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Metalex, White Pine, Arctic Star intersect silver and zinc
KELOWNA, BC, Jan. 19 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex"), White Pine Resources...
About this update from Metalex Ventures Ltd.
[{"type":"text","content":"\n\n\n\nKELOWNA, BC, Jan. 19 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX)\n("Metalex"), White Pine Resources Inc. (TSXV : WPR) ("WPR"), and Arctic Star\nDiamond Corp.'s (TSXV : ADD) ("Arctic Star") Joint Venture Project along the\nRing of Fire, 45 kilometers North of Noront Resources Limited's ("Noront")\nEagle One Deposit, has encountered additional Volcanic Derived Sulphides (VDS)\nmineralization on its 5.01 discovery, James Bay, Ontario. The property\nconsisting of 160 acres is under option by WPR, whereby WPR can earn up to a\n50% interest in the property (WPR has earned 25% to date). Within the option\nagreement covering approximately 21,400 hectares, there are numerous other\nhigh priority targets.\n\n\nTo date on the 5.01 discovery, 42 holes (1-41 and 43) have been completed\ntotaling 10,786 meters. The high grade Zn-Cu-Pb-Ag mineralized zone has been\ndelineated over a north-south strike length of 200m and to a vertical depth of\n275m from surface. The zone dips steeply at 75 degrees to the east and appears\nto have a steep 65 degree plunge to the south. Horizontal widths of the high\ngrade zone can reach up to 22m.\n\n\nThe following table summarizes the recent drilling on 5.01 on holes 16-43\nwith significant mineralized intervals.\n\n\n Hole From To Length Cu Pb Zn Ag\n (m) (m) (m) % % % g/t\n5.01-16 67.0 77.0 10.0 0.33 0.14 1.79 6.8\n 79.0 120.0 41.0 0.59 0.00 0.10 5.2\n 167.4 186.7 19.3 0.10 1.85 10.02 41.5\nincluding 167.4 171.8 4.4 0.12 2.79 19.32 63.1\n\n5.01-17 186.2 188.2 2.0 0.58 0.00 2.37 3.4\n\n5.01-19 82.8 93.8 11.0 0.47 0.16 4.54 7.8\n 120.8 128.8 8.0 0.11 0.04 3.62 9.0\n\n5.01-20 73.7 84.1 10.4 0.24 0.15 6.65 3.9\n 103.0 124.8 21.8 0.10 0.30 1.29 17.3\n 195.5 209 13.5 0.13 0.01 1.28 5.4\n\n5.01-21 57.4 89.0 31.6 0.64 0.10 3.70 7.9\n incl 57.4 76.0 18.6 0.75 0.17 5.11 9.9\n\n5.01-22 236.5 283.4 46.9 0.19 0.00 1.00 1.9\n\n5.01-24 179.9 187.2 7.3 0.39 0.14 4.46 9.3\n\n5.01-25 270.7 274.3 3.6 0.17 0.00 4.56 1.8\n\n5.01-26 90.0 97.5 7.5 0.08 0.07 4.92 5.4\n\n5.01-28 24.0 31.7 7.7 0.62 0.01 0.22 4.7\n\n5.01-29 127.4 148.1 20.7 0.22 0.19 6.35 9.5\n\n5.01-30 94.9 111.5 16.6 0.50 0.07 2.77 10.2\n incl 94.9 98.6 3.7 0.33 0.22 6.85 8.6\n\n5.01-31 127.5 135.0 7.5 0.18 0.04 1.90 6.2\n\n5.01-32 204.3 246.5 42.2 0.52 0.02 3.12 6.3\n incl 204.3 230.5 26.2 0.26 0.03 4.65 4.6\n\n5.01-3...