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Metalex Says May Have Found Source of Major Angolan Gem Field
Sep. 27, 2011 01:32PM PST
Gem InvestingMining Weekly reported Metalex Ventures (CVE:MTX) said it found a kimberlitic rock in Angola that could be the source of nearby gems.
Mining Weekly reported Metalex Ventures (TSXV:MTX) said it found a kimberlitic rock in Angola that could be the source of nearby gems.
The market news is quoted as saying,
Metalex said it intersected kimberlites, the rock that hosts diamonds, and kimberlitic crater infill from 19.8 m to 154.8 m from the surface.
The geophysical target lay in the floodplains of the Cuango river valley, and was seven hectares in size, the company said.
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