Canadian Mining Journal

News

CONSOLIDATION: Metalex buys out Arctic Star interests in three properties

ONTARIO - Metalex Ventures of Kelowna, BC, has bought out its partner Arctic Star Exploration's joint venture interests in the Kyle Lake (T1 and U2), James Bay Lowlands and Attawapiskat projects. Diamonds are the target of exploration at...



ONTARIO – Metalex Ventures of Kelowna, BC, has bought out its partner Arctic Star Exploration‘s joint venture interests in the Kyle Lake (T1 and U2), James Bay Lowlands and Attawapiskat projects. Diamonds are the target of exploration at Attawapiskat and Kyle Lake; the James Bay property is a base metal target.

Metalex has agreed to pay Arctic Star $264,861.63 and a further $2 million should a mine be developed at Kyle Lake.

Learn about Metalex’s plans for the projects at www.MetalexVentures.com.