Metalex has optioned the Viljoenshof Diamond Project near Kimberley, South Africa. This region has long been a prominent producer of diamonds, with DeBeers being founded at the Kimberley Diamond Mine.
In spite of its proximity to significant diamond mines the project area has been the subject of little modern exploration. The last significant work was completed in the 1960’s by DeBeers. At this time the significance of diamond indicator minerals had yet to be discovered and DeBeers was focussed on only large kimberlites.
Recent sampling has demonstrated that the project contains exceptional diamond indicator minerals. The indicator minerals recovered have compositions consistent with similar minerals recovered from high-grade diamond mines. Several kimberlites have been located on the project; however, their sizes are unknown. Drilling of these bodies to determine their size and diamond distribution will be the first work undertaken. Work will also be undertaken to explore for additional kimberlites on the 3,373 hectare project.
Currently the Company is applying to convert the Prospecting Right to a Mining Right, which has up to a 30 year term, with unlimited renewals available.