NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG)
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Posted On: 11/02/2017 5:45:34 PM
NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) JV Partner Reports Initial Assay Results from Case Lake Property
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its joint venture partner, Power Metals Corp., has received initial assay results from drilling at the Case Lake property located in the Steele and Case townships near Cochrane, Ontario. Per the update, drilling has intersected three wide high-grade lithium and tantalum mineralized intervals, including PWM-17-08 (1.94 % Li2O and 323.75 ppm Ta over 26.0 m), PWM-17-09 (PWM-17-09: 1.23 % Li2O and 148.0 ppm Ta over 16.0 m) and PWM-17-10 (PWM-17-10: 1.74 % Li2O and 245.96 ppm Ta over 15.06 m). “We are thrilled from this first batch of assays,” Johnathan More, chairman of Power Metals, stated in the news release. “This represents a very small portion of holes drilled to date and we are eager to see more results as we receive them from the lab. The high-grade Tantalum is a huge bonus to PWM as we remain focused on the high-grade Lithium.” MGX currently has a 20 percent working interest in Case Lake with the rights to acquire an additional 15 percent.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its joint venture partner, Power Metals Corp., has received initial assay results from drilling at the Case Lake property located in the Steele and Case townships near Cochrane, Ontario. Per the update, drilling has intersected three wide high-grade lithium and tantalum mineralized intervals, including PWM-17-08 (1.94 % Li2O and 323.75 ppm Ta over 26.0 m), PWM-17-09 (PWM-17-09: 1.23 % Li2O and 148.0 ppm Ta over 16.0 m) and PWM-17-10 (PWM-17-10: 1.74 % Li2O and 245.96 ppm Ta over 15.06 m). “We are thrilled from this first batch of assays,” Johnathan More, chairman of Power Metals, stated in the news release. “This represents a very small portion of holes drilled to date and we are eager to see more results as we receive them from the lab. The high-grade Tantalum is a huge bonus to PWM as we remain focused on the high-grade Lithium.” MGX currently has a 20 percent working interest in Case Lake with the rights to acquire an additional 15 percent.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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