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Last C$0.02 CAD
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FLX On Other Exchanges
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Venture
OTC US
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As of 10:38 AM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

fieldex exploration inc (FLX) Snapshot

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02/6/15 - C$0.04
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Market Cap
1.3M
Average Volume 10 Days
513.9K
EPS TTM
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Shares Outstanding
84.7M
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fieldex exploration inc (FLX) Details

Fieldex Exploration Inc., an exploration stage company, acquires, explores, and develops mining properties with prospects for hosting base metal and strategic metal deposits in Canada. The company primarily explores for nickel, rare earth elements, and rare metals. It primarily focuses on the Lac Sairs property covering an area of approximately 3,200 hectares located in Northwest Québec; and the Gaboury property situated in the Ville-Marie Belleterre archean volcano - sedimentary belt, south of the Abitibi Greenstone belt. The company is headquartered in Rouyn-Noranda, Canada.

fieldex exploration inc (FLX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: --
Chief Financial Officer, Secretary, Director ...
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Compensation as of Fiscal Year 2013.

fieldex exploration inc (FLX) Key Developments

Fieldex Exploration Inc. Intercepts 40 Metres of Sulfide Mineralization on its Copper Point Property

Fieldex Exploration Inc. announced that drill hole CP-15-01 has intercepted three zones of disseminated sulfide mineralization on its Copper Point Property located 30 km southeast of Chibougamau, Québec. The first disseminated sulfide zone of drill hole CP-15-01 has a length of 23.1 metres (from 36.5 to 59.6m), the second zone has a length of 9.0 metres (from 74.8 to 83.8 m) and the third zone has a length of 7.8 metres (from 128.7 to 136.5 m). Proportion of sulphides found in the core varies usually between 1 to 3% but exceed 5% in certain sections off the core. The sulphide mineralization is mainly composed of fine to coarse disseminated pyrite. Pyrite is also found within some stringers and veinlets. Rare pyrrhotites and traces of chalcopyrite are also observed but no graphite has been yet recognized in the core of drill hole CP-15-01. The Copper Point Property is located in the northeast part of the Boisvert intrusion. This particular intrusion is located 30 kilometres southeast of the Chibougamau volcanic segment which is included within the northeastern part of the Abitibi volcano-plutonic of Northwestern Québec in the Archean Superior Province. The Copper Point Property is composed of 59 mining claims representing approximately 3,319 hectares or 33.19 km2. In 2014 and 2015, an IP survey was carried out on the Copper Point Property following the discovery of outcrops with some quartz veinlets and disseminated pyrite and chalcopyrite within sub–vertical dipping metasedimentary rocks. One grab sample notably recovered 2.5% Cu, 14.0 g/t Ag and 0.5g/t Au. Each north-east line of the cut–lines grid was only 600 metres in length and did not cover the property entirely. However, the IP survey exhibits a strong chargeability anomaly over a length of 1.4 kilometres and a width varying between 40 to 75 metres. The orientation N117° anomaly, sub–parallel to the direction of sedimentary units, matches with the regional tectonic orientations observed to the west, within the volcanic segment of Chibougamau. The anomaly is considered as a potential structural fabric of disseminated sulphides which could contain economic metals. The fabric may be included within a hydrothermal system which is sometimes found in volcanic and sedimentary rocks in the vicinity of tonalitic and granodioritic intrusions.

Fieldex Exploration Inc. Receives Drill Permit for Its Copper Point Project

Fieldex Exploration Inc. has received its drill permit for its Copper Point project. The geological team and drill crews have now been mobilized to Fieldex Exploration'sCopper Point project located 30km southeast of Chibougamau, Qubec. The targets identified were generated by ground geophysics in the second half of 2014. The diamond drill contract for this program has been awarded to Chibougamau Diamond Drilling Ltd. of Chibougamau, Que. The Copper Point Property is located in the northeast part of the Boisvert intrusion. This particular intrusion is located 30 kilometres southeast of the Chibougamau volcanic segment which is included within the northeastern part of the Abitibi volcano-plutonic of Northwestern Qubec in the Archean Superior Province. The property is composed of 59 mining claims representing approximately 3,319 hectares or 33.19 km2.

Fieldex Exploration Inc. Amends By-Laws

Fieldex Exploration Inc. at the annual and special meeting of shareholders held on June 27, 2014, approved an amendment to the Articles of Fieldex so as to consolidate the common shares of Fieldex on the basis of one share for a maximum of ten common shares then issued and outstanding. Also, shareholders approved a resolution approving, ratifying and confirming By-Law No. 2014-1 of Fieldex, replacing and repealing all of the previous by-laws of Fieldex.

 

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