The Conversation (0)
MGX Minerals Inc. (CSE:XMG) reported that magnesite mineralization at the Driftwood Creek project in southwest British Columbia has now been extended to 2,000 meters.
As quoted in the press release:
Surface outcrops were collected in late April over a 200 x 2,000 meter area to target existing and potential new zones of mineralization at Driftwood Creek. A total of 31 rock chip samples, representing three meter intervals, were collected and sent to ALS Minerals (“ALS”) in North Vancouver, British Columbia for geochemical analysis. ALS performed whole-rock analysis using a lithium borate fusion process to calculate oxide equivalent values.
Fish Zone Exploration
The Fish Zone is a near surface magnesite-bearing zone located along strike and as a lateral extension of the Western Zone at Driftwood Creek. The Fish zone was originally discovered and explored by Kaiser Resources in the 1970’s. Encouraging results led to extraction of an 8,000 tonne bulk sample (Morris 1978).
In April 2015 eight rock chip samples were taken across a northeast bearing profile spanning approximately 300 meters that targeted surface outcrops within the Fish Zone. Results are currently being compiled to establish targets for future drilling of mining blocks.
“Results from Driftwood continue to impress,” stated MGX Minerals CEO Jared Lazerson. “Preliminary data from the Fish Zone is exciting and the deposit as a whole has begun to take on mass tonnage characteristics that could support a long life mine. This has begun to solidify the opportunity for MGX to become a cornerstone producer, for North American markets, of low-cost magnesium oxide and ultimately magnesium alloy.”
Click here to read the MGX Minerals Inc. (CSE:XMG) press release
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