MGX Minerals Inc C.XMG

Primary Symbol: 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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Post by Wangotango67on Dec 01, 2024 9:21pm

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Post# 36339992

TONNE, RESERVE, CONTENT, GRADE, PURITY

1966 - BAYMAG
1966 and diamond core drilling in the early 1970s proved reserves in excess of
50 million tonnes of high-quality magnesite ore.
https://www.baymag.com/about/

That's ------> Magnesite ORE ( not extracted mineral )

1990 - BAYMAG
17.6 million tonnes averaging 92.44 per cent magnesia in the calcined product
(Fieldwork, 1990).

Tonnage switches to Magnesia
Magnesia Formula
Mg(OH)2

1 extra O 2 extra hydrogen vs MgO

Hydrogen weight = 1.007 u
Oxygen weight = 15.999 u

Mg weight = 24.305 u
MgO weight = 40.304 u
Magnesia = 58.317 u

So....
1966 - 50 million tonnes ore
1990 - 17.6 million tonnes magnesia ( added weight )
Current webiste - deposit contains magnesite reserves in excess of 50 million tonnes.
^ ^ ^
There's a diff between raw ore and reserves, right ?

Did extra drilling prove positive ?
Or.... drilling wasn't so good ?
Hard to find info on this subject.

Can Baymag mine all ore ?
Or.... are they inhibited by scaling benches further up mountain or... river nearby ?
Or.... have mined high grade magnesite zones and are into.... dolomites ?

Current tonnage mined per year ------> 150,000 tonnes using 3 calciners
1990 to 2024 = 30 yrs of mining

Just how much tonnage raw or reserve or magnesia reserve is remaining ?
Why post on website 1966 50 million tonnes ore ? ( history yes... but ? )
Why not use current figures ?

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

92.44 per cent magnesia in the calcined product (Fieldwork, 1990).
vs
MgO contents of more than 97 %.

Contents..... it a grade after calcing ?
Or.... should it be a purity value after ( LOI ) calcing ?

If Baymags deposit is Magnesite = MgCO3
Their..... magnesite has the carbon and one oxygen loss during calcining.
Perhaps more of a purity figure vs grade.
An opinion.

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

Big Questions ?
Why has Driftwood seen resistence ?
Why has West High Yield seen resistence ?

Did you know MGX Driftwood is the East zone ?
MGX also drilled west zone..... not much info on this drill stepout extension ) hmmm
Source Driftwood 43 101

West drilled extension is like a sneak peek -----> knowing how much more deposit extends.

Cheers.....

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