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Quanex Building Products Corp V.NX


Primary Symbol: NX

Quanex Building Products Corporation manufactures components for original equipment manufacturers (OEM) in the building products industry. The Company's components can be categorized as window and door (fenestration) components, and kitchen and bath cabinet components. Its fenestration components include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products. It operates through three segments: North American Fenestration segment, which is engaged in manufacturing vinyl profiles, insulating glass (IG) spacers, screens and other fenestration components; European Fenestration segment, which includes United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing IG spacers, and North American Cabinet Components segment, which includes North American cabinet door and components business and two wood-manufacturing plants.


NYSE:NX - Post by User

Post by smithgeeon Jul 26, 2016 9:25am
198 Views
Post# 25084292

Noka Resources moves prospecting crew to Duxbury

Noka Resources moves prospecting crew to Duxbury

2016-07-26 09:20 ET - News Release

Mr. Nav Dhaliwal reports

NOKA MOBILIZES PROSPECTING CREW ONTO DUXBURY LITHIUM PROPERTY JAMES BAY AREA, QUEBEC AND SURFACE SAMPLING PROGRAM IN NEVADA

Pursuant to the June 29, 2016, press release regarding Noka Resources Inc.'s Duxbury lithium property, Quebec, a prospecting crew has been mobilized onto the property. The Property is located in the James Bay Region, 2 km south of the Eastmain River and adjacent to Galaxy Resources' James Bay Project that has reported an indicated and inferred resource of 22.2 million tonnes grading 1.28% lithium oxide (Li2O) contained in a spodumene bearing pegmatite.

Location Map https://nokaresources.com/images/EastmainAreaLithium-June-29-2016.jpg

Noka has mobilized a prospecting crew to the Property to systematically sample all outcrops and to map, trench, complete limited geophysics and strip any prospective areas discovered. All samples will be sent to an accredited laboratory for ICP whole and trace element analysis.

The results of this initial program will be used to develop the next exploration program which will include a diamond drilling.

Duxbury Lithium Property, Quebec

The Duxbury Property consists of 21 mineral claim cells totaling approximately 1,107 hectares and is accessible by the James Bay Highway. Geologically, the Property is underlain by the Lower Eastmain greenstone belt that is locally represented by volcanic and volcano-sedimentary rocks which have been metamorphosed to amphibolite facies. At the adjacent Galaxy Resources Project, the lithium deposit area is underlain by the Auclair Formation consisting of paragneiss intruded by spodumene-bearing pegmatite dykes. The Lower Eastmain greenstone belt is also prospective for gold mineralization.

Pegmatites are whitish to pure white magmatic rocks that are enriched in light elements such as lithium. The ore mineral spodumene can contain up to 8% Li20. According to Galaxy Resources, their adjacent lithium deposit consists of several swarms of pegmatite dykes that outcrop in a corridor approximately 4km long and 300m wide.

Columbus Lithium Project Update

Noka intends to immediately commence a surface sampling program of its Columbus Lithium Project, located in Esmeralda County, Nevada. The survey will include up to twenty hand auger holes to test for the presence of lithium, potassium, boron and other commercial elements in the surface layer. ?Concurrently, the Company is applying for drill permits to evaluate any lithium bearing brines at depth.

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