NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Announces Plans to Conduct Geophysical Survey at Paradox Basin
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that it has engaged Dawson Geophysical Company of Houston, Texas, to conduct a detailed seismic geophysical survey over the Blueberry Unit within the company’s Paradox Basin Petrolithium project in Utah. Per the update, preparations are already underway, and Dawson expects to commence the survey shortly with the goal of identifying subsurface geological formations and structures that are favorable to the accumulation of oil, gas and mineral brine deposits. MGX currently holds a 75 percent working interest in the Paradox Basin project, with the remaining interest primarily controlled by a private Utah corporation that has been engaged by MGX as a subcontracted operator of the project.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer