KELOWNA,
BC, Oct. 17, 2022 /CNW/ - Metalex Ventures
Ltd. (TSXV: MTX) (the "Company") is pleased to report
that four additional claim blocks have been applied for on its 100%
owned Quebec project.
Results have now been received from the 1,246 follow-up heavy
mineral samples completed in 2021. These samples have
identified four potential source areas. These areas have been
staked and are currently awaiting final approval from the Quebec
Department of Energy and Natural Resources. The newly
acquired claims are labelled in Figure 1 as B1 to B4.
Claim block B1, covering 28,620 hectares, covers an area
anomalous in gold, arsenic, copper and cobalt.
Claim block B2 was staked to cover an area measuring 20,800
hectares anomalous in gold, arsenic, silver, copper, nickel and
cobalt.
A tightly constrained nickel-copper-cobalt anomaly is covered by
the 103 hectare claim block B3.
Claim block B4 has been staked to cover a broad area (24,322
hectares) of anomalous nickel-copper-cobalt-molybdenum-arsenic with
gold in places.
This most recent staking brings Metalex's land position to
262,187 hectares in 9 claim blocks.
The technical information and results reported here have been
reviewed by Mr. Chad Ulansky
P.Geol., a Qualified Person under National Instrument
43-101, who is responsible for the technical content of this
release.
Signed,
Charles Fipke
Charles Fipke
Chairman
Forward Looking Statements
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and
uncertainties. Without limitation, statements regarding
potential mineralization and resources, exploration and financing
results, and future plans and objectives of the Company are forward
looking statements that involve various risks. The following
are important factors that could cause the Company's actual results
to differ materially from those expressed or implied by such
forward looking statements: changes in the world wide price of
mineral commodities, general market conditions, risks inherent in
mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital.
There can be no assurance that forward-looking statements will
prove to be accurate as actual results and future events may differ
materially from those anticipated in such statements. In
particular there is no assurance that the Offering detailed herein
will complete in full or at all. Metalex undertakes no obligation
to update such forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on such forward-looking
statements.
Neither 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.
SOURCE Metalex Ventures Ltd.