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MGX Minerals Inc.
Summary
| Project: | Fran | |
|---|---|---|
| Deposit: | Fran | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver-Zinc | |
| Date: | 12/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-12-2018: MGX Minerals Inc. announces an Exploration/Drilling Update report for its Fran deposit at the Fran project. Drilling results incl. 2.23m @ 23.3g/t Au, 0.1522% Cu, 11.4ppm Ag, 222ppn Zn from 235.50m. VANCOUVER, BRITISH COLUMBIA / December 3, 201 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andris Kikauka (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA / December 3, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce a discovery at the Fran Gold Property (“Fran” or the “Property”) in British Columbia, 30 kilometers southwest of the Mount Milligan Gold-Copper mine. Drill hole FR18-95 has returned a broad intercept from 227.0 to 241.0 meters of gold mineralization at depth in the Bullion Alley Gold Zone. This has confirmed extension of gold mineralization in auriferous veins from near surface to depth. The highest-grade gold mineralization was contained within a quartz-pyrite vein which averaged 21 g/t Au over 2.2m including 35.9 g/t Au across 0.76m and 26.70 g/t Au over 0.75m. The hole was drilled at an inclination of 55 degrees and depth of 314m. Drill data from the Fall 2018 drill program is currently being reviewed and correlated with the existing database of 87 previous drill holes. The Company has re-mobilized a drill to the property. The access road has now been cleared of snow and the drill rig will arrive at the property shortly with drilling to re-commence this week. The Winter 2018 drill program will further test the Main Zone at depth and along strike to the East, as well as test under explored zones with high grade historical results proximate to the Main Zone. | |
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