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MGX Minerals Inc.
Summary
| Project: | Fran | |
|---|---|---|
| Deposit: | Fran | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver-Zinc | |
| Date: | 12/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-12-2018: MGX Minerals Inc. announces an Exploration/Drilling Update report for its Fran deposit at the Fran project. Drilling results incl. 4.10m @ 7.71g/t Au, 0.1358% Cu, 7.2ppm Ag, 359.1ppn Zn from 138.25m. VANCOUVER, BRITISH COLUMBIA / December 12, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andris Kikauka (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA / December 12, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to report additional drill results from its Fall 2018 drill program at the Fran Gold Property (“Fran” or the “Property”) in British Columbia, 30 kilometers southwest of the Mount Milligan Gold-Copper mine. Drill hole FR18-96 intersected the down-dip extensions of auriferous veins known as Zone 3, Zone 2, and Zone 1 in addition to mineralized sections outside of the established zones. FR18- 96 was collared and oriented perpendicular to strike of previously tested steeply-dipping mineralized structures. The hole returned a high-grade intercept from 136.00 to 142.35 meters that assayed 6.55 g/t gold and 0.1% copper over 4.1 meters, including 38.7 g/t gold and 0.6% copper from 140.35 to 140.90 meters. This high-grade mineralization at depth extends mineralization encountered in historic drill hole FR-07-075 to an additional 66 meters down-dip. A broad mineralized section in Zone 2 was also intersected from 157.50 to 166.15 meters and assayed 3.13 g/t gold over 8.65 meters, including 13.9 g/t gold and 0.5% copper from 157.5 to 158 meters. The hole is located 50 meters to the northwest of FR18-95. | |
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