Metalex Ventures Ltd. signed a letter agreement pursuant to which a private equity fund managed by the Dundee Corporation group may acquire up to a 51% interest in the U2 and T1 kimberlite pipes, Canada.
Metalex Ventures Ltd. announced final bulk sample results from the U2 kimberlite pipe on the Metalex - Arctic Star Diamond Corp.joint venture in the James Bay lowlands, Ontario, Canada.
Metalex Ventures Ltd. has reported that a 2.61 carat white gem quality diamond has been recovered from rc drilling of the exceedingly large, 9.3 hectare, U2 kimberlite pipe on the Metalex - Arctic Star Diamond Corp. (TSXV : ADD) joint venture in the James Bay lowlands, Ontario, Canada.
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