AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: RECOVERS LARGEST DIAMOND YET FROM U2

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Highgrader

Rank: [?]

President

Points: [?]

22674

Rating: [?]

Votes: 152 Score: 3.8

Currently 3.8/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

RECOVERS LARGEST DIAMOND YET FROM U2

posted on Jun 21, 11 10:26PM (Log in to use the IP Check tool) ^[?]

KELOWNA, BC, May 16 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to report the recovery of a 1.25 carat diamond from U2 along with diamond results from both the 9.3 hectare U2 kimberlite pipe and the 3 hectare T1 pipe on the Metalex - Arctic Star Diamond Corp. (TSXV : ADD) joint venture in the James Bay lowlands, Ontario.

U2 Kimberlite Results

A 1.25 carat, clear white diamond with a few minute inclusions has been recovered from hole U2-RC-06. A picture of the diamond is presented on the Company's website (www.metalexventures.com). This diamond exceeds the two 0.72 carat diamonds previously reported.

Primary recovery of diamonds from the fifth and sixth holes is now complete. U2-RC-06 and U2-RC-07 contain 170 and 115 commercial sized stones (greater than 0.425mm) respectively. Both holes intersected several blocks of limestone within the kimberlite which diluted the diamond grade over these sections. These limestone blocks are interpreted to be large pieces of wall rock that fell into the kimberlite pipe at the time of eruption. If U2 were to be mined, these limestone sections would be consigned to the waste dump.

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »