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Enter Symbol
or Name
USA
CA



MGX Minerals Inc
Symbol XMG
Shares Issued 30,117,321
Close 2015-08-31 C$ 0.62
Market Cap C$ 18,672,739
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MGX starts phase two drilling at Driftwood Creek

2015-08-31 14:40 ET - News Release

Mr. Jared Lazerson reports

MGX MINERALS COMMENCES PHASE TWO DRILLING AT DRIFTWOOD CREEK MAGNESIUM PROJECT

MGX Minerals Inc.'s phase two diamond drilling at its flagship Driftwood Creek magnesium project commenced on Aug. 30, 2015. Initial progress reports 165 feet completed on day one in drill hole 15-01 while drilling continues.

An eight-hole program consisting of approximately 1,000 metres of drilling is planned to further prove up the continuity of grades and thicknesses of magnesite mineralization within the Western zone at Driftwood Creek. Infill drilling will occur around seven drill holes completed in 2008 by Tusk Exploration. Drill site locations were selected based on geologic mapping and geochemical sampling work completed by MGX as well as reassay results of historic drill core.

MGX's qualified person Andris Kikauka will perform all core logging and sampling, which will be followed by sample preparation and analysis at ALS laboratories. Mr. Kikauka will also conduct sample chain-of-custody from drill hole to assay lab.

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