Business
Metalex Discovers New Kimberlite in Angola
KELOWNA, BC, March 25 /CNW/ - Metalex Ventures Limited (MTX: TSX Venture Exchange...
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n\nKELOWNA, BC, March 25 /CNW/ - Metalex Ventures Limited \n(MTX: TSX Venture Exchange) is pleased to report a new kimberlite has been\ndiscovered on the Company's claims in the headwaters of the Cuango River,\nAngola.\n\n\nThe vertical core hole intersected kimberlite at 30 feet and as of today\nis still in kimberlite at 310 feet. The field crews report that the kimberlite\ncontains local autoliths, probable purple pyrope garnets with kelphitic rims,\nand basement and country rock fragments.\n\n\nThe hole is planned to extend to 600 feet wherein about 600 kilograms of\nkimberlite core will be split and half will be air freighted to Canada for\ndiamond recovery and diamond indicator mineral analysis.\n\n\nGeophysicist Scott Hogg estimates the newly discovered kimberlite to be\nabout 200 by 300 meters or approximately five hectares in size.\n\n\nMetalex is pleased with the discovery of the new kimberlite and is\ncontinuing its drill testing program.\n\n\nDr. Charles Fipke, P. Geo is the Qualified Person responsible for the\ntechnical contents of this press release.\n\n\n"Chad Ulansky"\n\n\nChad Ulansky\n\n\nPresident.\n\n\n%SEDAR: 00008159E\n\n\n","length":1261,"tagName":"div"}]