Mr. Martin Kepman reports
MANGANESE X AWARDS CONTRACT TO MERCATOR GEOLOGICAL SERVICES LIMITED TOWARDS A NI 43-101 MINERAL RESOURCE ESTIMATE AT BATTERY HILL
Manganese X Energy Corp. has commissioned a mineral resource estimate and technical report in accordance with National Instrument 43-101 on its Battery Hill manganese property located in Carleton county, five kilometres northwest of Woodstock, N.B.
The resource estimate and NI 43-101 report will be prepared by Mercator Geological Services Ltd. of Dartmouth, N.S., a geological firm with broad experience in NI 43-101 technical reporting and resource estimation. Manganese X has retained Mercator to carry out an independent technical study of Battery Hill in particular to examine Manganese's confirmation drilling programs consisting of 25 holes totalling 5,188 metres prior to preparing the mineral resource estimate. The company has determined that the Battery Hill manganese technical project will consist of the following two main phases:
- Phase 1 preliminary deposit modelling, consisting of the completion of preliminary solid modelling and grade/tonnage block model estimates. The primary objective of this phase is to establish the magnitude of potential resources and implement, if necessary, additional recommendations in preparation for an estimate and associated technical report in accordance with NI 43-101. The company intends to progress to phase 2 after Mercator has completed phase 1 and provided associated comments and recommendations;
- Phase 2 completion of an NI 43-101 mineral resource estimate based on the results of phase 1 and the completion of data validation and verification, a quality assurance/quality control review, a site visit, and an accompanying technical report.
"Engaging Mercator Geological represents another important step in the development of our Battery Hill manganese project," said Martin Kepman, chief executive officer. "We have been working to expedite the development of this project and are excited to have a strong independent firm complete a National Instrument 43-101 technical report and resource estimate."
Qualified persons and QA/QC
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, located in North America, 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 emanating with environmentally friendly green/zero-emission processes and producing manganese at a lower competitive cost.
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