MGX Minerals Reports Assay Results, Driftwood Creek: 53.8 Meters of 43.1% Magnesium Oxide

MGX Minerals Inc. (CSE:XMG) reported assay results from the diamond drill program at Driftwood Creek magnesium deposit in British Columbia. Results include 53.8 Meters of 43.1% Magnesium Oxide.

As quoted in the press release:

Eight drill holes were completed over the Eastern Zone of the deposit and all ended in magnesite mineralization, which was observed to a depth of 57 meters, and suggests the zone remains open at depth.

“The results look very encouraging,” stated Vice President of Exploration and non-independent Qualified Person Andris Kikauka. “The relatively high (>5%) silicon dioxide content can be removed by flotation process (SGS Lakefield, 2008) and other compounds of interest (magnesium oxide, calcium oxide and iron oxide) approach the specifications required for producing calcined or dead-burned magnesite that are suitable materials for export markets.”

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