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Bullboard - Stock Discussion Forum 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... see more

GREY:MGXMF - Post Discussion

MGX Minerals Inc > HERE'S ANOTHER - STAN -
View:
Post by Wangotango67 on Oct 12, 2022 8:57pm

HERE'S ANOTHER - STAN -

HEINO - EAST ZONE -
There's gold... but what else is there ?
Copper, Zinc ( sphalerite ) along with, arsenopyritesand a unique tetrahedrite -


Arsenopyrites are known to contain - cobalt.
Tetrahedrites, is referred to a multiple bond mineral, and yes, cobalt can replace the copper.


I have seen no mention of, the copper, zinc, or potentail Cobalt.
Instead of, working the frenchman's cap - they'd be better off reassaying the copper, zinc and potential cobalt values at Heino's east zone.

IT'S  FINE TO FOCUS ON THE GOLD...
BUT...  suppose there was a 2% zinc value in the ores...
The hustorical tonnage mentioned, applied ot a 2% zinc would place a potential zinc value as much as the gold in just the larger - 4,536,000 ore tonnes.

Now... offtake was mentioned  in most recent press...
But... would the junior not fair better if they included all mineral credits ?
There you go.




HISTORICAL STATS -

The East Ridge zone is 300 metres east of the Heino-Money zone. Gold mineralization occurs in a blanket-like zone that straddles the contact between porphyritic diorite and meta-arkose, quartzite, siltstone and minor argillite. The gold-bearing, near-vertical calc-silicate skarn structures occur within a 9.1 to 24.3- metre zone that strikes northeast and dips 70 degrees northwest. The skarn structures have widths that vary from 1.5 to 4.6 metres, but average 2.1 metres. The East Ridge zone has been traced by drilling for 1100 metres along strike and 365 metres down-dip at an average width of 1.5 metres. The East Ridge zone is comprised of two parallel upper skarn structures 0.9 to 1.5 metres thick and a lower skarn structure. Gold occurs in randomly distributed high- grade pockets separated by areas of lower grade material. Within the zone, gold-bearing sulphide mineralization consists of pyrrhotite, pyrite-marcasite, arsenopyrite, chalcopyrite, sphalerite, galena and native gold with traces of tetrahedrite.

In 1982, a 180- kilogram bulk sample from the upper cut assayed 3.8 grams per tonne gold (Assessment Report 11161). In 1984, drilling on the East Zone yielded an inferred resource of 4,536,000 tonnes at 1.7 grams per tonne gold (Northern Miner, November 15, 1984). In 1989, exploratory underground drifting (300 metres) and drilling on the East Ridge zone resulted in indicated reserves of 1,184,672 tonnes grading 5.82 grams per tonne gold.


MINE FILE LINK -

https://minfile.gov.bc.ca/Summary.aspx?minfilno=082FNW234


Fantasitc claims, Driftwood, Heino, Silicas...
But attention to detail -working each mineral to a - vantage - needs some polishing.
Maximizing fullest potential - that is.

Like the silica... fine to talk about silicon... but there's also lots of - quartz - that can be utilized for
actual glass for solor panels... or, an areogel insultaion.
Yet another example of using all the ore resources which capitalizes on profits - and at same time - reduction of waste ores - 

It's how i look at it.
To each there own.

No comment Stan, as per, Defence Metals in B.C. ?
how they're finding - ree's - in dolomites ?
how their diagram even mentions the dolomite and is colored - mauve / pink ?
They're even seeing - ree's - outside the mauve and pink dolomites.
Ahhh...
Comment by sapporostan on Oct 14, 2022 6:13am
67-once the financials are up to date and we are back to trading, they should try to sell off one of their properties to get enough cash to fully explore Driftwood as you have pointed out-more we learn, more valuable is the property that can be developed jointly or sold at a top price-your work is pleasing to the eye and brain and I want to encourage you to keep it up-we need to understand better ...more  
Comment by timeforawinner2 on Oct 14, 2022 10:17am
Always surprises with this company and never in favor of shareholers beware! GLTA
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