Metalex announces drilling progress on large Angolan kimberlite

About this update from Metalex Ventures Ltd.

[{"type":"text","content":"\n\n\n\nKELOWNA, BC, June 15 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX)\n("Metalex"), is pleased to report the completion of the fourth core hole and\nprogress on the fifth hole drilled into the large (approximately 24 hectare)\nkimberlite discovery reported in the news release of April 1, 2009.\n\n\nThe fourth hole was drilled at the same site as the vertical hole 3\ninclined (-55 degrees) towards the first two core holes located 283 meters\ndistant at a bearing of 158 degrees. Hole 4 intersected diatreme facies\nkimberlite at 6 meters until 227 meters where it entered sandstone. From 245\nmeters to 284 meters an alternating sequence of fine grained magmatic\nkimberlite and siltstones was intersected. From 284 meters to the end of hole\nat 359 meters sandstone was intersected.\n\n\nHole 5 was collared 524 meters south south east at a bearing of 158\ndegrees from hole 4. From this location the drill was inclined -50 degrees at\na bearing of 338 degrees towards hole 4. Drilling intersected sandstone until\n179 meters where kimberlite breccia was intersected. The kimberlite breccia\ncontinued to 254 meters where fine grained magmatic kimberlite was intersected\nthrough to 289 meters. Drilling continues in sandstone at 390 meters.\n\n\nCore from the first holes is in Luanda where it has now been approved for\nexport and is scheduled to depart via air cargo for Canada on Tuesday June\n16th, 2009. Upon arrival the core will be processed for diamonds and diamond\nindicator minerals at CF Mineral Research Ltd.\n\n\nMetalex is pleased that the drilling of holes over 500 meters apart has\nintersected kimberlite. This drilling confirms the large size of the\nkimberlite.\n\n\nDr. Charles Fipke, a qualified person, is responsible for the technical\ncontent of this release\n\n\n"Chad Ulansky"\n\nChad Ulansky, President & CEO\n(250) 860-8599\[email protected]\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00008159E\n\n\n","length":2230,"tagName":"div"}]

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