|
MOROCCO
|
|
|
- JV between Metalex and Onhym
- Metalex has the right to earn a 60% contributing interest by funding a reconnaissance program of no less than US$500,000 in each of the two areas
- 24,800 km2 of Archaen Cratonic and Proterozoic rocks
|
|
TARGET RATIONALE
|
|
Area considered prospective for commercial kimberlite hosted diamond deposits as well as commercial deposits of base and precious metals, platinum groups metal and iron ore because:
- Part of the project area is the unexplored norther section of an Archaean craton in which diamonds and kimberlite have been found to the south in the Mauritananian part of the craton
- The area can be explored by systematic soil and drainage sampling for diamond indicator minerals and gochemical analysis of heavy mineral concentrates.
|
|
METALEX WORK
|
- 942 samples collected over 13,500 km2
- 410 samples contain kimberlite indicator minerals
- 17 samples contain diamond indicator minerals
- 942 samples sent for precious/base metal analysis along with platinum and nickel
|
|
|
FUTURE WORK
|
- Analysis of 942 heavy mineral concentrates from southern area
- collection of 900 heavy mineral samples from newly acquired areas and analyze for diamond indicators/precious/base metals
- Follow up of known diamond indicators that are coincident with aeromagnetic anomalies
- Follow up of metal anomalies
- Pitting, trenching, drilling and sampling of discovered diamond and metal anomalies and discovered mineralization
|
