Diamonds discovered in two drill holes near Victor Diamond Mine, Ontario

Published in House and Home on Monday, July 6th 2009 at 6:37 GMT, Last Modified on 2009-07-06 06:38:03 by Market Wire
^{🞛 This publication is a summary or evaluation of another publication}

KELOWNA, BC, July 6 /CNW/ - Metalex Ventures Ltd. (TSXV: MTX) ("Metalex") is pleased to report diamondiferous kimberlite intersections from two drill holes on the Metalex - Arctic Star Diamond Corp (TSXV : ADD) - Big Red Diamond Corp (TSXV : DIA) joint venture on claims optioned from Dumont Nickel Inc. (TSXV : DNI). The claims are located 7 kilometers south of the Victor Diamond Mine. Samples from the eight core holes reported as kimberlite on June 19th, 2009 have now been analyzed for diamonds by the C.F. Mineral Research Ltd. laboratory and complete results are presented here. C. F. Minerals reports that two clear white microdiamonds were recovered from an 8.64 kg (19.0 lb) sample of kimberlite breccia recovered in drill core from between 5.8 and 25.3 meters (19 and 83 feet) below surface. The sample also contained G10 garnets as well as chrome diopsides and one olivine grain. All of these grains were determined to be of diamond inclusion composition by microprobe analysis. A 6.18 kg (13.6 lb) core sample from a second drill hole contained a natural clear white microdiamond. The sample material was also identified as kimberlite breccia and was intersected between 30.5 and 39.6 meters (100 and 130 feet) below surface. This sample also contained G10 garnets as well as a chromite and chrome diopside grains, all with diamond inclusion compositions. These results are considered most encouraging because small samples of kimberlites in the area such as those at the nearby Victor Diamond Mine, typically do not contain abundant microdiamonds. An additional 13 possible kimberlite core intersections from drill holes completed in the same claim area have been submitted to C.F. Minerals for diamond and diamond indicator mineral analysis. Results will be reported when available. The drilling information and results reported here have been reviewed Mr. A. Lee Barker P.Eng, P.Geol., a Qualified Person under National Instrument 43-101, who is responsible for the technical content of this release. For Further Information Please Contact: "Chad Ulansky" Chad Ulansky, President & CEO (250) 860-8599[ investorinfo@metalexventures.ca ] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. %SEDAR: 00008159E

For further information: Chad Ulansky, President & CEO, (250) 860-8599, [ investorinfo@metalexventures.ca ]

Similar House and Home Publications

[ Tue, Jun 30th 2009 ]: Market Wire

Sunridge Gold Corp.: Sunridge Gold Files Prelimin .. r the Emba Derho Deposit, Asmara Project, Eritrea

[ Wed, Jun 17th 2009 ]: Market Wire

Northern Superior Resources Inc.: Northern Superi .. ces Inc. Initiates Wachigabau Exploration Program

[ Thu, Jun 11th 2009 ]: Market Wire

Sunridge Gold Corp.: Sunridge Gold Provides Exploration Update, Asmara Project, Eritrea

[ Tue, Jun 09th 2009 ]: Market Wire

Castle Gold Corporation: Castle Gold Intersects 4 .. Per Tonne Gold as Part of El Castillo Mine Resour

[ Thu, May 28th 2009 ]: Market Wire

Northern Superior Resources Inc.: Northern Superi .. n Agreement With INV on the Thorne Lake Gold Prop

[ Thu, May 21st 2009 ]: Market Wire

Castle Gold Corporation: Castle Gold Intersects 1 .. Per Tonne Gold as Part of El Castillo Mine Resou

[ Wed, Apr 15th 2009 ]: Market Wire

Eagle Hill Exploration Corporation: Eagle Hill Ad .. al Company With the Acquisition of Fran Property,

[ Wed, Apr 01st 2009 ]: Market Wire

Sunridge Gold Corp.: Sunridge Advances Work on Gu .. n Prospect Yields Grab Samples Up to 319 g/t Gold

[ Tue, Mar 03rd 2009 ]: Market Wire

Canadian Royalties Inc.: Canadian Royalties Inc.: .. ik Nickel Project Allammaq and Exploration Update

[ Wed, Feb 25th 2009 ]: Market Wire

Western Lithium Canada Corporation: Additional Dr .. roperty Supports Chevron's Historical Lithium Res

[ Fri, Jan 23rd 2009 ]: Market Wire

Navasota Resources Ltd.: Navasota Outlines Bauxit .. onnes Indicated and 63 Million Tonnes Inferred at

[ Tue, Jan 06th 2009 ]: Market Wire

Northern Superior Resources Inc.: Northern Superi .. , Gold-Bearing Ductile Shear Zones at Ti-pa-haa-k

N※N

Diamonds discovered in two drill holes near Victor Diamond Mine, Ontario