The Company’s principal business activity is the acquisition, exploration and development of mineral properties and it has a skilled management team with an established track record in this area. The long-term growth strategy is to generate substantial capital growth by developing kimberlite-hosted diamond deposits and hard rock metal deposits.
The Company’s principal projects in Canada are in Quebec and northern Ontario (U2). Its overseas projects are located in South Africa, Morocco and Mali.
METALEX’S DIVERSIFIED RESOURCE PORTFOLIO
Metalex Ventures has a quality resource base within its five projects, all located in quality mining jurisdictions.
Metalex has a 78% contributing interest in diamond exploration and 100% ownership of gold and base metals.
Located in northern Ontario, the Company has discovered several diamondiferous kimberlites.
Joint venture between Metalex and ONHYM, Metalex has a 60% contributing interest.
This region has long been a prominent producer of diamonds.