Mali

MALI

Metalex has 100% interest but the Mali Government has a 10% free carried interest with the right to purchase a further 10% at valuation
Historic world class gold production

TARGET RATIONALE

Metalex has found highly anomalous gold values in heavy mineral concentrates within soils and sediments over an area of about 2,500 km²
50% of this area is underlain by Birrimian Age rocks
In West Africa Birrimian Age rocks host about 2,000 Tons of gold reserves
Positive results are interpreted as indicating possible undiscovered gold mineralization in Birrimian rocks that can be explored for by bulk cyanide leach (BLEG) sampling, mapping, soil sampling and drilling

Mali sampling

METALEX WORK

360 samples collected over an area of 33,000 km^{2 analyzed for diamond indicators and precious/base metals}
Strong gold values found over an area of 2,500 km²
1000 follow up BLEG samples collected

FUTURE WORK

Analysis of BLEG samples
Locate osurce of the old anomalies by mapping, soil and rock chip sampling
Pitting, drilling and trenching to delineate approximate size and grade of discovered mineralization