Metalex Commences Drilling of Copper-Nickel-Cobalt Targets at B3 Claim Block IN Quebec
METALEX COMMENCES DRILLING OF
COPPER-NICKEL-COBALT TARGETS AT B3
CLAIM BLOCK IN QUEBEC
KELOWNA, BC
,
June 9, 2025
/CNW/ -
Metalex Ventures Ltd.
(TSXV: MTX) (the "Company")
announces the start of drilling at its 100% owned B3 claim block in
Quebec
testing promising
geophysical anomalies for copper-nickel-cobalt mineralization.
B3 Conductive Targets (CNW Group/Metalex Ventures Ltd.)
Claim Block B3 (Copper-Nickel-Cobalt)
The 24,322 hectare B3 claim block was staked due to the Company's heavy mineral and soil-till
sampling indicating it contains copper-nickel-cobalt sulphides. Metalex has undertaken a VTEM
airborne geophysical survey over its B3 claim block by Geotech Ltd.
The VTEM survey, which included both electromagnetic and magnetic data, was reviewed by SHA
Geophysics Inc. Their work indicates that eight of the conductors detected by the electromagnetic
survey are thought to likely represent sulphide mineralization. These are shown on Map 1.
Drilling has now commenced on the first of these conductors.
Claim Blocks A1 and A2 (Gold)
When drilling at the B3 copper-nickel-cobalt project is complete Metalex hopes to move the drill to its
A1 and A2 claim blocks staked for gold. These claim blocks were staked due to the promising gold
and pathfinder element results from detailed heavy mineral sampling of the areas. A VTEM survey
over the claim blocks identified several conductive and magnetic anomalies that could be the
bedrock source of the gold.
Regional Exploration
The Company also intends to complete follow up heavy mineral sampling on gold anomalies
identified by its +/- 10,000 sample regional database in
Quebec
. 185 gold anomalies thought to
reflect bedrock rather than placer sources have been discovered in the survey.
The technical information and results reported here have been reviewed by Mr.
Chad Ulansky
P.Geo
., 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: Certain of the statements and information in this press
release constitute "forward-looking statements" or "forward-looking information", including
statements regarding the expected use of proceeds of the private placement. Further, any
statements or information that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or performance
(often, but not always, using words or phrases such as "expects", "anticipates", "believes", "plans",
"estimates", "intends", "targets", "goals", "forecasts", "objectives", "potential" or variations thereof or
stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, or the negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward-looking statements or information. The
Company's forward-looking statements and information are based on the assumptions, beliefs,
expectations and opinions of management as of the date of this press release, and other than as
required by applicable securities laws, the Company does not assume any obligation to update
forward-looking statements and information if circumstances or management's assumptions,
beliefs, expectations or opinions should change, or changes in any other events affecting such
statements or information. For the reasons set forth above, investors should not place undue
reliance on forward-looking statements and information.
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.
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For further information:
For Further Information: Chad Ulansky, President & CEO, +1-250-860-
8599, [email protected]
CO: Metalex Ventures Ltd.
CNW 07:00e 09-JUN-25