Metalex Ventures die 2. Noront? - 500 Beiträge pro Seite

[Mauci]

interessant


Metalex-WSR-Arctic Star joint venture intersect massive sulphides on Ring of Fire geophysical target, James Bay Lowlands, Ontario
5/22/2008 2:21:38 PM - Canada NewsWire

KELOWNA, BC, May 22, 2008 (Canada NewsWire via COMTEX News Network) --

Metalex Ventures Limited (MTX: TSX-V) ("Metalex") Project Geologist, Brian Polk, has advised that the first hole, inclined at 60 degrees towards a sympathetic electromagnetic - magnetic Noront-style geophysical anomaly, has intersected massive sulphides between 78.1 and 90.1 metres depth. The hole is targeted to intersect the most conductive anomaly between approximately 100 and 150 metres in depth. The true width of the sulfide intersection is not known at this time.

Significant amounts of pyrrohotite, pyrite and chalcopyrite have been visually identified by Brian Polk within the massive sulphides. The anomaly is believed to be within the projected strike of the "Ring of Fire" zone that hosts the Noront discoveries. Mineralized parts of the drill hole are being cut in half, so that one half of the mineralized zones can be couriered to a laboratory for nickel-copper-cobalt-platinum-paladium-rhodium-gold-silver assay analysis.

Dr. Charles Fipke, Chairman of Metalex Ventures Ltd., is the Qualified Person responsible for the technical contents of this press release.

Chad Ulansky

Chad Ulansky

President and CEO

%SEDAR: 00008159E

SOURCE: Metalex Ventures Ltd.

203-1634 Harvey Ave, Kelowna, BC, Canada, V1Y 6G2, Tel: [phone], Fax: [phone], www.metalexventures.com, [e-mail]
Copyright (C) 2008 CNW Group. All rights reserved.

[Mauci]

WSR-Metalex-Arctic Star Joint Venture Intersects Massive Sulphides on Ring of Fire Geophysical Target, James Bay Lowlands, Ontario
5/22/2008 2:54:12 PM - Market Wire

TORONTO, ONTARIO, May 22, 2008 (Marketwire via COMTEX News Network) --

WSR Gold Inc.'s (TSX VENTURE:WSR), Project Geologist, Brian Polk, has advised that the first hole, inclined at 60 degrees towards a sympathetic electromagnetic - magnetic Noront-style geophysical anomaly, has intersected massive sulphides between 78.1 and 90.1 metres depth. The hole is targeted to intersect the most conductive anomaly between approximately 100 and 150 metres in depth. The true width of the sulfide intersection is not known at this time.

Significant amounts of pyrrohotite, pyrite and chalcopyrite have been visually identified by Brian Polk within the massive sulphides. The anomaly is believed to be within the projected strike of the "Ring of Fire" zone that hosts the Noront discoveries. Mineralized parts of the drill hole are being cut in half, so that one half of the mineralized zones can be couriered to a laboratory for nickel-copper-cobalt-platinum-paladium-rhodium-gold-silver assay analysis.

Dr. Charles Fipke is the Qualified Person responsible for the technical contents of this press release.

About WSR

WSR is a Canadian based mineral exploration company with extensive property holdings strategically located on and around the nickel/copper "Ring of Fire" in northern Ontario near James Bay.

WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option agreement with Noront Resources Ltd. (TSX VENTURE:NOT) (see press release dated November 1, 2007). The area will include 15 Claim Blocks, approximately 4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario near Noront's prolific nickel copper and platinum group metals discovery.

WSR has agreed to acquire a 75% interest in the Big Mac Property from MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) consisting of 51 Claim Blocks, approximately 27,660 acres (see press release dated February 15, 2008).

WSR has entered into an agreement with Metalex Ventures Ltd. (TSX VENTURE:MTX) and Arctic Star Diamond Corp. whereby WSR the right to fund a maximum of $20.0 million in expenditures on the James Bay Properties Property over a 4 year period to earn a maximum 50% interest. The James Bay Properties comprise approximately 214.4 square kilometers (52,980 acres) (see press release dated March 26, 2008).

Forward looking statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WSR, including but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the unavailability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and as such, undue reliance should not be placed on forward-looking statements.

Shares Outstanding: 111,515,983

SOURCE: WSR Gold Inc.

WSR Gold Inc. John Tait President and Chief Executive Officer [phone] [phone] (FAX) Email: [e-mail]
Copyright (C) 2008 Marketwire. All rights reserved.

[Mauci]

in Canada wird MTX bereits als d. 2. Noront gehandelt.

Ist hier jemand investiert?

[hbg55]

Antwort auf Beitrag Nr.: 34.157.017 von Mauci am 23.05.08 10:27:37

...naja, wolln mal schauen, wie die CANs den
gestrigen kräftigen rutsch ´into the SKY´ heute
verarbeiten !!!

[Longtaimtraveling]

...nein kann keine 2te sein!!!

warum?

weil sobald es hier im WO steht, es 1 Mio. vor dir gewusst haben!!

grüsse

[Mauci]

Antwort auf Beitrag Nr.: 34.157.105 von hbg55 am 23.05.08 10:39:10

genau, werde mir den heutigen start mal anschauen...

[Mauci]

Antwort auf Beitrag Nr.: 34.157.108 von Longtaimtraveling am 23.05.08 10:39:19

ja und?

[hbg55]

.....würde mich nicht wundern, wenn wir heute angesichts der
nervösen börsen nen rücksetzer sehen würden, der uns bis zur
markanten unterstützung bei cad 0,30 bringen könnte

[Mauci]

Antwort auf Beitrag Nr.: 34.157.193 von hbg55 am 23.05.08 10:47:45

und genau davor haben viele angst...und trauen sich nicht einzusteigen. me too

börse ist leider zum daytrading geworden, viele nehmen die gewinne gleich mit...was ich auch verstehen kann.

die meisten explorer steigen am tag 30-100% anhand gute nachrichten und am nächsten tag ist fast alles beim alten...

frag mich wie noront, NOT oder auch goldsource, GXS es geschafft haben 2-3 wochen lang nur zu steigen? und das nicht knapp

[Macos]

Hallo

Insider haben sich auch eingedeckt!

canadian insiders
MTX

[hbg55]

....ooooooooh.......1. MUTIGER hat sich in FFM
mit paar st. zu 0,24 eingedeckt - hofftl. nicht zu früh !!!!

[mr.krabs]

mal schauen...
Vieleicht möchte ein Ölscheich seinen Frauen ein paar Diamanten schenken...

[Mauci]

Antwort auf Beitrag Nr.: 34.158.102 von hbg55 am 23.05.08 12:30:54

hm bin gespannt...vorhin bid bei CAD 0,46 jetzt nur noch 0,42

ich denke dass heute viele ihre gewinne mitnehmen werden...wie schon so oft gesehen...

[Mauci]

da werden jetzt viele enttäuscht sein und schimpfen die gestern bzw. heute noch über CAD 0,40 gekauft haben...wie vermutet down...

[Mauci]

Antwort auf Beitrag Nr.: 34.159.822 von Mauci am 23.05.08 15:36:36

bzw. doch nicht

[hbg55]

.......unterstützungsmarke bei cad 0,30 scheint
zu halten

[hbg55]

Time Ex Price Change Volume Buyer Seller Markers
13:20:19 V 0.335 +0.005 2,000 7 TD Sec 88 E-TRADE K
13:09:41 V 0.335 +0.005 500 7 TD Sec 88 E-TRADE K
12:45:36 V 0.335 +0.005 1,000 2 RBC 88 E-TRADE K
12:21:43 V 0.315 -0.015 2,000 7 TD Sec 7 TD Sec K
12:16:48 V 0.33 - 3,000 9 BMO Nesbitt 7 TD Sec K
12:15:03 V 0.325 -0.005 7,000 9 BMO Nesbitt 19 Desjardins K
12:09:46 V 0.315 -0.015 6,000 80 National Bank 88 E-TRADE K
11:53:56 V 0.315 -0.015 2,000 88 E-TRADE 88 E-TRADE K
11:32:12 V 0.31 -0.02 2,000 31 Dominick 79 CIBC K
11:26:21 V 0.31 -0.02 500 31
Dominick 79 CIBC K

[hbg55]

......hier liegen im übrigen die expl. gebiete - nähere
infos unter.........


http://www.metalexventures.com/html/exploration.html

[hbg55]

.....scheint, als hätte ich last friday nen
guten einstiegs- pkt gefunden.......


die vorzeichen stehen auf GRÜÜÜÜN......


Time Ex Price Change Volume Buyer Seller Markers
14:30:56 V 0.34 +0.035 20,000 7 TD Sec 14 ITG K
14:28:49 V 0.34 +0.035 2,500 7 TD Sec 14 ITG K
14:26:36 V 0.34 +0.035 10,000 7 TD Sec 14 ITG K
14:25:52 V 0.34 +0.035 10,000 79 CIBC 79 CIBC K
14:25:52 V 0.34 +0.035 7,500 79 CIBC 14 ITG K
14:25:52 V 0.34 +0.035 20,000 79 CIBC 98 Gateway K
14:20:08 V 0.335 +0.03 2,500 79 CIBC 88 E-TRADE K
13:37:13 V 0.325 +0.02 21,000 88 E-TRADE 5 Penson K
13:35:43 V 0.33 +0.025 9,000 85 Scotia 5 Penson K
13:01:25 V 0.33 +0.025 10,000 88 E-TRADE 7 TD Sec K

[hbg55]

.....nächsten ´markanten´ widerstand sehe ICH erst
wieder bei cad 0,40

[hbg55]

Antwort auf Beitrag Nr.: 34.221.789 von hbg55 am 02.06.08 21:17:44

..und DER könnte mit ner next NEWS durchaus noch
diese woche fallen........






RT...cad 0,35

[mike32]

Antwort auf Beitrag Nr.: 34.221.935 von hbg55 am 02.06.08 21:35:50

Moin hbg55 ,

how are you , " all people an Bord " ???

Gefällt Dir wohl , im " Ring of Fire " !


gruss mike

[hbg55]

Antwort auf Beitrag Nr.: 34.232.615 von mike32 am 04.06.08 08:44:51

moin MIKE........könnnnnt immer besser gehen, aber
ist schon OK

können gerne noch paar mehr PEOPLE an bord kommen
hier zum RING OF FIRE.........wobei es richtig feurig
zzt bei XT zugeht - hast DAS die last days mitbekommen !?!?


aber auch mit MTX versprech ich mir noch ne schöne perf.


gruß hbg55

[hbg55]

Antwort auf Beitrag Nr.: 34.233.433 von hbg55 am 04.06.08 10:13:08

....und der start in den tag könnte kaum besser
ausfallen........RT...cad 0,44

[hbg55]

Antwort auf Beitrag Nr.: 34.236.792 von hbg55 am 04.06.08 15:40:27

..HIER dürften GOOOOD news im anmarsch sein........



Time Price Shares $ Change Buyer Seller
09:33 0.440 1,000 +0.075 Bolder E*TRADE Sec.
09:33 0.440 9,000 +0.075 Bolder Union
09:33 0.440 5,000 +0.075 Bolder BMO Nesbitt
09:33 0.440 15,000 +0.075 Bolder Gateway
09:32 0.440 5,000 +0.075 TD Securities Gateway
09:32 0.435 5,000 +0.070 TD Securities E*TRADE Sec.
09:32 0.440 5,000 +0.075 TD Securities Gateway
09:32 0.435 10,000 +0.070 TD Securities Gateway
09:32 0.435 10,000 +0.070 TD Securities TD Securities
09:32 0.430 25,000 +0.065 TD Securities Canaccord

[lungo]

Hallo Ihr beide.
Könnt Ihr etwa in Kanada handeln,denn in D hat man ja gar nichts von der Kursentwicklung.
Bin auch investiert, schon ziemlich lange her, aber EK lag bei 0,3.
So wie der Makler taxt brauch ich schon mindestens 0,5 CanDollar um aus der Verlustzone raus zu sein.

[hbg55]

....stehen inzwischen kurz vor 2 mio. vol. - KEIN
wunder angesichts weiter anhaltender block- trades....


Time Price Shares $ Change Buyer Seller
10:09 0.435 10,000 +0.070 Ntl. Bank Fin. E*TRADE Sec.
10:08 0.435 34,000 +0.070 Ntl. Bank Fin. BMO Nesbitt
10:05 0.430 7,000 +0.065 Ntl. Bank Fin. TD Securities
10:03 0.425 3,000 +0.060 Ntl. Bank Fin. E*TRADE Sec.
10:02 0.425 2,500 +0.060 Ntl. Bank Fin. E*TRADE Sec.
10:02 0.425 2,500 +0.060 Ntl. Bank Fin. E*TRADE Sec.
10:01 0.430 8,000 +0.065 TD Securities TD Securities
10:01 0.430 3,000 +0.065 TD Securities TD Securities
10:00 0.430 1,000 +0.065 BMO Nesbitt TD Securities
10:00 0.425 7,500 +0.060 Ntl. Bank Fin. Penson

[hbg55]

Antwort auf Beitrag Nr.: 34.237.400 von lungo am 04.06.08 16:28:53

moin LUNGO, ist natürlich akt. angebrachter in
CAN zu handeln, aber auch GER wird wieder anziehen....und
schon bist auch DU im PLUS


sehe da gard nen kurs von 0,311 in Munich

[hbg55]

........soooooooo, was zu vermuten war ist
eingetreten......TRADING HALT



Investment Industry Regulatory Organization of Canada - Trading Halt - Metalex Ventures Ltd. - MTX
6/4/2008 10:54:49 AM - Canada NewsWire

VANCOUVER, Jun 4, 2008 (Canada NewsWire via COMTEX News Network) --

The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):

Issuer Name: Metalex Ventures Ltd.

TSX-V Ticker Symbol: MTX

Time of Halt: 10:37 EDT

Reason for Halt: Pending News

SOURCE: Investment Industry Regulatory Organization of Canada (IIROC)

SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions

contact - IIROC Inquiries [phone] - * Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.
Copyright (C) 2008 CNW Group. All rights reserved.

[hbg55]

.....................NEWS.......................




WSR-METALEX-Arctic Star Joint Venture Intersects 95.0 Meters of Semi-Massive to Near-Massive Sulphides on Anomaly 5.01, James Bay Lowlands, Ontario
Wednesday June 4, 12:42 pm ET

TORONTO, ONTARIO--(Marketwire - June 4, 2008) - WSR Gold Inc. (TSX VENTURE:WSR - News), Metalex Ventures Ltd. (TSX VENTURE:MTX - News; "Metalex"), and Arctic Star Resources Inc.'s (TSX VENTURE:ADD - News; "Arctic Star") Joint Venture Project along the Ring of Fire, 45 Kilometers North of Noront's Eagle One Discovery encountered a significant width of Volcanic Derived Sulphides (VDS) mineralization in hole number 5.01-6. The property consisting of 160 acres, is under option by WSR, whereby WSR can earn up to a 50% interest in the property.


John Harvey, consulting geologist to WSR and a Qualified Person, recently returned from the property and reports the following:

Hole 5.01-06 on north - south Section 1+50East, a 50 meter step out from the previously reported Hole 5.01-01 (see press release dated May 25, 2008), encountered, in highly altered felsic volcanics a strong sulphide zone from 72.7 meters to 167.7 meters (95.0 meters) containing visible copper, zinc, lead and iron sulphide mineralization in semi to near massive sulphides. The dip and strike of the zone have not yet been determined and the true width cannot be determined at this time. Drilling is continuing with one diamond drill for the present and samples are currently being prepared for shipping to an independent assay laboratory where strict quality control procedures are in place and the results will be closely monitored by Ms. Tracy Armstrong of P&E Mining Consultants of Brampton, Ontario.

Hole 5.01-01, reported in a previous press release dated May 22, 2008 on Section 1+00 was followed by four additional holes on the same section. All the four other holes encountered 3 main parallel, steeply dipping core lengths of sulphide mineralization with visible copper, zinc, lead and iron sulphides in an altered felsic volcanic sequence but were not as well mineralized as was observed in hole 5.01-06.


The following table summarizes the drilling on 5.01 to date with
significant visual sulphide mineralization:

--------------------------------------------------------------------------
Visual
Description of
Location Hole Mineralization Mineralization
----------------------------------------------------------
Hole No E.ing N.ing Dip Az EoH From To Width
--------------------------------------------------------------------------
m m m
--------------------------------------------------------------------------
Near-massive,
iron, copper,
5.01-01 1+00E 0+50N -60 180 149.0 78.9 90.2 11.3 zinc sulphides
--------------------------------------------------------------------------
Semi-massive,
iron copper
103.3 106.0 2.7 sulphides
--------------------------------------------------------------------------
Iron copper,
120.1 125.4 5.3 zinc sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Iron, zinc
5.01-02 1+00E 0+00 -90 - 201.2 26.8 29.1 2.3 sulphides
--------------------------------------------------------------------------
Semi-massive,
iron copper
52.5 78.9 26.4 sulphides
--------------------------------------------------------------------------
Near-massive,
iron, copper
98.8 100.3 1.5 sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Semi-massive,
iron copper
5.01-03 1+00E 0+50N -45 180 149.4 56.4 70.1 13.7 sulphides
--------------------------------------------------------------------------
Iron, copper,
zinc
76.1 83.8 7.7 sulphides
--------------------------------------------------------------------------
Iron. Copper,
zinc
92.4 111.0 18.6 sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Semi-massive,
copper,
5.01-04 1+00E 0+75S -60 360 161.5 30.5 36.3 5.8 zinc sulphides
--------------------------------------------------------------------------
Iron, copper,
zinc
59.3 61.6 2.3 sulphides
--------------------------------------------------------------------------
Iron, copper,
zinc
74.1 84.7 10.6 sulphides
--------------------------------------------------------------------------
Semi-massive,
iron, copper,
zinc
100.3 111.0 10.7 sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Semi-massive,
iron, copper,
zinc
5.01-05 1+00E 0+02N -85 - 178.0 46.6 57.3 10.7 sulphides
--------------------------------------------------------------------------
Semi-massive,
iron, copper
89.6 96.0 6.4 sulphides
--------------------------------------------------------------------------
Semi-massive,
iron, copper
126.2 131.7 5.5 sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Semi-massive,
iron, copper,
zinc
5.01-06 1+50E 0+50N -65 180 NF 72.7 90.1 17.4 sulphides
--------------------------------------------------------------------------
Near-massive,
iron, copper,
90.1 167.7 77.6 zinc sulphides
--------------------------------------------------------------------------
- NF - Not Finished


The anomaly 5.01 Project is managed and operated by Metalex for the Joint Venture partners under supervision of Dr. Charles Fipke, Chairman of Metalex and a Qualified Person.

WSR believes that the recent drill hole results, with the presence of visible copper, zinc and lead sulphides being observed on site by the project's geologist are very encouraging and could be of significant importance to the Joint Venture Partners if the assay results pending are favourable. Notwithstanding the foregoing, visible observations are estimates only and pending assay results may not confirm visual observations in whole or in part.

Dr. Charles Fipke is the Qualified Person responsible for the technical contents of this press release.

About WSR

WSR is a Canadian based mineral exploration company with extensive property holdings strategically located on and around the nickel/copper "Ring of Fire" in northern Ontario near James Bay.

WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option agreement with Noront Resources Ltd. (TSX VENTURE:NOT - News; see press release dated November 1, 2007). The area will include 15 Claim Blocks, approximately 4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario near Noront's prolific nickel copper and platinum group metals discovery.

WSR has agreed to acquire a 75% interest in the Big Mac Property from MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK - News) consisting of 51 Claim Blocks, approximately 27,660 acres (see press release dated February 15, 2008).

WSR has entered into an agreement with Metalex Ventures Ltd. (TSX VENTURE:MTX - News) and Arctic Star Diamond Corp. whereby WSR has the right to fund a maximum of $20.0 million in expenditures on the James Bay Properties Property over a 4 year period to earn a maximum 50% interest. The James Bay Properties comprise approximately 214.4 square kilometers (52,980 acres) (see press release dated March 26, 2008).

Forward looking statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WSR, including but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the unavailability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and as such, undue reliance should not be placed on forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

John Tait
WSR Gold
President and Chief Executive Officer
[phone]
Email: [e-mail]
Website: www.wsrresources.ca

Chad Ulansky
Metalex Ventures Ltd.
President and Chief Executive Officer
[phone]
Email: [e-mail]
Website: www.metalexventures.com

Patrick Power
Arctic Star Diamond Corp.
President
[phone]
Email: [e-mail]
Website: www.arcticstardiamond.com

Source: WSR Gold Inc., Metalex Ventures Ltd.

[hbg55]

.....hnadel geht weiter

[hbg55]

......und in bezug auf diesen thr.- titel fragt
man sich auch in CAN vermehrt, obs hier nicht doch
zur 2. NOT heranreifen kann......siehe nachfolg.
beitrag aus SH.........


is not trading at the same level as NOT. we have some good diamond properties along with the ring of fire. So what is holding us back?? Should we not be at the 3-4 dollar level?

[hbg55]

...eindeutig zu sehen, daß die invest. die news noch
nicht so recht beurteilen können.........uuuuund dann
erstmal gewinne mitnehmen

[Mauci]

Antwort auf Beitrag Nr.: 34.239.280 von hbg55 am 04.06.08 19:41:45

ja das wüsste ich auch gerne was den kurspreis noch zurückhaltet!?
versuche heute noch bei 0,40 einzusteigen...

[hbg55]

Antwort auf Beitrag Nr.: 34.239.516 von Mauci am 04.06.08 20:09:50

.....denke, damit machst du keinen fehler - XT zzt.
zuuu heiß....IMO

[Mauci]

Antwort auf Beitrag Nr.: 34.239.570 von hbg55 am 04.06.08 20:14:52

ja bin eh nicht eingestiegen...habe mir aber zu 0,40 welche hier gegönnt...ich hoffe, ich habe auch mal glück.

werde noch etwas money zusammenkratzen und noch in vms und freewest investieren...war eigentlich von anfang an so von mir geplant aber nein, gierig sein und fast alles verlieren...naja...thats life...

[Mauci]

Antwort auf Beitrag Nr.: 34.239.508 von hbg55 am 04.06.08 20:08:54

brauchen sie eine brille?

[hbg55]

Antwort auf Beitrag Nr.: 34.240.594 von Mauci am 04.06.08 22:10:32

...danke der fürsorge, MAUCI - HAB SCHON ´mehrere´

[Mauci]

Antwort auf Beitrag Nr.: 34.241.753 von hbg55 am 05.06.08 08:30:08

NEIN, warst nicht du damit gemeint, sondern die invest.

viele wundern sich warum WSR gestern besser angekommen ist bzw. warum der kurs höher ist als bei MTX!?

[blackwhiteknight]

Antwort auf Beitrag Nr.: 34.242.419 von Mauci am 05.06.08 09:57:11

Wenn Du die RoF-Karte auf der Homepage von WSR ansiehst, dann erkennst Du, daß WSR durch 3 JV in einem zusammenhängenden riesigen Gebiet 50 % Eigner ist. Das heißt, WSR hat sich strategisch bestens positioniert. Und das ist ein trifftiger Grund.
BWK

[hbg55]

.....................NEWS..........................



Metalex Ventures Limited - Two new diatremes discovered in Angola


Thursday June 5, 1:54 pm ET

KELOWNA, BC, June 5 /CNW/ - Metalex Ventures Limited (MTX:TSX - Venture Exchange) is pleased to announce that another two diatremes have been intersected at its project in Angola. This brings the number of diatremes discovered by the current drill program to five. In addition four diatremes were pitted or augered last year and were confirmed as kimberlite.

This fourth diatreme discovered by the current drill program was intersected by a vertical core hole at a depth of approximately 10 feet. Diatreme, containing sandstone xenoliths, was intersected to a depth of 565 feet. Sandstone was intersected from 565 feet to the end of the hole at 600 feet. It is not clear whether this sandstone represents the diatreme wall or a large xenolith at depth.

Drilling of the next target intersected the fifth diatreme at a depth of 8 feet. The hole remained in the diatreme to 602 feet, the planned end depth.

The drill is currently being moved to the next target.

The last of approximately 150 alluvial heavy mineral and weathered rock pit samples have now been collected. The first shipment of these samples, along with core from the first three diatremes intersected, has now arrived at the CF Mineral Research Ltd. laboratory in Kelowna and the samples are being analyzed for diamonds and diamond indicator minerals.

Mr. Chad Ulansky is the Qualified Person responsible for the technical contents of this press release.

Charles Fipke

Dr. Charles Fipke
Chairman

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.


For further information

203-1634 Harvey Ave, Kelowna, B.C, Canada, V1Y 6G2, Tel [phone], Fax [phone], www.metalexventures.com, [e-mail]


Source: Metalex Ventures Ltd.

[mike32]

http://agoracom.com/ir/Noront/messages/852109#message



The Northern Miner, 6/5/2008
Posted by: Red Mars on June 05, 2008 10:35PM

The Northern Miner, 6/5/2008


-------------------------------------------------------------------

WSR hits mineralized sulphides near Noront

Vancouver - WSR Gold (WSR-V) got a healthy boost following news that the sixth drill hole into its Ring of Fire joint venture in the James Bay Lowlands hit a significant width of volcanic-derived sulphide mineralization.

At the Anomaly 5.01 claim block, which sits 45 km north of Noront Resources' (NOT-V) Eagle One discovery, WSR drill hole 6 encountered a strong sulphide zone starting 73 metres downhole and extending 95 metres. Hosted in highly altered felsic volcanics, WSR's consulting geologist John Harvey described the intersections as containing visible copper, zinc, lead, and iron sulphide mineralization in semi- to near- massive sulphides.

Hole 6 was a 50-metre step-out from hole 1, which cut 11 metres of near-massive iron, copper, and zinc sulphides. Four additional holes along the same section encountered three main parallel, steeply-dipping core lengths of sulphide mineralization with visible copper, zinc, lead, and iron sulphides in an altered volcanic sequence. Hole 3, for example, returned 13.7 metres of semi-massive iron copper sulphides from 56 metres downhole followed by 7.7 metres of iron, copper, and zinc sulphides from 76 metres depth and 18.6 metres of iron, copper, and zinc sulphides from 92 metres depth. None of the first five holes, however, were as well mineralized as hole 6.

WSR is managing and operating the Anomaly 5.01 project in order to earn a 50% interest in the claims from Metalex Ventures (MTX-V), which holds a 91.5% interest, and Arctic Star Diamond (ADD-V), which owns the remaining (8.5%). For its 50% WSR must spend $20 million over four years, pursuant to an agreement signed in early 2008.

Anomaly 5.01 is just one of 21 potential Noront-style electromagnetic-magnetic anomalies on the joint venture's claim block. The area also hosts 19 additional electromagnetic conductor anomalies. WSR has cut ground grids and completed ground electromagnetic and magnetic geophysical surveys on 16 of the 21 Noront-style anomalies; drill hole targets have been identified on three. Anomaly 5.01 was the first anomalous target ready for drilling.

And the Metalex-Arctic Star joint venture is not WSR's only Ring of Fire project. In three separate agreements WSR agreed to operate the exploration on a total of 17 claim blocks totalling over 37,000 hectares on the northeast corner of the Ring of Fire on behalf of partners Noront, MacDonald Mines Exploration (BMK-V), and Metalex. WSR can earn a 50% interest in the Noront claims and a 75% interest in the MacDonald claims.

In the last few months the company has constructed a 20-person exploration camp, prioritized exploration targets, undertaken an extensive ground geophysics program, and commenced a 2,500-metre drill program

The Ring of Fire is am arc-shaped greenstone belt encompassing McFauld's Lake and outlined by geophysical surveys that has yielded clusters of mineralization, including the Noront discovery

In order to finance all of its various Ring of Fire projects in late April WSR closed a $9-million financing. The company issued 11 million units at 50¢ a piece, comprising one share and half a warrant, as well as 5.8 million flow-through units at 60¢ each, comprising one flow-through share and half a warrant. Warrants are exercisable at 65¢ for one share within 24 months.

The financing left WSR with $14 million cash in hand.

News of the intersection from hole 6 boosted WSR 13¢ to close at 79¢ in June 4 trading. The company has a 52-week trading range of 20¢ to $1 and has 111.5 million shares issued. Metalex gained 2¢ to close at 38.5¢.



gruss mike

[hbg55]

...kurz vorm börsenstart schauts frdl. aus bei den CANs -
schaumamal

[hbg55]

Time Ex Price Change Volume Buyer Seller Markers
10:34:45 V 0.415 +0.035 1,500 79 CIBC 54 Global K
10:34:45 V 0.415 +0.035 5,000 79 CIBC 9 BMO Nesbitt K
10:26:24 V 0.42 +0.04 7,000 33 Canaccord 19 Desjardins K
10:26:24 V 0.42 +0.04 8,000 33 Canaccord 7 TD Sec K
10:26:24 V 0.42 +0.04 40,000 33 Canaccord 7 TD Sec K
10:26:24 V 0.415 +0.035 10,000 33 Canaccord 95 Wolverton K
10:26:24 V 0.415 +0.035 10,000 33 Canaccord 7 TD Sec K
10:26:24 V 0.415 +0.035 5,000 33 Canaccord 9 BMO Nesbitt K
10:26:24 V 0.415 +0.035 20,000 33 Canaccord 111 Fraser Mackenzie K
10:22:41 V 0.405 +0.025 7,000 5 Penson 85 Scotia K

[hbg55]

Antwort auf Beitrag Nr.: 34.254.699 von hbg55 am 06.06.08 14:50:57

.....schon beachtlich, daß wir trotz schwacher
WALLSTREET sone schöne perf. sehen - selbst auf
diesem niv. sehen wir immer wieder schöne blöcke..........



Time Price Shares $ Change Buyer Seller
13:39 0.440 10,000 +0.060 HSBC Octagon
13:38 0.440 6,000 +0.060 Scotia Octagon
13:37 0.440 5,000 +0.060 TD Securities Canaccord
13:35 0.440 5,000 +0.060 RBC Canaccord
13:35 0.440 20,000 +0.060 RBC Octagon
13:34 0.440 4,000 +0.060 Jones, Gable RBC
13:34 0.440 21,000 +0.060 Raymond James RBC
13:34 0.440 9,000 +0.060 Raymond James Anonymous
13:31 0.440 16,000 +0.060 Blackmont Anonymous

[Macos]

jetzt zuschlagen, günstiger wird es hier nicht!

[mike32]

http://micro.newswire.ca/release.cgi?rkey=1606164250&view=70…

Investment Industry Regulatory Organization of Canada - Trading Halt - Metalex Ventures Ltd - MTX
VANCOUVER, June 16 /CNW/ - The following issues have been halted by
Investment Industry Regulatory Organization of Canada (IIROC):

Issuer Name: Metalex Ventures Ltd
TSX-V Ticker Symbol: MTX
Time of Halt: 9:00 EDT
Reason for Halt: Pending News

[hbg55]

Antwort auf Beitrag Nr.: 34.310.198 von mike32 am 16.06.08 15:43:12

......................NEWS........................


Metalex, WSR, Arctic Star find Cu, Zn, Fe sulphides

2008-06-16 10:15 ET - News Release

See News Release (C-MTX) Metalex Ventures Ltd

Mr. Chad Ulansky of Metalex reports

METALEX-WSR-ARCTIC STAR JOINT VENTURE INTERSECTS 131.9 METERS OF SEMI-MASSIVE TO NEAR-MASSIVE SULPHIDES IN HOLE 5.01-09, UNDER HOLE 5.01-06, ON ANOMALY 5.01, JAMES BAY LOWLANDS, ONTARIO

The joint venture project of Metalex Ventures Ltd., WSR Gold Inc. and Arctic Star Diamond Corp. along the Ring of Fire, 45 kilometres north of Noront's Eagle One discovery, has encountered another significant width of volcanic-derived sulphides (VDS) mineralization in hole No. 5.01-09. This property, of 65 hectares, is one of 113 joint venture claim blocks under option by WSR, whereby WSR can earn up to a 50-per-cent interest in the property by spending $20-million over four years, thereby diluting Metalex to a 45.75-per-cent interest and Arctic Star to a 4.25-per-cent interest. Currently, Metalex has a 91.5-per-cent interest and Arctic Star has an 8.5-per-cent interest. Within the option agreement covering approximately 21,400 hectares, there are numerous other high-priority targets throughout the area.

To date, on the 5.01 discovery, 10 holes have been completed totalling 1,903.5 metres. Hole 5.01-06, reported in a previous press release in Stockwatch dated June 4, 2008, on Section 1+50 east, was followed by three additional holes on the same section. Hole 5.01-10 was a 50-metre step-out east of 5.01-09 on Section 2+00 east. The zone dips steeply north below the Precambrian surface which is overlain by approximately 15 to 20 metres of gravel and Paleozoic sedimentary cover. The VDS mineralization has been delineated thus far on sections 1+00 east and 1+50 east (50 metres apart) down to a vertical depth of 200 metres. On a third section (2+00 east), the first hole completed (5.10-10) failed to intersect the zone at its targeted vertical depth of 150 metres.

Hole No. 5.01-07 was drilled in a southeasterly direction to check for a northeasterly-southwesterly strike direction and encountered only minor iron sulphide mineralization.

Hole No. 5.01-08 drilled southerly, across the assumed east-west strike direction, encountered only sparse mineralization at shallow depths over the top of the main mineralization.

Hole No. 5.01-09 drilled southerly, 50 metres down dip below hole 5.01-08, encountered the main zone from 103.5 metres to 235.4 metres (103.5 metres in total) in the drill hole and is similar in visible sulphide content to hole No. 5.01-06.

Hole No. 5.01-10, a 50-metre step-out to the east of hole 5.01-09 and along strike, intersected only minor sulphides.

Hole No. 5.01-11 currently being drilled is designed to test for the main mineralization down the steep easterly plunge, 50 metres below hole 5.01-10 on the same north-south cross-section (2+00 east).

SUMMARY OF THE RECENT DRILLING ON 5.01 WITH SIGNIFICANT VISUAL
SULPHIDE MINERALIZATION

Location Hole mineralization Visual
Hole No. East- North- Dip Az EoH From To Width description
ing ing of
metres metres metres mineralization

Minor
5.01-07 1+50E 0+50N -45 135 165.0 52.4 118.5 66.1 iron sulphides
Minor
5.01-08 1+50E 0+50N -45 180 140.2 25.9 35.4 9.5 iron sulphides
Minor iron,
copper
5.01-09 1+50E 1+00N -60 180 249.7 42.0 103.5 61.5 sulphides
Semi-massive,
iron, copper,
103.5 154.0 50.5 zinc sulphides
Iron, copper,
154.0 183.8 29.8 zinc sulphides
Semi-massive
iron, copper,
183.8 201.2 17.4 zinc sulphides
Near-massive
iron, copper
201.2 235.4 34.2 sulphides
Minor
5.01-10 2+00E 0+50N -65 180 280.5 131.7 235.1 93.4 iron sulphides

The anomaly 5.01 project is managed and operated by Metalex for the joint venture partners under supervision of Dr. Charles Fipke, chairman of Metalex. Dr. Fipke and John Harvey, PEng, a consulting geologist for WSR, prepared this release.

Metalex believes that the recent drill results, with the presence of visible copper, zinc and lead sulphides being observed on site by the project's geologist, are very encouraging and could be of significant importance to the joint venture partners if the assay results pending are favourable. Notwithstanding the foregoing, visible observations are estimates only and pending assay results may not confirm visual observations in whole or in part. The widths given above are core widths only and do not represent true widths which cannot be determined at this time.

John Archibald, PEng, and a qualified person, has reviewed the drill core and confirms the visual descriptions described herein. Assay results are pending for all holes completed to date.



.......der börse scheint nicht zu schmecken.......oder
sagen wir mal besser n o c h nicht

[mike32]

Antwort auf Beitrag Nr.: 34.312.188 von hbg55 am 16.06.08 19:54:45

Hi hbg55 ,

sagen wir mal besser n o c h nicht

da hast Du den Nagel auf den ... !!!

gruss mike

[hbg55]

Antwort auf Beitrag Nr.: 34.312.210 von mike32 am 16.06.08 19:58:59

.......dafür aber HEUTE

[hbg55]

Recent Trades - Last 10


Time Ex Price Change Volume Buyer Seller Markers


15:26:17 V 0.36 +0.075 4,000 1 Anonymous 1 Anonymous K
15:25:53 V 0.36 +0.075 2,500 1 Anonymous 1 Anonymous K
15:25:38 V 0.36 +0.075 2,000 19 Desjardins 1 Anonymous K
15:25:38 V 0.36 +0.075 1,500 2 RBC 1 Anonymous K
15:23:50 V 0.36 +0.075 2,500 2 RBC 80 National Bank K
15:21:37 V 0.36 +0.075 11,500 6 Union 80 National Bank K
15:21:37 V 0.36 +0.075 8,500 6 Union 79 CIBC K
15:13:42 V 0.35 +0.065 10,000 1 Anonymous 79 CIBC K
15:13:42 V 0.35 +0.065 20,000 1 Anonymous 9 BMO Nesbitt K
15:13:29 V 0.34 +0.055 50,000 1 Anonymous 7 TD Sec K



..zwar noch nicht mit den RIESEN- umsätzen einer NAG oder CDB
aber kann ja noch werden !!!

[hbg55]

........wow......da muß was GROSSES kommen, um im vorfeld
solch 30%- sprung zu sehen !!!

[hbg55]

fulminante END- rally trieb SIE sogar noch
auf SK 0,37....


Recent Trades - Last 10


Time Ex Price Change Volume Buyer Seller Markers


15:58:50 V 0.37 +0.085 2,000 1 Anonymous 79 CIBC K
15:58:11 V 0.375 +0.09 1,500 6 Union 2 RBC K
15:58:11 V 0.375 +0.09 3,500 6 Union 79 CIBC K
15:55:59 V 0.375 +0.09 1,500 85 Scotia 79 CIBC K
15:55:59 V 0.375 +0.09 5,000 7 TD Sec 79 CIBC K
15:55:48 V 0.38 +0.095 26,000 79 CIBC 44 Jones Gable K .......TH
15:53:59 V 0.375 +0.09 5,000 7 TD Sec 80 National Bank K
15:50:33 V 0.38 +0.095 500 7 TD Sec 44 Jones Gable K
15:50:17 V 0.375 +0.09 4,500 9 BMO Nesbitt 80 National Bank K
15:50:17 V 0.375 +0.09 5,500 9 BMO Nesbitt 74 GMP K



.........sehen wir morgen die entsprechende NEWS

[hbg55]

moin MTX-lers,


mal schauen, ob der monatsbeginn gleich ebenso
beginnt, wie sich gestern der JULI verabschiedete.....

[hbg55]

Antwort auf Beitrag Nr.: 34.631.248 von hbg55 am 01.08.08 14:07:23

.......trotz gestrigen SPRUNGS n u r vereinzelte
gewinnmitnahmen - SEEEEEEHR beachtliches standing...
...immmmmer noch o h n e NEWS !!!


Recent Trades - Last 10


Time Ex Price Change Volume Buyer Seller Markers

10:55:08 V 0.375 +0.005 4,000 9 BMO Nesbitt 88 E-TRADE K
10:52:42 V 0.375 +0.005 10,000 9 BMO Nesbitt 9 BMO Nesbitt K
10:49:21 V 0.38 +0.01 8,000 88 E-TRADE 7 TD Sec K
10:48:32 V 0.38 +0.01 3,500 88 E-TRADE 7 TD Sec K
10:45:23 V 0.375 +0.005 10,000 9 BMO Nesbitt 88 E-TRADE K
10:45:23 V 0.375 +0.005 1,000 9 BMO Nesbitt 9 BMO Nesbitt K
10:45:23 V 0.375 +0.005 5,000 9 BMO Nesbitt 7 TD Sec K
10:38:48 V 0.37 - 2,500 88 E-TRADE 85 Scotia K
10:37:16 V 0.37 - 10,000 79 CIBC 85 Scotia K
10:34:21 V 0.37 - 2,500 9 BMO Nesbitt 85 Scotia K

[hbg55]

Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers


15:58:16 V 0.37 - 8,500 1 Anonymous 7 TD Sec K
15:32:37 V 0.37 - 5,000 1 Anonymous 33 Canaccord K
15:32:37 V 0.37 - 17,000 1 Anonymous 7 TD Sec K
15:32:37 V 0.365 -0.005 10,000 1 Anonymous 80 National Bank K
15:02:16 V 0.37 - 3,000 33 Canaccord 7 TD Sec K
14:59:22 V 0.36 -0.01 6,000 80 National Bank 7 TD Sec K
14:59:22 V 0.36 -0.01 1,000 80 National Bank 7 TD Sec K
14:45:54 V 0.36 -0.01 3,000 80 National Bank 2 RBC K
14:31:12 V 0.34 - 250 95 Wolverton 19 Desjardins E
14:20:59 V 0.37 - 6,000 6 Union 79 CIBC K



........´punkt- landung´ - damit bin ICH mehr als zufrieden !!!

[hbg55]

Metalex's Ekomiak JV recovers 106 purple diamonds

2008-08-07 08:51 ET - News Release

Mr. Chad Ulansky reports

METALEX VENTURES LTD. - 106 PURPLE DIAMONDS IN QUEBEC ROCK SAMPLES

Metalex Ventures Ltd. and its joint venture partners Dianor Resources Inc. and Wemindji Exploration Inc. have received final diamond results for 111 reconnaissance surface rock samples taken on the joint venture's Ekomiak II, IV, V, VI and VII properties in the James Bay region of Quebec. Diamonds were recovered from all of the five sampled properties spread over a large geographical area of James Bay that is easily accessible by road. A review of the diamonds recovered to date by CF Minerals of Kelowna, B.C., confirmed the presence of 106 purple-coloured diamonds in five samples from two properties (Ekomiak V and VII).

A single surface rock sample from the Ekomiak V property weighing 36.66 kilograms (approximately 81 pounds) contained 94 purple diamonds in addition to numerous other-coloured diamonds. The Ekomiak V samples also returned an average coloured diamond content of brown (30 per cent), purple (22 per cent), grey (15 per cent), yellow (9 per cent), green (5 per cent) and amber (2 per cent). Eighty-three per cent of the diamonds recovered and described from the properties were coloured diamonds. Natural fancy-coloured diamonds are very rare and expensive with purple as one of the rarest and most desirable colours. The main host rocks are conglomerates of Archean age, between 2,716 and 2,733 million years old, thus making these Quebec diamond discoveries both unique and amongst the oldest diamond-bearing occurrence in the world (see Stockwatch news dated March 3, 2007).

Fifty-four of the 111 reconnaissance surface rock samples were diamond bearing and a total of 1,717 diamonds were recovered. The results show that on average, 49 per cent of the rock samples from all the sampled properties were diamond bearing while 82 per cent of the rock samples from the Ekomiak V property were diamondiferous.

Cumulative results for all diamond-bearing surface conglomerate samples from the five sampled properties are outlined in the tables.


SUMMARY OF DIAMONDS RECOVERED BY SIEVE SIZE

Bottom sieve aperture
Weight in microns(*)
Location kg +75 +106 +150 +212

Ekomiak II 106.55 4 0 1 0
Ekomiak IV 252.36 13 6 3 2
Ekomiak V 922.54 654 557 257 143
Ekomiak VI 55.28 2 0 1 1
Ekomiak VII 278.90 8 3 1 0
Total 1,615.63 681 566 263 146

(*) Note that 1,000 microns equals one millimetre.


SUMMARY OF DIAMONDS RECOVERED BY SIEVE SIZE

Bottom sieve aperture
in microns(*) Total
Location +300 +425 +600 +850 +1,180 diamonds

Ekomiak II 0 0 0 0 0 5
Ekomiak IV 0 0 0 0 0 24
Ekomiak V 42 14 4 1 0 1,672
Ekomiak VI 0 0 0 0 0 4
Ekomiak VII 0 0 0 0 0 12
Total 42 14 4 1 0 1,717

(*) Note that 1,000 microns equals one millimetre.

The coloured diamonds recovered ranged in size from 0.075 millimetre to 1.06 mm and were present on all screen sieve sizes from plus 75 to plus 850 microns.


LARGEST INDIVIDUAL COLOURED DIAMONDS FROM EKOMIAK V PROPERTIES
MEASURED XYZ AXES (MICRONS)

Ekomiak V Sieve
property size (mm) X Y Z

Brown 0.850 988 728 768
Yellow 0.600 940 920 740
Green 0.425 780 560 500
Grey 0.300 402 711 75
Purple 425 512 646 517
Amber 600 1060 700 520


The majority (90) of the surface rock samples were processed by autogenous (attrition) milling at the CF Minerals Research Limited laboratory in Kelowna, B.C., to recover indicator minerals followed by caustic fusion to recover diamonds. The remaining 21 rock samples were caustically fused for diamonds only at the SRC diamond laboratory in Saskatoon, Sask. (see Stockwatch news dated March 3, 2008, April 10, 2008, and May 14, 2008). The Ekomiak IV, V and VII properties are located between 70 and 90 kilometres south of Radisson while the Ekomiak VI property is located approximately 200 kilometres directly south of Radisson, Que. All the properties sampled are readily accessible by road.

Indicator minerals (approximately 15,000) were recovered through the autogenous (attrition) milling of the outcrop samples of conglomerate and microprobe analyses of approximately 1,500 grains identified kimberlite and diamond indicator minerals (DIMs) including olivine, pyrope (G9 and G10) and eclogitic (G1) garnets; chromites; clinopyroxenes; and picroilmenite. Plotting and evaluation of the data show that approximately 75 per cent of olivines and 25 per cent of chromites plot in the diamond stability field with the picroilmenites plotting in the compositional range normally associated with North American kimberlite. Microprobe analyses and interpretation by CF Minerals also indicated that certain minerals grew in a diamond environment with large diamonds. The indicator mineral assemblages suggest a proximal diamondiferous primary source rocks for the diamonds in the conglomerates. A pyrope G10-10 garnet was identified in one of the four samples taken from Ekomiak VI where geological mapping by the Quebec government delineated an area of 20 to 30 square kilometres of conglomerate.

Management is encouraged with the sample results especially the percentage content of the rare purple diamonds and size of the coloured stones from small 30-kilogram (70-pound) rock samples taken from the surface of large outcrops on the Ekomiak V property and the confirmation that the purple diamonds occur in five samples. The high percentage of coloured diamonds indicates that the James Bay area of Quebec has the potential to be a premier area for coloured diamonds in North America if not the world apart from the Australian Argyle mine where coloured diamonds are mined and marketed by Rio Tinto. Management is also encouraged that the reconnaissance sampling program of 2007 proved the presence of diamondiferous conglomerates on all of the five properties. Also, in the current era of high energy prices, all of the five properties are close to and cut by highways and as the diamond-bearing rocks are exposed on surface, current and future activities fit a low-cost exploration model for diamond exploration and exploitation compared with other diamond exploration areas of Canada.

John Ryder, PGeo, is the qualified person responsible for the technical contents of this press release.

[hbg55]

Metalex JV drills 6.5% Zn, 0.44% Cu over 102 m

2008-09-10 08:13 ET - News Release

Also News Release (C-ADD) Arctic Star Diamond Corp
Also News Release (C-WSR) WSR Gold Inc

Mr. Chad Ulansky of Metalex reports

METALEX-WSR-ARCTIC STAR JOINT VENTURE INTERSECTS 26M OF 13.8% ZN

Metalex Ventures Ltd., WSR Gold Inc. and Arctic Star Resources Inc.'s joint venture project along the Ring of Fire in the James Bay Lowlands, are releasing the first assay results from its zinc-copper-lead-silver (Zn-Cu-Pb-Ag) discovery on anomaly 5.01, located 45 kilometres north of Noront's Eagle One deposit.

Highlights:

* DDH5.01-06 intersected near-massive to massive sulphides from 65 to 167 m downhole for a length of 102 m averaging 6.5 per cent Zn, 0.44 per cent Cu, 0.19 per cent Pb and three grams per tonne Ag. Included within this section, from 99.7 to 125.7 m, for a length of 26 m, the zone averaged 13.8 per cent Zn, 0.50 per cent Cu, 0.05 per cent Pb and two g/t Ag.

* DDH5.01-14 intersected similar near-massive to massive sulphides from 83.0 to 120.0 m downhole for a length of 37.0 m, averaging 6.0 per cent Zn, 0.34 per cent Cu, 0.05 per cent Pb and six g/t Ag. Included in this section, from 103.0 to 111.0 m, for a length of eight m, the zone averaged 17.4 per cent Zn, 0.24 per cent Cu, 0.04 per cent Pb and five g/t Ag.

* DDH5.01-15 intersected similar near-massive to massive sulphides from 158.8 to 184.2 m downhole, for a length of 25.4 m, averaging 7.6 per cent Zn, 0.35 per cent Cu, 0.36 per cent Pb and eight g/t Ag.

* Mineralization, alteration and the geological environment at the 5.01 anomaly appears to be typical of a Noranda-Mattabi-style VMS (volcanogenic massive sulphide) deposit.

* The mineralized zone appears to subcrop beneath approximately 15 metres of glacial till and thus far has been delineated along a north-south strike for 150 m, dips 75 degrees to the east, with a maximum core width of 53 m and plunging flatly to the south. The base metal occurrence appears open in all directions.

* To date, Metalex has completed 25 holes on the 5.01 anomaly totalling 5,699.4 meters since the program began in 2008.

Assay results have now been received for holes 1 to 15. The results from significantly mineralized intervals within these holes are presented in the table.

SIGNIFICANT ASSAY RESULTS FOR PROJECT 5.01

From To Length Zn Cu Pb Ag
Hole (m) (m) (m) % % % g/t

05.01-01 108.2 109.5 1.3 3.04 0.232 <0.01 2
118.8 124.1 5.3 4.20 0.275 0.574 9
Incl 121.3 122.6 1.3 8.02 0.287 1.3 11
05.01-02 22.9 28.1 5.2 2.54 0.053 0.216 4
05.01-03 94.6 100 5.4 3.33 0.027 0.007 2
Incl 94.6 95.7 1.1 6.76 0.063 <0.01 4
05.01-04 30.9 37 6.1 5.83 0.265 0.006 2
Incl 35 37 2.0 10.69 0.517 0.006 1
05.01-06 36.8 38.8 2.0 3.19 0.256 0.014 1
65 167 102.0 6.48 0.435 0.185 3
Incl 99.7 125.7 26.0 13.81 0.502 0.053 2
Incl 144.5 145.5 1.0 11.15 0.535 0.170 2
Incl 162 165 3.0 11.90 0.417 0.763 11
183.15 189.6 6.4 3.42 0.098 0.002 <1
195.5 197.6 2.1 2.55 0.078 0.159 3
05.01-09 88 90 2.0 3.55 0.253 0.007 2
141 152 11.0 4.92 0.514 0.006 2
Incl 149 151 2.0 12.32 0.218 0.006 1
220.5 221.6 1.1 0.27 4.510 0.480 4
05.01-14 83 120 37 5.96(i) 0.339 0.047 6
Incl 103 111 8 17.42(i) 0.236 0.037 5
05.01-15 158.8 184.2 25.4 7.63 0.345 0.355 8
Incl 161.9 162.4 0.5 17.45 0.064 0.001 2
Incl 167 174.6 7.6 11.67 0.486 0.303 10
Incl 180.3 182 1.7 11.73 0.235 0.305 11
227.5 228.8 1.3 0.06 1.155 0.002 6

(i) A 1.2 m interval from 109.8 m on hole 5.01-14 has a zinc
concentration greater than 30 per cent which is the upper limit of
the assay technique. It is being reassayed.

The table contains the grid and UTM locations along with the collar information for the 25 holes completed on anomaly 5.01 to date.

LOCATION AND COLLAR INFORMATION FOR 5.01 DRILLING TO DATE

Hole No. Grid E Grid N UTM e (m) UTM n (m) Z (m) Az Dip Length

DDH501-01 L1+00E 0+50N 522313.8 5901524.0 167.6 180 -60 149
DDH501-02 L1+00E 0+00 522311.1 5901476.0 168.0 0 -90 201.2
DDH501-03 L1+00E 0+50N 522313.8 5901524.0 167.6 180 -45 146.5
DDH501-04 L1+00E 0+75S 522309.6 5901400.0 168.0 0 -45 163.1
DDH501-05 L1+00E 0+02N 522313.8 5901476.0 168.0 0 -85 182.5
DDH501-06 L1+50E 0+50N 522361.0 5901525.0 168.0 179 -65 227.5
DDH501-07 L1+50E 0+50N 522360.9 5901525.0 168.0 137 -45 158.5
DDH501-08 L1+50E 0+50N 522360.8 5901525.0 168.0 183 -45 140.2
DDH501-09 L1+50E 1+00N 522359.4 5901575.0 167.8 177 -60 249.7
DDH501-10 L2+00E 0+50N 522413.8 5901526.0 167.8 181 -62 281.7
DDH501-11 L2+00E 1+00N 522414.9 5901576.0 167.8 179 -60 146.3
DDH501-12 L2+00E 1+00N 522415.1 5901576.0 167.7 181 -60 292
DDH501-13 L1+50E 1+29N 522358.6 5901606.0 167.7 182 -60 279
DDH501-14 L1+50E 0+40S 522363.7 5901436.0 168.0 0 -55 282
DDH501-15 L1+50E 1+15S 522365.8 5901361.0 167.9 1 -55 278.7
DDH501-16 L1+75E 0+00 522386.8 5901475.0 168.1 276 -55 244.9
DDH501-17 L2+75E 0+50N 522494.9 5901525.0 167.5 267 -55 327
DDH501-18 L1+05E 0+00 522310.4 5901475.0 168.0 269 -55 239.6
DDH501-19 L1+75E 0+00 522387.3 5901475.0 167.9 271 -70 240
DDH501-20 L1+75E 0+25S 522386.9 5901450.0 167.9 272 -60 261
DDH501-21 L1+75E 0+25N 522386.0 5901499.0 167.9 267 -60 234
DDH501-22 L2+59E 0+90N 522522.3 5901535.0 167.6 241 -55 315
DDH501-23 L2+48E 0+12N 522461.1 5901487.0 167.9 232 -57 30
DDH501-24 L2+48E 0+12N 522461.1 5901487.0 167.9 232 -51 270
DDH501-25 L1+89E 1+64N 522523.8 5901463.0 168.0 235 -51 351

NAD83, zone 16

The table contains the visual descriptions for holes completed since the last news released in Stockwatch June 16, 2008.

VISUAL DESCRIPTION OF MINERALIZATION IN RECENT DRILL CORE

From To Int
Hole No. (m) (m) (m) Description

DDH501-11 hole lost
DDH501-12 no significant mineralization
DDH501-13 no significant results
DDH501-16 167 188 21 near-massive to massive sulphides, visible
sph, cp
DDH501-17 172 188 16 disseminated sulphides with visible sph, cp
DDH501-18 62 102 40 disseminated sulphides
DDH501-19 83 132 49 stringer sulphides with visible sph, cp
DDH501-20 78.6 86.3 7.7 near-massive to massive sulphides, visible
sph, cp
DDH501-21 50.7 93.5 42.8 near-massive to massive sulphides, visible
sph, cp
DDH501-22 240 293 53 disseminated and stringer sulphides,
visible sph, cp
DDH501-23 hole abandoned
DDH501-24 180 183.5 3.5 near-massive to massive sulphides, visible
sph, cp
DDH501-25 271 282 11 stringer and near-massive sulphides,
visible sph, cp

Additional ground and down hole geophysical surveys have now been completed on 5.01 and the interpretation of the data is awaited. The joint venture has temporarily suspended the drilling on anomaly 5.01 as of Sept 5, 2008, to allow the results of the completed work to guide the next phase of drilling. Detailed logs of the most recent holes, assay results from holes 16 to 25, and the ground geophysical interpretation are currently being completed.

Description of the mineralized body

From the drilling to date, the high-grade Zn-Cu-Pb-Ag mineralized zone has been delineated over a strike length of 150 m which appears to be almost due north-south and dipping steeply at 75 degrees to the east. It has been intersected thus far between 50 and 215 metres below surface and appears to be 3.5 to 53 m wide along core length with a possible shallow 30-degree plunge to the south. The high-grade mineralization is part of a wider, more extensive system of volcanically derived sulphides, hosted within a chlorite-sericite-quartz (plus/minus)-garnet (plus/minus)-staurolite schist. The system appears overturned as higher grade metamorphic minerals are present in the structural hangingwall, with apparent felsic volcaniclastic lithologies occurring in the structural footwall. Additional drilling is needed to confirm the geometry of the deposit.

Drilling in the James Bay Lowlands without bedrock exposure to aid in geological interpretation of strikes and dips is very challenging. Drilling to date strongly suggests a north-south strike to the mineralized zone. Many of the north-south drill holes drilled during the program have missed the zone entirely, and the more recent east-west drilling has proven to repeatedly intersect the mineralized occurrence. It will be the objective of the next phase of drilling to systematically delineate the mineralized occurrence and complete fill-in drilling to prepare for a 43-101-compliant resource calculation.

5.01 project

This property, of 65 hectares, is one of 113 joint venture claim blocks in the region under option by WSR, whereby WSR can earn up to a 50-per-cent interest in the properties by spending $20-million over four years. Upon completion of the earn-in option, Metalex will carry a 45.75-per-cent interest and Arctic Star a 4.25-per-cent interest.

Within the option agreement, approximately 21,400 hectares of ground is held. Numerous other high priority regional geophysical targets are currently being tested with two highly mobile Metalex drills. The project is managed and operated by Metalex for the joint venture partners under the supervision of Dr. Charles Fipke, chairman of Metalex, with John Harvey, PEng, as a consulting geologist.

Metalex believes that the assay results along with new drill holes and core hosting the presence of visible copper, zinc and lead sulphides observed on site by the project's geologist are very encouraging and are of significant importance to the joint venture partners. Mike Kilbourne, PGeo, and vice-president of exploration for WSR Resources, has reviewed the core and has provided the visual descriptions of the mineralized zones, and conferred with Brian Polk, Metalex project manager, on the geometry of the occurrence. Notwithstanding the foregoing, visible observations are estimates only and pending assay results may not confirm visual observations in whole or in part. The widths given above are core widths only and do not represent true widths which cannot be determined at this time.

On-site quality assurance/quality control measures

All samples reported upon herein were selected, sealed and shipped to ALS Chemex laboratory in Thunder Bay, Ont. All core samples were selected by Metalex site geologists, and were cut in half by diamond core saw. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were secured by project security tags for shipping. The samples were delivered via bonded carrier to ALS Chemex's sample preparation laboratory in Thunder Bay, Ont. All samples were then crushed and pulverized and then the sample pulps were sent to ALS Chemex Laboratory in Vancouver, B.C., for analysis. The remaining coarse reject portions of the samples remain in storage at the ALS Chemex storage facility in Thunder Bay as required in the event that further work is needed. In Vancouver, the samples are analyzed using ALS Chemex assay procedure ME-MS81. When samples received overlimit values they underwent further analysis using ALS Chemex assay procedure OG62. The reader is referred to the company's website for details of these analytical procedures.

Independent quality assurance and quality control protocol

A comprehensive QA/QC program has been implemented to monitor all assays on the 5.01 anomaly. Samples are assembled in numbered batches of 20 samples. Included in each batch of 20 samples are one certified reference standard, one laboratory duplicate, one blank sample consisting of sterile drill core and one core duplicate sample. This QC program was set up for Metalex by Tracy Armstrong, PGeo, of T.J. Armstrong Geological Consulting Inc. Ms. Armstrong is a qualified geologist in the provinces of Ontario and Quebec. In reviewing the results, the QA/QC program detected that there was a carryover from high-grade samples to the following sample. The maximum carryover was measured to be 0.14 per cent zinc. Ms. Armstrong states that this degree of carryover is not considered to be geologically nor economically material. An improved cleaning protocol has now been implemented to ensure that this carryover does not occur in future.

Assay results have also been monitored on a continuing, real-time basis for accuracy, contamination and precision by Dr. Barry Smee, PGeo, consulting geochemist, retained by Metalex Ventures.

We seek Safe Harbor.