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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 > 2 X GOLDEN - silica
View:
Post by Wangotango67 on Aug 04, 2023 11:59am

2 X GOLDEN - silica

92 Resources
In early 2014, the Company acquired a 100-per-cent interest in an initial 807.77-hectare area adjacent to south boundary the Mt. Moberly mine and over Frenchman's Ridge. The property has now been expanded six-fold to over 5000 hectares, to cover logistically favourable ground with quartzite-sandstone exposures.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1816-tsx-venture/nty/44126-92-resources-corp-frac-sand-potential-enhanced-at-golden-metallurgical-silica-and-frac-sand-project-bc.html

92 Resources changed  it's name to, American Manganese then, onward
to Patriot Battery Metals.



MGX purchased 166 hectars fron 92 Resources
Keep in mind - 92 Resources amassed over 5000 hectars.

https://www.marketscreener.com/quote/stock/RECYCLICO-BATTERY-MATERIA-49478355/news/MGX-Minerals-Inc-DB-1MG-entered-into-an-agreement-to-acquire-166-contiguous-hectares-covering-a-s-38451692/


So why is this so confusing ?
Could it be Zimtu used the words - Golden Frac Sands or..... ZimFrac
meant as same claims ?

Zimtu's reports use both terms meaning same claim reference.

But.... it's a tad more complex.
Here's a map showing 2 distinguishable parcel of lands.

Golden Frac Sands
Golden Frac Sand South

I would say, mgx was on the south block.
Few miles south of, Moberly Plant.
Near or above Brisco.
Which Homerun resources also uses, Brisco.

Lots of lands.
2 Golden parcels.
Makes it quite confusing especially when Zimtu sparks up
other juniors and uses same " lingo " referring to their claims.
Not to mention, never any real maps showing exact locations
makes it all the harder to distinguish between each junior.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1816-cse/pmet/44126-92-resources-corp-frac-sand-potential-enhanced-at-golden-metallurgical-silica-and-frac-sand-project-bc.html

https://orders.newsfilecorp.com/files/4190/33630_a1521660455769_26.jpg



And there you have it.
Would be nice if Zimtu would show each quadron of land belonging
to each junior so investors can know who has what.
Keeping things too general, using same macro referrences
along with 2 Golden Frac parcels = confusing.

Had i not come across this map, i'd still be thinking
all sorts of things - who has our claims

The oddity is...
If Zimtu let lapse the Golden Frac claims, which parcel - both ?
And if Zimtu sparked up Homerun, how is it Homerun has the
Brisco Silica claims ?
lol

Zimtu restaked, then sold to, homerun ?
There's a curve ball question.

2 large parcels.
Lots of juniors.


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