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Bullboard - Stock Discussion Forum MGX Minerals Inc MGXMF

MGX Minerals Inc. is a Canada-based diversified resource and technology company with interests in advanced materials, metals, and energy technologies. The Company’s portfolios include Magnesium, Silicon, Lithium, Gold, and Silver. Its Magnesium projects include Driftwood Creek, Marysville, Red Mountain Group and Botts Lake. Its Silicon projects include Gibraltar, Koot and Wonah. Its Lithium... see more

GREY:MGXMF - Post Discussion

MGX Minerals Inc > TILLICUM
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Post by Wangotango67 on Oct 17, 2022 6:21pm

TILLICUM

You see Stan,
i fully understand that Drifrwood has a full assessment,  for Magnesite.
Yet, if the 2001 assay report by former geo - owner, pointed out there's ree's with in the magnesite, and other geo breaks a rock and it's all pink... then, the obvious is, run a few more assays to see what there could be with other minerals. ( not hard to do )

Secondly, reinforce Marysville,
JPX has shown several other minerals on thier claims adjacenet to Mgx's, and such easy endevours only reinforces the project. ( JPX ) is finding ,copper, zinc and cobalt.


Thirdly... Tillicum Mine...
It does have zinc and copper.... with a newer camp set up with running water.


" 2013 and 2014 AMT-T completed significant physical improvements to the property including the installation of new 12 man sleepers with complete restrooms and washing and drying areas along with a refurbished kitchen with all new appliances for 50 man unit, a new septic system and 100 kilo watt generator and a ~10m x 22m' shop with concrete floor. In addition, 17 new culverts and ditches for were installed for erosion control plus a 40ft x 8 ft culvert on Londonderry Creek. "

At the Heino-Money (Screamer) zone, strata-bound, gold-bearing, siliceous calc-silicate skarn alteration is hosted in a thin, wedge-shaped package of basaltic tuff and tuffaceous sedimentary rocks, which is bounded to the west by metabasalts and to the east by a large, altered feldspar porphyritic diorite body. The skarn is pinkish-green and is generally well layered with sub-parallel thin quartz veins and variable amounts of sulphides. The skarn assemblage includes quartz, tremolite-actinolite, clinozoisite, plagioclase, diopside, biotite, garnet and microcline, with minor amounts of sericite and carbonate.



As one can see... this sort of geology has many attributes that could host the infamous, cobalt and uranium.  Zinc is already a known, in the historicals.


My suggestion ?
Take 4 weeks, grab the vested geoligist along with ceo and camp out at Tillicum.
Pack the cooler - food and drinks - rent 2 four wheelers, p XRF - and get some work done.
Start sifting through older cores, logging any zinc, cobalt, copper, uranium.
Nothing will get done in Vancouver... and hiring others is not a way to always run a business.
Sometimes it;s best to do it on your own... and save $$$ at same time.


Tillicum as base camp... spend majority of time there...
Off shoot to Marysville, and Driftwood, testing the dolomites instead of magnesite and especially the - purple shales i've pointed out...

Why the purple shales ?
Because if there's ree's in this easy accessible sequence... and if...if, on claims, it could amount to far more money in ree value than, magnesite...


And.. while in vicinity...
drop by the Ktunaxa headquarters.
wink.


The number one thing i've found out of all the years sifting junior reports is,
Juniors make one vital mistake.
They rely only on one mineral, working a gold cycle or other.
Once that mineral sees a downturn... there's nothing else to  rely on.
Stock tanks.

Running to other claims - is the norm - more money more time.
When... in most cases, i've found they've missed other minerals, didn't test for other minerals.
This is what' i've come across time and time again.

It's what i post about.
Majority of my posts are digging in to projects seeing what the - junior missed.

Which is why i've suggested... sometimes what you have could also host all the more.
And if all the more minerals, it makes it all the more profitable.

Tillicum - zinc
Eureka - zinc
Eureka east - zinc
Poor man - zinc


Now let's ask... could there be uranium, cobalt, and copper too ?
Simply check what geology there is.. .and the geology has exactly the kind of constituents
that would harbor such minrals... One just has ot check for them.

Mine just the gold ?
Or... target host rock... which is far more abundant, and if it harbors even a zinc @ 3 %
it could be worth as much as the gold.

Double header... is better than, single.
Especially if, zinc is robust... it's needed in the battery sector.
Same as cobalt.
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