(via Thenewswire.ca)
VANCOUVER, BRITISH COLUMBIA / June 10, 2016 / TheNewswire
- MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) is pleased to announce the Company has acquired, on a trial basis with an option to purchase, a full-scale pilot plant mill
(the “Mill”) from CMC Metals Ltd. (TSX.V:
CMB).
The Mill equipment includes a jaw crusher, ball mill, flotation cells,
cyclone dewatering equipment and a tailings filtration and thickener system. The Mill is currently on care and maintenance in the
Yukon. MGX has dispatched a contractor to transport all equipment, inclusive of five tractor trailers, to the stock pile location
of the Company’s recently completed bulk sample (see press release dated
June 9, 2016). The Company expects that bulk sample material will arrive and be made
available within one week.
The Mill was previously utilized to process polymetallic concentrate. The
Company intends to use the Mill to process bulk sample material through reverse flotation to produce two potentially saleable
products- a high purity magnesite tailing and byproduct silica sand float.
Stated MGX President and CEO Mr. Jared Lazerson: “MGX looks forward to
commencing the pilot plant phase at Driftwood Creek and to begin producing representative and potentially saleable
material.”
Driftwood Creek Magnesium
MGX Minerals has the right to acquire a 100% interest in the Driftwood Creek magnesium project. The Company has
conducted a Phase I and Phase II drill program at Driftwood Creek and has now completed a 100-tonne bulk sample
program. MGX received a 20-year Mining Lease for Driftwood Creek in January (see
press release dated January 11, 2016).
Qualified Person
This press release was prepared under the supervision and review of Andris Kikauka, P. Geo. and Vice President of
Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument (N.I.)
43-101 Standards.
About MGX Minerals
MGX Minerals (CSE: XMG) is a diversified Canadian mining company engaged in the acquisition and development of
industrial mineral deposits in western Canada that offer near-term production potential, minimal barriers to entry and low initial
capital expenditures. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta. For
further information, please visit the Company’s website at www.mgxminerals.com.
Contact Information
Jared Lazerson
President and CEO
Tel: 604.681.7735
Email: jared@mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements
(collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is
typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar
expressions, or are those, which, by their nature, refer to future events. The Company cautions
investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is
referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may
be accessed through the Company's profile on SEDAR at www.sedar.com.
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