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Metalex Exploration Update
Metalex Exploration Update.
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n\nKELOWNA, BC, Sept. 12 /CNW/ - Metalex Ventures Limited (MTX: TSX -\nVenture Exchange) is pleased to provide an exploration update on the Company's\nprojects.\n\n\nT1 Project\n\n\nAt the Company's 91.5% owned T1 project core samples have been processed\nfrom both U2 and U2 NW and delineation drilling is continuing. Favourable\nmeetings have been held with the affected First Nations and there is support\nto commence negotiating a Memorandum of Understanding. These activities are\ndetailed below.\n\n\n1. U2 Kimberlite Pipe\n\n\nDelineation drilling is now complete on the U2 kimberlite. In addition to\nthe vertical discovery hole (hole U2-1), inclined holes were undertaken from\nnear the center of the kimberlite dipping at -55 degrees. These holes were\ndesigned to test the pipe for different kimberlite phases as other large pipes\nin the region (for example DeBeers' Victor Mine 60 km to the east) contain\nmultiple phases with diamond contents varying from barren to economic. 5.61 cm\ndiameter core holes have intersected kimberlite to an inclined depth of\n337.72 meters to the north (U2-2), 238.35 meters to the south (U2-3), 269.75\nmeters to the west (U2-4) and 233.00 meters to the east (U2-5). Drill logs for\nthe holes to the north, south and west were presented in the release dated\nJuly 5th, 2007 and the log for the recently completed east hole is presented\nin the following table.\n\n\nDelineation Hole U2-5 Drill Log\n\n-------------------------------------------------------------------------\n From (m) To (m) Description\n-------------------------------------------------------------------------\nU2-5 (-55 degrees east) 0 12.80 Overburden\n-------------------------------------------------------------------------\n 12.80 233.00 Kimberlite\n-------------------------------------------------------------------------\n 233.00 246.27 Granite\n-------------------------------------------------------------------------\n\n\nUsing the logs of the four angled delineation holes and assuming that the\npipe is an ellipse with walls that dip at an angle of 86 degrees the pipe has\nan area of 9 hectares. Metalex is encouraged by the large size of the pipe.\n\n\nThe core is processed for indicator minerals in addition to\nmicrodiamonds. The following table summarizes the diamond indicator minerals\nrecovered with compositions equivalent t...