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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.


GREY:MGXMF - Post by User

Post by Wangotango67on Apr 17, 2023 5:16am
963 Views
Post# 35397854

GUESS WHAT I FOUND -

GUESS WHAT I FOUND - Here is MGX's last press on - Tillicum.
They did'nt have the -  Silver Queen intel - to report on,
They didn't know how much drilling or the intel -

MGX PRESS -
https://stockhouse.com/news/press-releases/2021/02/10/mgx-minerals-announces-exploration-results-up-to-75-ounces-per-tonne-silver-at


I FOUND THE 1984 - MISSING REPORT -
Extremely important...!  ( so happy i found it )

But first.... i want to express,
Molybdenum is also known to run in Quartz monzonite.
I forgot to mention...in previous post - 
Tillicum does have quartz monzanite.

i know i have strsssed,  pyrite + lead association to, Moly.
But... quartz monzanite is just as important...
It's mentioned in the - missing files -


Heino Gold - is actually seen on the map in this file...
It's actually lower, closer to Grizzly and Silver Queen.

Heino has the Diorites and Quartz Monzanite.
Molbdenum = Quartz Monzanite.

Something to notate and reference with - petrographic study.
Mystery Mineral - A - runs along side - QUARTZ.
Boom.

----------------------------------------------------------------------------------

1984  DRILLING WORK PROGRAM - FILE
IT'S A KEEPER.

E x p e n d i t u r e s  f o r  t h e  1 9 8 4 
e x p l o r a t i o n  p r o g r a m  t h r o u g h 
S e p t e m b e r  3 0 , 1 9 8 4  o n  t h e  T i l l i c u m  G o l d


W o r k  u n d e r t a k e n  i n  1 9 8 4  i n c l u d e d :
( 1 ) t o t a l  o f  5 , 2 2 2  f e e t  o f  d i a m o n d  d r i l l i n g
i n  18 h o l e s ,

o f  w h i c h
12  h o l e s ,  t o t a l l i n g  3 , 7 5 2  f e e t  w e r e  i n  t h e 
S i l v e r  Q u e e n  Z o n e , 

w i t h 1 0 6 0 f e e t  i n  4 h o l es  o n  t h e  E a s t  R i d g e  Z o n e
a n d  2  h o l e s  t o t a l l i n g   4 1 0 f e e t    o n  t h e  J e n n y  Z o n e .


( 2 ) A  2 6 0  f o o t  u n d e r g r o u n d  d r i f t  a l o n g  t h e
       H e i n o - M o n e y Z o n e


( 3 ) C o n s t r u c t i o n of  - 3 - 6 km  o f  a c c e s s  r o a d s  t o  t h e
       
S i l v e r  Q u e e n  a n d A r n i e  F l a t s  Z o n e s .


( 4 ) B a c k h o e  t r e n c h i n g  o n  t h e  A r n i e  F l a t s ,
       S i l v e r  Q u e e n  a n d  S o u t h  T i 1 1 i c u m   Z o n e s .



HEINO ZONE -  ( i'm not separating the fonts this time ) lol
H e i n o - M o n e y Z o n e
G o l d  m i n e r a l i z a t i o n  i n  t h e  H e i n o - M o n e y z o n e
i s  s t r a t a b o u n d  t o  w e d g e - s h a p e d  p a c k a g e
o f  m e t a  s e d i m e n t a r y  r o c k s  l y i n g  b e t w e e n 
d i o r i t e  p o r p h y r y   a n d  m e t a - a n d e s i t e 
( P l a t e 2 , 3 a n d 4 ) .

E x t e n s i v e  d r i 1 1 i n g  a n d  t r e n c h i n g  t o  t h e  e n d  o f
1 9 8 3  h a d  o u t l i n e d  a  n o r t h  w e s t e r l y - t r e n d i n g ,
t a b u l a r - s h a p e d  g o l d  d e p o s i t ,  m e a s u r i n g 
6 5 0 f e e t ( 2 0 0 m) i n l e n g t h ,   1 5 0 f e e t  ( 4 6 m)  i n  w i d t h 
w i t h  d r i I 1 - i n d i c a t e d  r e s e r v e s   o f  4 0 , 0 0 0   t o n s g r a d i n g
0 . 6 o z / t o n g o l d ,  o f   w h i c h   a p p r o x i m a t e l y   7 , 0 0 0   t o n s
c o n t a i n i n g   1 0 , 0 0 0   o u n c e s  o f  g o l d  l i e   w i t h  i n 
3 0   f e e t  o f  s u r f a c e   a n d  c o u l d  b e  m i n e d  b y 
s u r f a c e  o p e n  c u t s



EAST RIDGE -appears it has some - inferred gold -

T h e  t o t a l p o s s i b l e  s t r i k e  l e n g t h  o f  t h e 
a u r i f e r o u s  z o n e  i s  a p p r o x i m a t e l y  3 0 0 0 f e e t
( 9 2 0 m ) .

T o  d a t e  t h e  z o n e  h a s  b e e n  t e s t e d  d o w n d i p 
f o r 2 0 0 f e e t (61 m)  a n d  r e m a i n s  o p e n .

I n  t h e z o n e , g o l d o c c u r s i n  r a n d o m l y  d i s t r i b u t e d 
h i g h e r - g r a d e ' p o c k e t s ' u p t o 2 . 8 5 o z / t o n  g o l d
o v e r 6 f e e t , s e p a r a t e d b y a r e a s o f l o w e r - g r a d e m a t e r i a l .

T h e  a v e r a g e  g o l d  g r a d e  o f  a l l  d r i l l  h o l e  i n t e r s e c t i o n s
i s  0 . 0 5 o z / t o n  o v e r  a  4 0 f t  a v e r a g e  w i d t h .

I n f e r r e d  p o t e n t i a l  f o r  t h e  z o n e
i s  i n e x c e s s  o f  5 m i l l i o n   t o n s   g r a d i n g   b e t w e e n
. 0 5 a n d . 0 7 o z / t o n g o l d .

I n  c o m p l e t e  a n a l y s e s  i n d i c a t e  t h e 
s i l v e r  c o n t e n t  o f  t h e  z o n e  t o  b e  i n  t h e
. 3 t o . 5 o z /  t o n  r a n g e .


--------------------------------------------------------------------------------------
.07 oz = 2 grams - 
5,000,000 TONS @ 2 GRAMS = 321,543 -  oz  ( historical )
---------------------------------------------------------------------------------------

The missing - 1984 - file.
An important one.

It's a great find.
Superb read.

Why would Patrick move away from this project ?
He was the Prez at the time... makes no sense.


Even the MGX  press - first link in post -
reveals -massive lead + zinc values -

Silver Queen trend, consisted of massive sphalerite-galena, and
returned assay values of

2,590 grams/tonne Ag (75.54 ounces/ton Ag),
11.05% Pb,
18.0% Zn.


Cheers....



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