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Gold/Mining/Energy : Canadian Diamond Play Cafi -- Ignore unavailable to you. Want to Upgrade?

To: GeoDude who wrote (1589)	11/17/2003 10:59:06 AM
From: james flannigan	Respond to of 16206

UBS still on the MPV buy side as we aproach the prefeasibilty go head.

To: GeoDude who wrote (1589)	11/17/2003 12:20:21 PM
From: rdww	Read Replies (1) \| Respond to of 16206

Metalex intersects kimberlite fragments at Attawapiskat Metalex Ventures Ltd MTX Shares issued 21,876,887 Nov 14 close $3.00 Mon 17 Nov 2003 News Release Mr. Peter Gregory reports METALEX VENTURES LTD -- TWO NEW KIMBERLITE OCCURRENCES FOUND AT ATTAWAPISKAT Auger drill testing of the 400- by 250-metre geophysical anomaly, reported in Stockwatch on Oct. 30, 2003, has intersected abundant kimberlite fragments embedded in a green clay at a depth of three metres to end of hole at seven metres. The kimberlite contains moderately abundant purple pyrope garnets and picroilmenite, minerals characteristic of kimberlite. A 50-kilogram sample composed of soft green weathered kimberlite fragments and green clay is being couriered to the CF Mineral Research laboratory for analysis for diamonds as well as diamond inclusion indicator minerals. In another area, auger drilling intersected a greenish clay containing walnut-size pieces of soft green clay as well as fragments of limestone, dolerite and granite from a depth of five metres to end of hole at 12 metres. An 18.5-kilogram sample was couriered to CF Mineral Research Ltd. and preliminary laboratory concentration of the sample produced a 2.5-gram kimberlite concentrate containing abundant fresh picroilmenite, eclogitic garnets, purple pyrope garnets, chrome diopside and olivine. A previously collected 10-kilogram sample at a depth of three to five metres from a hole drilled 40 metres away also contained abundant picroilenite, chromite, purple pyrope garnets, olivines and chrome diopsides. Microprobe analysis of 137 of the 832 indicator minerals recovered from this earlier sample detected 24 G10 garnets, 10 chrome diopsides, two group one eclogitic garnets and four olivines with compositions equivalent to diamond indicator minerals that grow with diamond. The concentrates from both these drill holes are currently being fusion analyzed for diamond content. There has been minor delay in assembling the second drill rig but the supplier advised that it will be available for shipping to the project area at the end of this week. The second rig is set up for core drilling and will be used to core test kimberlite targets including the two new occurrences mentioned above as well as the earlier discovered kimberlite reported in Stockwatch on Oct. 23, 2003. The first auger drill will be used to track down the source of the five additional indicator mineral trails with anomalously abundant diamond inclusion compositions. Although additional drilling is needed to determine whether the two new kimberlite occurrences are kimberlite pipes, when taken in the context of the previously reported discovery, they suggest the possibility that a new cluster of kimberlites has been located at Attawapiskat. The distribution of indicator minerals indicate additional deposits remain to be discovered whilst the mineral chemistry indicates that some of them should contain significant diamond grades. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com