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MGX Minerals Inc.
Summary
| Project: | REN | |
|---|---|---|
| Deposit: | REN | |
| Location: | Canada | |
| Commodities: | Niobium-Tantalum-Titanium-Rare Earth | |
| Date: | 12/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-12-2018: MGX Minerals Inc. announces an Exploration/Drilling Update report for its REN deposit at the REN project. Drilling results incl. 44.7m @ 0.17% Nb2O5, 0.16% TREO, 0.003% Ta2O5 from 3.3m. VANCOUVER, BRITISH COLUMBIA / December 27, 2018 / MGX Min | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andris Kikauka (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA / December 27, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to provide an update for its REN Niobium-Tantalum-Titanium-REE Mineral Property (“Ren” or the “Property”) located in the northern Monashee Mountains of southeastern British Columbia. The Company has now received initial assay results from diamond drilling as well as field reconnaissance results from a regional geochemical sampling program completed at REN. Fall Drill Program Completed A 14-hole, 1,249-meter drill program was completed at REN covering an area of approximately 200x600 meters in the central portion of the mineral claims. The goal of the drill program was to test magnetic positive anomalies generated from a magnetometer survey completed earlier this year. Results from the drill program returned positive niobium grades and wider than expected zones. A total of 670 samples split core samples (at 2-meter intervals) were analyzed by ALS Geochemistry using method ME-MS89L (sodium peroxide fusion, reporting 52 elements, as well as additional elements Zr and P). Results have now been compiled and a follow up exploration program for 2019 is being developed. Assay results from select holes are reported below | |
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