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MGX Minerals Inc.
Summary
| Project: | Sturgeon Lake Sub Property | |
|---|---|---|
| Deposit: | Sturgeon Lake Sub Property | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 10/3/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-10-2016: MGX Minerals Inc. announces a Supporting Acquisition report for its Sturgeon Lake Sub Property deposit at the Sturgeon Lake Sub Property project. Supporting acquisition document - details a geological introduction for the property. This introdu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roy Eccles, Michael B. Dufresne (APEX Geoscience Ltd.) | |
| ABSTRACT: | This introductory Technical Report was prepared by APEX Geoscience Ltd. (“APEX”) for MGX Minerals Inc. (“MGX”, or the “Company”). The report focuses on MGX’s Sturgeon Lake sub-property, which MGX recently acquired 100% ownership of from Zimtu Capital Corp. Inc. (MGX Minerals Inc., 2016). The sub-property is located directly south and west of the town of Valleyview in the Swan Hills area of west-central Alberta, and forms a small portion of MGX’s Alberta lithium-brine portfolio (58 Alberta Metallic and Industrial Mineral Permits totaling 435,732 hectares; Figure 1). The Sturgeon Lake sub-property consists of 15 contiguous Industrial and Metallic Mineral Permits encompassing 132,773.74 hectares. The Sturgeon Lake sub-property is situated in an area where mid-1990’s to mid- 2010’s government and industry formation water, or brine, studies have reported anomalous values of lithium (Li) and other metals (potassium, K; boron, B; bromine, Br; magnesium, Mg; calcium, Ca; and sodium, Na) in Devonian aquifers associated with carbonate buildups in the Leduc Formation of the Woodbend Group and the Swan Hills Formation of the Beaverhill Lake Group (Hitchon et al., 1993, 1995; Underschultz et al., 1994; Bachu et al., 1995; Eccles and Jean, 2010; and Eccles and Behrane, 2011). | |
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