Formerly WSR

Aggressive program in a highly prospective portion of the "Ring of Fire" mineralized zone.

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Who hit at BMK?

donypee

Apr 12, 2008 02:52PM

mike97

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Re: Who hit at BMK?

in response to

Who hit at BMK?

donypee

posted on Apr 13, 2008 08:19AM

As QQ_Girl said the other day "Rumours are sure a lot of fun". HSS has kept us amused over the weekend with his rumours on a BMK hit and a seperate NOT DE4 confirmation. He clarified the BMK hit as saying it was near the BMK camp. We couldn't find any evidence of current drilling by BMK. The only potential drilling that could be taking place was on BMK/WSR JV property where we think drilling has been underway since the end of March. Helium was kind enough to provide us a map that showed a BMK/WSR camp in the northern part of the ROF. So we are imagining that maybe this is the camp in HSS's rumour. Time will tell. However in doing some research on who was drilling, I was pleased to see that WSR has some potentially interesting JV properties.

This Metalex/WSR is very interesting in that they have found 9 anomalies.

Monday, Mar. 31 2008

Nine Conductive Anomalies Found to Date on Metalex's James Bay Nickel and Copper Properties

KELOWNA, BC, Mar 31, 2008 (Canada NewsWire via COMTEX) -- Metalex Ventures Limited (MTX : TSX-V) WSR Gold Inc. (TSX-V:WSR) ("WSR") and Arctic Star Diamond Corp. (TSX-V : ADD) ("Arctic Star") announce that a drill program will shortly commence on our James Bay Nickel and Copper properties.<< Since acquiring the claims in late 2007 and early 2008 the joint venture has: 1. Completed helicopter borne magnetic and electromagnetic geophysical surveys on nearly half of the joint venture claims; 2. Reviewed the geophysical data received to date and have identified nine conductive anomalies accompanied by favorable magnetic anomalies. These targets are mostly situated along the "Ring of Fire" and have been prioritized; 3. Mobilized a competent field geologist as well as a ground geophysical crew to a camp near the priority drill targets along the "Ring of Fire"; 4. Mobilized a heli-portable drill rig to our camp so that drilling can commence as soon as the ground geophysics utilized to further delineate the targets is complete;>>Under the terms of the joint venture WSR can acquire up to a 50% beneficial interest in the properties by spending up to CDN$20.0 million over a four year period. Currently the properties total 21,440 hectares and are owned 91.5% by Metalex and 8.5% by Arctic Star.Metalex is pleased with the progress of work on the joint venture properties to date and looks forward to the commencement of drilling.

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