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METALEX ANNOUNCES UPCOMING DRILLING PROGRAM ON 100% OWNED A5 CLAIMS SOUTH OF CHIBOUGAMAU, QUEBEC
METALEX ANNOUNCES UPCOMING DRILLING PROGRAM ON 100% OWNED A5 CLAIMS SOUTH OF CHIBOUGAMAU,...
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n \n \n \n METALEX ANNOUNCES UPCOMING DRILLING PROGRAM ON 100% OWNED A5 CLAIMS SOUTH OF CHIBOUGAMAU, QUEBEC\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n KELOWNA, BC\n \n \n ,\n \n \n March 28, 2022\n \n \n /CNW/ -\n \n Metalex Ventures Ltd.\n \n (TSXV: MTX) (the \"\n \n Company\n \n \") is pleased to report that drill targets have been identified in Block A5, south of\n \n Chibougamau Quebec\n \n , which contains strong gold and scandium results.\n \n \n \n \n \n \n \n \n \n Follow-up heavy mineral sampling as well as airborne magnetic and electromagnetic geophysical surveys were completed in 2021 and 2022 on five claim blocks in\n \n Quebec\n \n , 100% owned by Metalex.  Block A5 is to be drilled this spring and summer and will be the focus of this release.\n \n \n The A5 Block was staked due to it covering an area anomalous in scandium and gold.  In fact, the scandium result was the highest in ppm and micrograms of all 8,700 heavy mineral samples the Company collected in central\n \n Quebec\n \n .\n \n \n Microprobe analysis of the sample established that abundant ilmenite present in this sample contained up to 400ppm scandium whilst ilmenite being mined usually contains 20 to 40ppm scandium.\n \n \n Scandium as an additive increases aluminum's yield strength up to 15-fold. Consequently it is used in the aviation, space and automotive industries to make aluminum components lighter and stronger.  Presently most of the world's supply comes from\n \n China\n \n and stockpiles in Russia.  However, Rio Tinto have announced that they are planning to recover scandium in tailings from ilmenite being mined from the Allard Lake deposit situated near the Gulf of\n \n St. Lawrence\n \n in southeastern Quebec.  Rio Tinto anticipates that they will supply 20% of the world's scandium when the recovery circuit is operational at their refinery which is situated 40km by rail and approximately 1,000km away by freighter near\n \n Montreal\n \n .\n \n \n In 2021 and 2022 Block A5 has undergone heavy mineral follow...