MGX Minerals Drills Up to 105 Meters of 98.7% Silica at Koot Silicon Project
August 10 2018 - 4:50AM
InvestorsHub NewsWire
MGX Minerals
Drills Up to 105 Meters of 98.7% Silica at Koot Silicon
Project
Vancouver, BC -- August 10, 2018 -- InvestorsHub
NewsWire -- MGX Minerals Inc. (“MGX” or the
“Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report
results of diamond drilling from its Koot silicon project (“Koot”)
north of Cranbrook, British Columbia. Nine drill holes were
completed across 50 meter spacings to further expand known
mineralization within the North and South zones. Five drill holes
were located in the North Zone and were collared in quartzite and
ended in quartzite. Four holes collared in the South Zone started
in quartzite and two out of four holes ended in quartzite. The
Company began evaluation of commercial applications for silica with
silicon processing experts DORFNER ANZAPLAN this Spring; including
testing of material for upgrading of metallurgical grade and
solar-grade silicon with results expected shortly.
The relatively high percentage of total
SiO2 content compares favorably with other silica deposits in
nearby Golden, British Columbia. Impurity compounds of
interest such as Al2O3 & Fe2O3, approach specifications
required for silicon metal. Lower loss on ignition (LOI) values
correlate directly with higher SiO2 values. Highlighted drill
results are presented below:
DDH |
From
(m) |
To
(m) |
Interval
(m) |
%
SiO2 |
%
Al2O3 |
%
Fe2O3 |
%
K2O |
%
TiO2 |
%
LOI |
%
Total |
% SiO2/
% Total |
18K-1 |
0.9 |
56.39 |
55.49 |
98.5 |
0.54 |
0.39 |
0.17 |
0.13 |
0.49 |
100.25 |
98.15 |
18K-2 |
0.9 |
76.20 |
75.3 |
97.9 |
0.51 |
0.24 |
0.10 |
0.14 |
0.30 |
99.30 |
98.64 |
18K-3 |
1.5 |
106.68 |
105.18 |
98.7 |
0.33 |
0.24 |
0.10 |
0.10 |
0.26 |
99.84 |
98.88 |
18K-4 |
0.0 |
86.0 |
86.0 |
98.3 |
0.37 |
0.38 |
0.14 |
0.12 |
0.36 |
99.81 |
98.5 |
18K-5 |
2.0 |
99.0 |
97.0 |
98.1 |
0.70 |
0.33 |
0.19 |
0.14 |
0.41 |
99.90 |
98.16 |
18K-6 |
2.2 |
36.0 |
33.8 |
99.0 |
0.97 |
0.09 |
0.29 |
0.06 |
0.33 |
100.89 |
98.28 |
18K-7 |
6.0 |
54.0 |
48.0 |
99.0 |
0.44 |
0.25 |
0.12 |
0.12 |
0.40 |
100.41 |
98.61 |
18K-9 |
2.3 |
77.72 |
75.42 |
98.4 |
0.43 |
0.37 |
0.11 |
0.11 |
0.42 |
99.95 |
98.43 |
18K-10 |
2.25 |
54.0 |
51.75 |
98.9 |
0.39 |
0.23 |
0.08 |
0.11 |
0.32 |
100.16 |
98.78 |
Geochemical sampling was carried out on split drill
core from nine holes. A total of 212 split core samples (at 3 meter
sample intervals) were analyzed by ALS Minerals, North Vancouver,
British Columbia, using Li Borate fusion, whole rock analysis
ME-XRF-06.
MGX operates three silicon projects in
SE British Columbia, Koot, Wonah, and Gibraltar.
Qualified
Person
Andris Kikauka (P. Geo.), Vice
President of Exploration for MGX Minerals, has prepared, reviewed
and approved the scientific and technical information in this press
release. Mr. Kikauka is a non-independent Qualified Person within
the meaning of National Instrument 43-101 Standards.
About MGX
Minerals
MGX Minerals is a diversified Canadian
resource company with interests in advanced material and energy
assets throughout North America. Learn more at www.mgxminerals.com.
Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com
Neither the Canadian Securities
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking
Statements
This press release contains forward-looking
information or forward-looking statements (collectively
"forward-looking information") within the meaning of applicable
securities laws. Forward-looking information is typically
identified by words such as: "believe", "expect", "anticipate",
"intend", "estimate", "potentially" and similar expressions, or are
those, which, by their nature, refer to future events. The Company
cautions investors that any forward-looking information provided by
the Company is not a guarantee of future results or performance,
and that actual results may differ materially from those in
forward-looking information as a result of various factors. The
reader is referred to the Company's public filings for a more
complete discussion of such risk factors and their potential
effects which may be accessed through the Company's profile on
SEDAR at www.sedar.com.
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