ENGOURAGMENT:Another Big name of the Past showing interest in JB
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HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: ENGOURAGMENT:Another Big name of the Past showing interest in JB
KELOWNA, BC, Nov. 2 /CNW/ - Metalex Ventures Limited (MTX: TSX - Venture Exchange) (the "Company") The Noront nickel-copper-platinum massive sulfide discovery in James Bay Lowlands, northeastern Ontario is reported to have been made inadvertently by drill testing a magnetic anomaly for kimberlite. The 91.5% Metalex-8.5% Arctic Star joint venture had previously flown an airborne magnetic geophysical survey over a 20,000 sq.km survey in the vicinity of the Noront discovery. Consequently, the Metalex-Arctic Star joint venture has recently staked 41 claims in the vicinity and along the projected strike of the Noront discovery. These claims cover 30 magnetic anomalies. According to our consultant geophysicist, 7 of these anomalies have magnetic susceptibilities analogous to kimberlite and 23 with magnetic susceptibilities analogous to the massive sulfide at the Noront discovery. The Metalex-Arctic Star geologists are most encouraged by the potential of this new development. The joint venture has already been approached by well capitalized potential joint venture partners. The Metalex-Arctic Star joint venture is eager to drill all potential targets in a timely manner. Dr. Charles Fipke, P.Geo is the Qualified Person responsible for the technical contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Charles Fipke" |
HIS PAST
Discovery: Diamonds in Canada's Arctic
 GNWT-RWED |
Diamonds from the Canadian Arctic are mined from deep in the frozen rock, in the remote tundra, a place where few believed such treasures could be found.
But prospector Chuck Fipke and his partner, Dr. Stu Blusson believed they could. For a decade in the 1980s, the pair scoured the wild land for samples that would show minerals often found in association with diamonds. In 1985, Fipke found them, in a sample he'd taken near Lac de Gras, some 300 km northeast of Yellowknife. Fipke was convinced he'd found evidence of diamond-bearing kimberlites — ancient "pipes" of volcanic rock that bear the hard crystals we call diamonds.
In 1991, when Fipke and Blusson's company, DiaMet, had joined forces with Australia's BHP Minerals, the first economically-viable kimberlite was discovered. Drilling at Point Lake, BHP/DiaMet found 81 diamonds. Although not the first diamond find in North America, it was the first major commercial deposit. When the discovery was announced, it sparked the biggest staking rush in Canadian history.
Aber Resources, led by mining engineer Grenville Thomas and geologist Chris Jennings, also found diamond-bearing pipes in the Lac de Gras area in 1991. Aber staked east of the BHP/DiaMet claims, laying the groundwork for the Diavik Project.
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