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 projects include GC and Petrolithium. Its Gold projects include Heino, Tillicum and Fran. The Driftwood Creek project is located approximately 164 kilometers (km) north of Cranbrook, British Columbia (B.C.). The Marysville magnesite project is located approximately 12 km (7.7 miles) south of Kimberly, BC. The Red Mountain-Topaz-Cleland magnesite property is located approximately 50 km south of Golden. The Botts Lake magnesite property consists of claims approximately 50 km south of Golden, BC. The Gibraltar project is located approximately 95 kilometers northeast of Cranbrook, BC.

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MGX Minerals Inc

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Comment by rivermoneyon Oct 25, 2016 10:38am

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Post# 25382258

RE:NEWS - this is what I wanted to hear... Giddy up !

Yes good news. However as long as they need to pay these companies with paper the SP won't increase to much. I kinda agree with Wilwal.

Wangotango67 wrote: The recently completed drill program was increased to a total of 16 drill holes totaling 1,211.5 meters with lengths ranging between 31 and 184 meters (see Figure 1 and Table 1). A total of 386 split core samples have been shipped to ALS Minerals in North Vancouver, British Columbia for whole rock geochemical analysis.

The program successfully intercepted large intersections of magnesite mineralization consistent with past drilling and 3D modelling. Step out drilling has intercepted magnesite mineralization along strike both to the East and West ends of the known resource.

This is the third diamond drill program completed by MGX at Driftwood, in addition to 100t bulk sample completed in June 2016.