Metalex-Arctic Star Poised to Drill 30 Noront Style Sulfide and Kimberlite Targets

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[{"type":"text","content":"\n\n\n\nKELOWNA, BC, Nov. 2 /CNW/ - Metalex Ventures Limited (MTX: TSX - Venture\nExchange) (the "Company")\n\n\nThe Noront nickel-copper-platinum massive sulfide discovery in James Bay\nLowlands, northeastern Ontario is reported to have been made inadvertently by\ndrill testing a magnetic anomaly for kimberlite. The 91.5% Metalex-8.5% Arctic\nStar joint venture had previously flown an airborne magnetic geophysical\nsurvey over a 20,000 sq.km survey in the vicinity of the Noront discovery.\nConsequently, the Metalex-Arctic Star joint venture has recently staked 41\nclaims in the vicinity and along the projected strike of the Noront discovery.\nThese claims cover 30 magnetic anomalies. According to our consultant\ngeophysicist, 7 of these anomalies have magnetic susceptibilities analogous to\nkimberlite and 23 with magnetic susceptibilities analogous to the massive\nsulfide at the Noront discovery.\n\n\nThe Metalex-Arctic Star geologists are most encouraged by the potential\nof this new development. The joint venture has already been approached by well\ncapitalized potential joint venture partners. The Metalex-Arctic Star joint\nventure is eager to drill all potential targets in a timely manner.\n\n\nDr. Charles Fipke, P.Geo is the Qualified Person responsible for the\ntechnical contents of this press release.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n"Charles Fipke"\n\n\n------------------------\n\n\nCharles Fipke, Chairman\n\n\nMETALEX VENTURES LTD.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release\n\n\n%SEDAR: 00008159E\n\n\n","length":1710,"tagName":"div"}]

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