NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Reports Further Assay Results from Petcoke Samples
MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF), a diversified resource and technology company, this morning reported additional assay results from Petroleum Coke (“Petcoke”) samples collected from stockpiles produced by the Fort McMurray area mining and upgrading operation as well as the Edmonton refinery. The samples, which originated from delayed coking operations, were prepared by Highbury Energy Inc. and the metal contents were analyzed using standard ICP analyses by Acme Labs of Vancouver, British Columbia. Ash analysis was completed using XRF method by Bureau Veritas Commodities Canada Ltd. of Vancouver, British Columbia. While concentrations of separate metals are low in raw petcoke, Highbury is employing its expertise to assist MGX in creating a process to generate hydrogen gas and concentrate metals in the form of ash byproduct. A phase I report on potential processes and markets for primary and secondary byproducts has been completed by Highbury. A phase II study has commenced including analyses of locations, laboratory bench top feedstock results, advanced process design and initial plant design parameters.
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