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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 Jul 31, 2023 2:04pm
194 Views
Post# 35565184

SILICA CRUMBS

SILICA CRUMBSIf they reassayed the driftwood's colored carbs what would
be revealed ?

Did some research last eve on,  zimtu's frac silica claims
beginning with Rio Grande 2014 right to, Patriot Battery metals.
Rio eventually changed it's name to several other companies
to present day Patriot.

Side note - did you know Zimtu's inception date was July 04 2006 ?
There's your Patriot.

Rio Grande aquired silica claims in Golden BC from
Zimtu Capital Corp. and Cannon Bridge Capital Corp., two arm’s length vendors
https://www.nsenergybusiness.com/news/newsrio-grande-to-buy-zim-frac-silica-claim-in-british-columbia-280114-4169706/

What's so odd about this?
MGX Wonah claims were in the same vicinity.

Never any claims numbers seen in reports, just est locations.
Question becomes - were Rio Grande's, now Patriots silica claims
same as MGX's Wonah's claims ?

Actual assesment for Wonah claims...
3 miles southeast of Golden, BC.

Page 5
https://apps.nrs.gov.bc.ca/pub/aris/Report/03685.pdf/

Now why is this of, interest ?
Turns out there were 2 silica mill processing plants in same
vicinity.  Wonah ( mgx's silica claims ) were kissing Moberly Silica Plant.
Why.... why didn't mgx after all the ( yrs ) not ink a deal with, Moberly ?

What happened in 2017 and forward ( took a bit of time )
Heemskirk Consolidated Limited, the owner of the Moberly Silica Sand Mine, was the subject of a February 13, 2017 takeover bid by Northern Silica Corporation.  The total transaction is valued at greater than $42.3 million ASD;

By 2017 Rio Grand changed it's name to, 92 resources...
In fact, on a cse bulliten, they entertained the name, silica solar.
Added tid bit... insight to how they were thinking.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1816-tsx-venture/pmet/30205-92-resources-corp-update-on-golden-frac-sand-property.html

Zimtu MDA 2022
British Columbia
Golden Silica Property (formerly referred to as “ZimFrac” or “Golden Frac Sand”)
Due to expenditure requirements, the Golden Silica Property was let lapse in late 2021 as exploration spending was focused on the Company’s flagship asset, the Corvette-FCI Property. In 2022, the Company allowed the Golden Silica Property to lapse, and therefore the acquisition agreement for the Property no longer applicable. In January 2022, the Company re-staked some of the ground previously (3 claims totalling 991.5 ha). The Property is a non-core asset of the Company and next steps are being evaluated as only a portion of the ground desired was acquired. The Golden Silica Property is a non-core asset in the Company’s exploration portfolio.
During the year ended March 31, 2022, the Company decided to focus on other Lithium projects. TheCompany then recognized an impairment loss of $315,364 relating to this Property (2021 - $Nil)

Page 15
https://patriotbatterymetals.com/wp-content/uploads/2022/07/Patriot-Battery-Metals-Inc.-MDA-03.31.2022.pdf

Biggie Question ?
Why would Zimtu let claims lapse if a big Corp is buying the, Morberly Silica Plant ?
Why did MGX sell all their silica claims to, Mount Wilson Ventures ?
lol.....

Mount Wilson Ventures from what i can gather recieves corp investment
monies from other large entities...

If i had to throw a dart and guess who might want the silica it would be,
https://swegan.se/

Wilson Ventures ( reference link to Swegan )
https://tracxn.com/d/venture-capital/mount-wilson-ventures/__F6-wIEVlRZ5rZlwfU85xKzSJUBcMUO3oNhBmp0am06o/co-investors

Northern Silica Corp + Swegan ?????
Did Zimtu let the claims lapse or, profited ?
How about mgx personel ?

By the way...
MGX owned 100% of, Wonah ( hello )
Wonah = right beside the new owner Norther Silica Corp



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