MGX Minerals Acquires 6 Magnetite Prospects in BC

MGX Minerals Inc. (CSE:XMG) announced the acquisition of six reverted Crown Grant claims called the Haig Claims, which cover a known magnetite prospect in western British Columbia.

As quoted in the press release:

Historic exploration delineated a mineralized strike length of approximately 450 meters that remains open in both directions and at depth. The six known occurrences are comprised of steeply dipping zones reaching up to 6.1 meters in width. Historic aggregate samples assayed as high as 65.5% iron (Minister of Mines Annual Report, 1917).

MGX President and CEO Jared Lazerson. said:

This is another strategic acquisition for MGX as it further diversifies our industrial mineral portfolio and provides the Company with a potential source of high purity Ferro Silicon (FeSi).

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