Northwire Canada EditionWednesday, August 19, 2026
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STRM 0.420 −3.5% SRC 1.73 −0.6% BAG 0.205 +0.0% ANK 0.360 +2.9% VRB 0.085 +0.0% CPAU 0.140 +0.0% RES 0.025 +0.0% TKO 11.91 +2.7% DCOP 0.075 +7.1% HMR 0.485 −1.0% LITH 0.430 −2.3% MKA 0.770 +0.0% NGC 0.115 −4.2% JUGR 1.33 +3.1% SAGA 0.485 +4.3% B 0.550 +5.8% STRM 0.420 −3.5% SRC 1.73 −0.6% BAG 0.205 +0.0% ANK 0.360 +2.9% VRB 0.085 +0.0% CPAU 0.140 +0.0% RES 0.025 +0.0% TKO 11.91 +2.7% DCOP 0.075 +7.1% HMR 0.485 −1.0% LITH 0.430 −2.3% MKA 0.770 +0.0% NGC 0.115 −4.2% JUGR 1.33 +3.1% SAGA 0.485 +4.3% B 0.550 +5.8%
Financings

Metalex to drill Quebec gold claims w/ Juno sale funds

By The Northwire Desk — AI Analysis Sep 02, 2025 · 17:16 MTX · 0.01 Metalex Ventures Ltd.
MTX · Price

Executive Summary

  • Metalex Ventures Ltd. has secured $1 million in funding, partially from the sale of 22% of its Juno Corp. holdings, to finance drilling on its A1 and A2 gold claim blocks in Quebec.
  • A VTEM survey identified multiple conductive and magnetic anomalies within the A1/A2 blocks, supporting the decision to drill later this season or early next season.
  • Earlier summer drilling at the B3 claim block (copper‑nickel‑cobalt) completed eight holes on four targets; while substantial pyrite was intersected, no significant base‑metal grades were encountered, leaving four additional targets pending testing.

Key Details

  • Funding Source: Sale of 22 % of Juno Corp. holdings generated $1 million at a profit; proceeds earmarked for A1/A2 drilling program.
  • A1 & A2 Gold Claims:
  • Staked based on promising gold and pathfinder element results from heavy mineral sampling.
  • VTEM (magnetic/electromagnetic) survey revealed several conductive and magnetic anomalies interpreted as potential bedrock sources of gold within till.
  • Drilling permit process is underway; field work anticipated late this season or early next season.
  • B3 Claim Block – Copper‑Nickel‑Cobalt:
  • Summer program drilled eight holes across four targets.
  • Intersections showed substantial pyrite sulphides but lacked economically significant copper, nickel, or cobalt grades.
  • Four additional targets remain to be tested in a future drilling phase.
  • Technical Oversight: All technical information approved by Chad Ulansky, P.Geo., President & CEO, qualified under NI 43‑101.

Notable Quotes

“The VTEM survey results and our recent heavy mineral sampling give us confidence that the A1 and A2 claim blocks host significant gold potential, and we are pleased to have secured funding to advance this program.” – Chad Ulansky, President & CEO

Read the original news release →