Business
METALEX RECOVERS LARGEST DIAMOND YET FROM U2
May 16, 2011 (Canada NewsWire Group) -- KELOWNA, BC, May 16 /CNW/ - Metalex Ventures Ltd . (...
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n May 16, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nKELOWNA, BC, May 16 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to report the\n recovery of a 1.25 carat diamond from U2 along with diamond results\n from both the 9.3 hectare U2 kimberlite pipe and the 3 hectare T1 pipe\n on the Metalex - Arctic Star Diamond Corp. (TSXV : ADD) joint venture\n in the James Bay lowlands, Ontario.\n\n\nU2 Kimberlite Results\n\n\nA 1.25 carat, clear white diamond with a few minute inclusions has been\n recovered from hole U2-RC-06.  A picture of the diamond is presented on\n the Company's website (www.metalexventures.com).  This diamond exceeds the two 0.72 carat diamonds previously\n reported.\n\n\nPrimary recovery of diamonds from the fifth and sixth holes is now\n complete.  U2-RC-06 and U2-RC-07 contain 170 and 115 commercial sized\n stones (greater than 0.425mm) respectively.  Both holes intersected\n several blocks of limestone within the kimberlite which diluted the\n diamond grade over these sections.  These limestone blocks are\n interpreted to be large pieces of wall rock that fell into the\n kimberlite pipe at the time of eruption.  If U2 were to be mined, these\n limestone sections would be consigned to the waste dump.\n\n\nThe geology and diamond results for U2-RC-06 are presented in the\n following table:\n\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \...