Metalex - WSR - Arctic Star joint venture intersects 26m of 13.8% zinc



    
    TSX Venture Exchange
    Symbol: MTX
    

    KELOWNA, BC, Sept. 10 /CNW/ - Metalex Ventures Ltd. (TSX-V : MTX)
("Metalex"), WSR Gold Inc. (WSR : TSXV) ("WSR") and Arctic Star Resources
Inc.'s (TSXV : ADD) ("Arctic Star") Joint Venture Project along the Ring of
Fire in the James Bay Lowlands, is pleased to report the first assay results
from its zinc-copper-lead-silver (Zn-Cu-Pb-Ag) discovery on anomaly 5.01,
located 45 km north of Noront's Eagle One Deposit.

    HIGHLIGHTS

    
    -   DDH5.01-06 intersected near-massive to massive sulphides from 65-167m
        downhole for a length of 102m averaging 6.5% Zn, 0.44% Cu, 0.19% Pb,
        and 3 g/t Ag. Included within this section, from 99.7-125.7m, for a
        length of 26m, the zone averaged 13.8% Zn, 0.50% Cu, 0.05%Pb, and
        2 g/t Ag.

    -   DDH5.01-14 intersected similar near-massive to massive sulphides from
        83.0-120.0m downhole for a length of 37.0m, averaging 6.0% Zn,
        0.34% Cu, 0.05% Pb and 6 g/t Ag. Included in this section, from
        103.0-111.0m, for a length of 8m, the zone averaged 17.4% Zn,
        0.24% Cu, 0.04% Pb and 5 g/t Ag.

    -   DDH5.01-15 intersected similar near-massive to massive sulphides from
        158.8-184.2m downhole, for a length of 25.4m, averaging 7.6% Zn,
        0.35% Cu, 0.36% Pb, and 8 g/t Ag.

    -   Mineralization, alteration and the geological environment at the 5.01
        anomaly appears to be typical of a Noranda-Mattabi-style VMS
        (Volcanogenic Massive Sulphide) deposit.

    -   The mineralized zone appears to subcrop beneath approximately
        15 meters of glacial till and thus far has been delineated along a
        north-south strike for 150m, dips 75 degrees to the east, with a
        maximum core width of 53m and plunging flatly to the south. The base
        metal occurrence appears open in all directions.

    To date, Metalex has completed 25 holes on the 5.01 anomaly totalling
5,699.4 meters since the program began in 2008.
    Assay results have now been received for holes 1 to 15. The results from
significantly mineralized intervals within these holes are presented in the
following table.

    Significant Assay Results for Project 5.01
    -------------------------------------------------------------------------
    Hole       From      To     Length    Zn        Cu         Pb         Ag
    -------------------------------------------------------------------------
                (m)      (m)      (m)      %         %          %        g/t
    -------------------------------------------------------------------------
    05.01-01  108.2     109.5     1.3    3.04     0.232    less than
                                                              0.01         2
    -------------------------------------------------------------------------
              118.8     124.1     5.3    4.20     0.275      0.574         9
    -------------------------------------------------------------------------
        Incl  121.3     122.6     1.3    8.02     0.287        1.3        11
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05.01-02   22.9      28.1     5.2    2.54     0.053      0.216         4
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05.01-03   94.6       100     5.4    3.33     0.027      0.007         2
    -------------------------------------------------------------------------
        Incl   94.6      95.7     1.1    6.76     0.063    less than
                                                              0.01         4
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05.01-04   30.9        37     6.1    5.83     0.265      0.006         2
    -------------------------------------------------------------------------
        Incl     35        37     2.0   10.69     0.517      0.006         1
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05.01-06   36.8      38.8     2.0    3.19     0.256      0.014         1
    -------------------------------------------------------------------------
                 65       167   102.0    6.48     0.435      0.185         3
    -------------------------------------------------------------------------
        Incl   99.7     125.7    26.0   13.81     0.502      0.053         2
    -------------------------------------------------------------------------
        Incl  144.5     145.5     1.0   11.15     0.535      0.170         2
    -------------------------------------------------------------------------
        Incl    162       165     3.0   11.90     0.417      0.763        11
    -------------------------------------------------------------------------
             183.15     189.6     6.4    3.42     0.098      0.002      less
                                                                      than 1
    -------------------------------------------------------------------------
              195.5     197.6     2.1    2.55     0.078      0.159         3
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05.01-09     88        90     2.0    3.55     0.253      0.007         2
    -------------------------------------------------------------------------
                141       152    11.0    4.92     0.514      0.006         2
    -------------------------------------------------------------------------
        Incl    149       151     2.0   12.32     0.218      0.006         1
    -------------------------------------------------------------------------
              220.5     221.6     1.1    0.27     4.510      0.480         4
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05.01-14     83       120      37    5.96(*)  0.339      0.047         6
    -------------------------------------------------------------------------
        Incl    103       111       8   17.42(*)  0.236      0.037         5
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    05.01-15  158.8     184.2    25.4    7.63     0.345      0.355         8
    -------------------------------------------------------------------------
        Incl  161.9     162.4     0.5   17.45     0.064      0.001         2
    -------------------------------------------------------------------------
        Incl    167     174.6     7.6   11.67     0.486      0.303        10
    -------------------------------------------------------------------------
        Incl  180.3       182     1.7   11.73     0.235      0.305        11
    -------------------------------------------------------------------------
              227.5     228.8     1.3    0.06     1.155      0.002         6
    -------------------------------------------------------------------------
    (*) An 1.2m interval from 109.8m on hole 5.01-14 has a zinc concentration
        greater than 30% which is the upper limit of the assay technique. It
        is being re-assayed.


    The following table contains the grid and UTM locations along with the
collar information for the 25 holes completed on anomaly 5.01 to date.

    Location and Collar Information for 5.01 Drilling to Date

    -------------------------------------------------------------------------
                               Hole Information
    -------------------------------------------------------------------------
    Hole No.   Grid E  Grid N   UTM e (m)  UTM n (m)  Z (m)  Az   Dip  Length
    -------------------------------------------------------------------------
    DDH501-01  L1+00E   0+50N   522313.8  5901524.0  167.6  180   -60    149
    -------------------------------------------------------------------------
    DDH501-02  L1+00E   0+00    522311.1  5901476.0  168.0    0   -90  201.2
    -------------------------------------------------------------------------
    DDH501-03  L1+00E   0+50N   522313.8  5901524.0  167.6  180   -45  146.5
    -------------------------------------------------------------------------
    DDH501-04  L1+00E   0+75S   522309.6  5901400.0  168.0    0   -45  163.1
    -------------------------------------------------------------------------
    DDH501-05  L1+00E   0+02N   522313.8  5901476.0  168.0    0   -85  182.5
    -------------------------------------------------------------------------
    DDH501-06  L1+50E   0+50N   522361.0  5901525.0  168.0  179   -65  227.5
    -------------------------------------------------------------------------
    DDH501-07  L1+50E   0+50N   522360.9  5901525.0  168.0  137   -45  158.5
    -------------------------------------------------------------------------
    DDH501-08  L1+50E   0+50N   522360.8  5901525.0  168.0  183   -45  140.2
    -------------------------------------------------------------------------
    DDH501-09  L1+50E   1+00N   522359.4  5901575.0  167.8  177   -60  249.7
    -------------------------------------------------------------------------
    DDH501-10  L2+00E   0+50N   522413.8  5901526.0  167.8  181   -62  281.7
    -------------------------------------------------------------------------
    DDH501-11  L2+00E   1+00N   522414.9  5901576.0  167.8  179   -60  146.3
    -------------------------------------------------------------------------
    DDH501-12  L2+00E   1+00N   522415.1  5901576.0  167.7  181   -60    292
    -------------------------------------------------------------------------
    DDH501-13  L1+50E   1+29N   522358.6  5901606.0  167.7  182   -60    279
    -------------------------------------------------------------------------
    DDH501-14  L1+50E   0+40S   522363.7  5901436.0  168.0    0   -55    282
    -------------------------------------------------------------------------
    DDH501-15  L1+50E   1+15S   522365.8  5901361.0  167.9    1   -55  278.7
    -------------------------------------------------------------------------
    DDH501-16  L1+75E   0+00    522386.8  5901475.0  168.1  276   -55  244.9
    -------------------------------------------------------------------------
    DDH501-17  L2+75E   0+50N   522494.9  5901525.0  167.5  267   -55    327
    -------------------------------------------------------------------------
    DDH501-18  L1+05E   0+00    522310.4  5901475.0  168.0  269   -55  239.6
    -------------------------------------------------------------------------
    DDH501-19  L1+75E   0+00    522387.3  5901475.0  167.9  271   -70    240
    -------------------------------------------------------------------------
    DDH501-20  L1+75E   0+25S   522386.9  5901450.0  167.9  272   -60    261
    -------------------------------------------------------------------------
    DDH501-21  L1+75E   0+25N   522386.0  5901499.0  167.9  267   -60    234
    -------------------------------------------------------------------------
    DDH501-22  L2+59E   0+90N   522522.3  5901535.0  167.6  241   -55    315
    -------------------------------------------------------------------------
    DDH501-23  L2+48E   0+12N   522461.1  5901487.0  167.9  232   -57     30
    -------------------------------------------------------------------------
    DDH501-24  L2+48E   0+12N   522461.1  5901487.0  167.9  232   -51    270
    -------------------------------------------------------------------------
    DDH501-25  L1+89E   1+64N   522523.8  5901463.0  168.0  235   -51    351
    -------------------------------------------------------------------------

    NAD83, Zone 16


    The following table contains the visual descriptions for holes completed
since the last press release dated June 16, 2008.

    Visual Description of Mineralization in Recent Drill Core

    -------------------------------------------------------------------------
                               Mineralization
    -------------------------------------------------------------------------
    Hole No.   From     To   Int
                 (m)    (m)   (m)                  Description
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    DDH501-11                      hole lost
    -------------------------------------------------------------------------
    DDH501-12                      no significant mineralization
    -------------------------------------------------------------------------
    DDH501-13                      no significant results
    -------------------------------------------------------------------------
    DDH501-16   167    188    21   near-massive to massive sulphides, visible
                                    sph, cp
    -------------------------------------------------------------------------
    DDH501-17   172    188    16   disseminated sulphides with visible
                                    sph, cp
    -------------------------------------------------------------------------
    DDH501-18    62    102    40   disseminated sulphides
    -------------------------------------------------------------------------
    DDH501-19    83    132    49   stringer sulphides with visible sph, cp
    -------------------------------------------------------------------------
    DDH501-20  78.6   86.3   7.7   near-massive to massive sulphides, visible
                                    sph, cp
    -------------------------------------------------------------------------
    DDH501-21  50.7   93.5  42.8   near-massive to massive sulphides, visible
                                    sph, cp
    -------------------------------------------------------------------------
    DDH501-22   240    293    53   disseminated and stringer sulphides,
                                    visible sph, cp
    -------------------------------------------------------------------------
    DDH501-23                      hole abandoned
    -------------------------------------------------------------------------
    DDH501-24   180  183.5   3.5   near-massive to massive sulphides, visible
                                    sph, cp
    -------------------------------------------------------------------------
    DDH501-25   271    282    11   stringer and near-massive sulphides,
                                    visible sph, cp
    -------------------------------------------------------------------------
    

    Additional ground and down hole geophysical surveys have now been
completed on 5.01 and the interpretation of the data is awaited. The joint
venture has temporarily suspended the drilling on anomaly 5.01 as of Sept 5,
2008 to allow the results of the completed work to guide the next phase of
drilling. Detailed logs of the most recent holes, assay results from holes 16
to 25, and the ground geophysical interpretation are currently being
completed.

    Description of the mineralized body

    From the drilling to date, the high grade Zn-Cu-Pb-Ag mineralized zone
has been delineated over a strike length of 150m which appears to be almost
due north-south and dipping steeply at 75 degrees to the east. It has been
intersected thus far between 50 and 215 meters below surface and appears to be
3.5-53m wide along core length with a possible shallow 30 degree plunge to the
south. The high grade mineralization is part of a wider, more extensive system
of volcanically derived sulphides, hosted within a
chlorite-sericite-quartz+/-garnet+/-staurolite schist. The system appears
overturned as higher grade metamorphic minerals are present in the structural
hangingwall, with apparent felsic volcaniclastic lithologies occurring in the
structural footwall. Additional drilling is needed to confirm the geometry of
the deposit.
    Drilling in the James Bay Lowlands without bedrock exposure to aid in
geological interpretation of strikes and dips is very challenging. Drilling to
date strongly suggests a north-south strike to the mineralized zone. Many of
the north-south drill holes drilled during the program have missed the zone
entirely, and the more recent east-west drilling has proven to repeatedly
intersect the mineralized occurrence. It will be the objective of the next
phase of drilling to systematically delineate the mineralized occurrence and
complete fill-in drilling to prepare for a 43-101 compliant resource
calculation.

    5.01 Project

    This property, of 65 hectares, is one of 113 joint venture claim blocks
in the region under option by WSR, whereby WSR can earn up to a 50% interest
in the properties by spending $20 million over four years. Upon completion of
the earn-in option, Metalex will carry a 45.75% interest and Arctic Star a
4.25% interest.
    Within the option agreement, approximately 21,400 hectares of ground is
held. Numerous other high priority regional geophysical targets are currently
being tested with 2 highly mobile Metalex drills.
    The project is managed and operated by Metalex for the Joint Venture
partners under the supervision of Dr. Charles Fipke, Chairman of Metalex with
John Harvey, P.Eng as a consulting geologist.
    Metalex believes that the assay results along with new drill holes and
core hosting the presence of visible copper, zinc and lead sulphides observed
on site by the project's geologist are very encouraging and are of significant
importance to the Joint Venture partners. Mike Kilbourne, P.Geo., and
Vice-President of Exploration for WSR Resources, has reviewed the core and has
provided the visual descriptions of the mineralized zones and conferred with
Brian Polk, Metalex Project Manager, on the geometry of the occurrence.
Notwithstanding the foregoing, visible observations are estimates only and
pending assay results may not confirm visual observations in whole or in part.
The widths given above are core widths only and do not represent true widths
which cannot be determined at this time.

    On-site Quality Assurance/Quality Control Measures

    All samples reported upon herein were selected, sealed and shipped to ALS
Chemex laboratory in Thunder Bay Ontario. All core samples were selected by
Metalex site geologists, and were cut in half by diamond core saw. Individual
samples were labeled, placed in plastic sample bags and sealed. Groups of
samples were then placed into durable rice bags that were secured by project
security tags for shipping. The samples were delivered via bonded carrier to
ALS Chemex's sample preparation laboratory in Thunder Bay, Ontario. All
samples were then crushed and pulverized and then the sample pulps were sent
to ALS Chemex Laboratory in Vancouver B.C. for analysis. The remaining coarse
reject portions of the samples remain in storage at the ALS Chemex storage
facility in Thunder Bay as required in the event that further work is needed.
In Vancouver, the samples are analyzed using ALS Chemex assay procedure
ME-MS81. When samples received over-limit values they underwent further
analysis using ALS Chemex assay procedure OG62. The reader is referred to:
www.alschemex.com for details of these analytical procedures.

    Independent Quality Assurance and Quality Control Protocol

    A comprehensive QA/QC program has been implemented to monitor all assays
on the 5.01 anomaly. Samples are assembled in numbered batches of twenty
samples. Included in each batch of twenty samples are one certified reference
standard, one laboratory duplicate, one blank sample comprised of sterile
drill core and one core duplicate sample. This QC program was set up for
Metalex by Tracy Armstrong P.Geo, of T.J. Armstrong Geological Consulting Inc.
Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec.
In reviewing the results the QA/QC program detected that there was a carryover
from high grade samples to the following sample. The maximum carryover was
measured to be 0.14% zinc. Ms. Armstrong states that this degree of carryover
is not considered to be geologically nor economically material. An improved
cleaning protocol has now been implemented to ensure that this carryover does
not occur in future.

    Assay results have also been monitored on an on-going, real time basis
for accuracy, contamination and precision by Dr. Barry Smee, P.Geo. consulting
geochemist, retained by Metalex Ventures.

    To view a diagram of the project, please visit www.metalexventures.com.

    This press release includes certain "Forward-Looking Statements" within
the meaning of the US Private Securities Reform Act of 1995. Other than
statements of historical fact, all statements are "Forward-Looking Statements"
that involve such various known and unknown risks, uncertainties and other
factors. There can be no assurance that such statements will prove accurate.
Results and future events could differ materially from those anticipated in
such statements. Readers of this press release are cautioned not to place
undue reliance on these "Forward-Looking Statements".

    This press release has been prepared by Chad Ulansky, President and CEO
of Metalex Ventures, being a Qualified Person under Canadian Securities
guidelines.

    
    Chad Ulansky

    Chad Ulansky
    President and CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.
    





For further information:

For further information: 203-1634 Harvey Ave, Kelowna, B.C, Canada, V1Y
6G2, Tel (250) 860-8599, Fax (250) 860-1362, www.metalexventures.com,
investorinfo@metalexventures.ca

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