20:24:46 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Manganese X Energy Corp
Symbol MN
Shares Issued 45,193,495
Close 2017-04-24 C$ 0.185
Market Cap C$ 8,360,797
Recent Sedar Documents

Manganese X to begin drilling at Battery Hill in May

2017-04-25 02:44 ET - News Release

Mr. Martin Kepman reports

MANGANESE X ENERGY CORP. ANNOUNCES COMMENCEMENT OF SPRING DRILL PROGRAM AND UPDATE OF POTENTIAL ACQUISITION

Manganese X Energy Corp. has concluded its drill tender process and, after signing a drill contract, intends to commence the spring drill program mid-May at the Battery Hill deposit on the company's Houlton Woodstock manganese property in New Brunswick. The drill program will consist of seven to eight holes of approximately 1,600 metres total. The purpose of this spring drill program is to investigate and establish some key structural issues such as dip, true thicknesses and folding in preparation for designing and implementing a larger resource-oriented late summer drill program. Focus of the spring drill program will be on the Sharpe and Moody Hill sectors. The spring program should also help to indicate the tonnage range potential for Red and Grey ore types and provide guidance toward the possibility of achieving higher grades within these two sectors of the property.

In reference to the company's latest press release dated April 6, 2017, "Manganese X Energy announces potential acquisition," the company is continuing in its negotiations to acquire an additional manganese deposit, and the parties are very close to finalizing a binding letter of intent and expect to have it completed within the next 14 to 21 days.

Qualified persons and quality assurance/quality control

Roger Dahn, BSc, PGeo (New Brunswick), Manganese X Energy's vice-president of exploration, is designated as the qualified person in compliance with National Instrument 43-101 with respect to this release and has reviewed the contents for accuracy.

About Manganese X Energy Corp.

Manganese X Energy's mission is to acquire and advance high-potential manganese prospects primarily located in North America, as well as potential global acquisitions with the intent of supplying value-added materials to the lithium ion battery and other alternative energy industries, as well as the steel industry. In addition, the company is striving to achieve new methodologies oriented to environmentally friendly green/zero emissions and producing manganese at a lower competitive cost.

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