Business
METALEX REPORTS U2 DIAMOND RESULTS
Jun. 27, 2011 (Canada NewsWire Group) -- KELOWNA, BC, June 27, 2011 /CNW/ - Metalex Ventures...
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n Jun. 27, 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, June 27, 2011 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to report the\n diamond results from the next two bulk samples holes from the 9.3\n hectare U2 kimberlite pipe on the Metalex - Arctic Star Diamond Corp.\n (TSXV : ADD) joint venture in the James Bay lowlands, Ontario.\n\n\nPrimary recovery of diamonds from the seventh and eighth holes is now\n complete.  U2-RC-08 and U2-RC-09 contain 57 and 136 commercial sized\n stones (greater than 0.425mm) respectively.  Hole U2-RC-08 intersected\n kimberlite which contained abundant country rock xenoliths which\n substantially diluted the diamond grade.    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 country rock sections would be consigned to the waste dump.\n\n\nThe geology and diamond results for U2-RC-08 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\n\nDepth \n\n\nSampled \n\n\nDiamonds\n\n\nSampled\n\n\nGrade\n\n\n\n\nFrom\n\n\nTo\n\n\nInterval\n\n\nMaterial\n\n\n#\n\n\nCt\n\n\nWeight\n\n\n \n\n\n\n\n(m)\n\n\n(m)\n\n\n(m)\n\n\n \n\n\n \n\n\n \n\n\n(kg)\n\n\n(cpht)\n\n\n\n\n0\n\n\n30\n\n\n30\n\n\nOverburden and limestone crater infill - Low grade\n\n\n2\...