nOverburden, limestone crater infill and transition to kimberlite - Low\n grade\n\n\n4\n\n\n0.030\n\n\n17,270\n\n\n0.2\n\n\n59\n\n\n179\n\n\n120\n\n\nKimberlite mixed with up to 90% limestone - low grade\n\n\n45\n\n\n0.401\n\n\n17,241\n\n\n2.3\n\n\n179\n\n\n299\n\n\n120\n\n\nKimberlit...