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MGX Minerals Inc.
Summary
| Project: | Koot | |
|---|---|---|
| Deposit: | Koot | |
| Location: | Canada | |
| Commodities: | Silica | |
| Date: | 8/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-8-2018: MGX Minerals Inc. announces an Exploration/Drilling Update report for its Koot deposit at the Koot project. Drilling results incl. 105m @ 98.7% SiO2 from 1.5m. VANCOUVER, BRITISH COLUMBIA / August 10, 2018 / MGX Minerals Inc. (“MGX” or the “Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andris Kikauka (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA / August 10, 2018 / 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: | |
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