MGX Minerals Completes Bulk Sample at Driftwood Creek Magnesium

June 9, 2016

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MGX Minerals (CSE:XMG) announce that field crews and operators have completed the previously announced 100-tonne bulk sample at the Company’s flagship Driftwood Creek magnesium project.

As quoted in the press release:

On the morning of June 8, 24 vertical holes with alternating depth of 30 and 40 feet were loaded to 7 feet from the drill hole collars with AMEX explosives. The charges were set at the approximate center of the East Zone at Driftwood. Detonation was by time delay fuse and occurred at 11:45pm (MST) resulting in a successful and complete blast.

Mucking and loading of material has commenced in preparation for assay, advanced metallurgy, and kiln testing. Kiln testing will produce representative multi-tonne samples for distribution to prospective customers in Canada, the United States and Europe.

Since acquiring the project in July 2014, MGX has completed two diamond drill programs, property wide sampling and re-analysis of historic drill core. Magnesite mineralization has been traced over a strike length of 2,000 meters and up to 300 meters wide, reaching a true depth of 110 meters. The deposit remains open in both directions and at depth. Mineralization occurs in two discrete zones that are believed to have been enriched during a period of metamorphic recrystallization. MGX was issued a 20-year Mining Lease by the Ministry of Energy and Mines of the Province of British Columbia in January 2016.

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Category: Energy