MGX Minerals Drills 98.02 m of 44.28% Magnesium Oxide at Driftwood

MGX Minerals (CSE:XMG) has released initial results from the first four drill holes of phase II drilling at its flagship Driftwood Creek magnesium project located in southern British Columbia. The 12 hole drill program is near completion and full assay results are expected shortly.
As quoted in the press release:

Mineralization at Driftwood Creek occurs along a two kilometer strike length spanning two zones (Eastern and Western). The Phase II drill program is targeting extensions of magnesite mineralization along strike in the Western Zone, which to date has been delineated across 0.5 kilometers. Management views results thus far as encouraging with most assays reporting magnesite-bearing mineralization throughout entire hole lengths. All four holes have ended in magnesite mineralization.
Select intervals are reported below:

DDH   From (m)To (m)Interval (m)MgO%  CaO% Fe2O3%SiO2%LOI%
2015-1 6.0     63.0   57.0        43.07 1.30 1.49  4.47  48.50
2015-1 81.0    121.92 40.92       43.87 0.50 1.46  6.76  45.35
2015-2 2.74    45.0   42.26       42.60 0.67 1.43  7.56  46.32
2015-2 54.0    91.44  37.44       41.55 0.31 1.43  11.46 42.49
2015-3 0.61    65.53  64.92       40.71 0.92 1.48  13.13 40.97
2015-4 30.0    128.02 98.02       44.28 0.97 1.51  3.4   48.55

* Note: Intervals represent drilled thickness, not true widths. Drill core is being split at three meter intervals. Results represent 406.9 meters of drilling and 137 split core samples.Drill results from Phase I and II drilling will be added to previous drill core analysis and compiled to establish a maiden National Instrument (N.I.) 43-101 compliant mineral resource estimate for the Eastern and Western zones. Independent technical consultant and National Instrument (N.I.) 43-101 Qualified Person Norman Tribe (P. Eng.) has been on site and is preparing to conduct the resource estimate for Driftwood Creek.

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