The Conversation (0)
MGX Minerals (CSE:XMG) reported results from a re-analysis of drill cores from the Western Zone of its flagship Driftwood Creek magnesium project. The cores were drilled in 2008, and have been re-assayed using new and more advanced techniques.
As quoted in the press release:
Drill core from a 692 meter NQ-sized drill campaign in 2008, which took place over the central portion of the Western Zone, was shipped to ALS Minerals (“ALS”) in North Vancouver, British Columbia. ALS performed whole-rock analysis using a lithium borate fusion process to calculate oxide equivalent values for 245 samples representing a total of 444 meters.
The advanced assay method performed by ALS reduced unknown or unaccounted for material that previously ranged up to 10% in the original assays. The results from ALS have now been updated with near 100% material accounted for.
MGX president and CEO, Jared Lazerson, said:
The re-assay of 2008 core using superior assay methodology provides a clearer picture of the true grade, tonnage, and orientation of the Western Zone. Today’s results confirm that the Western Zone contains large, thick sections of magnesite of homogenous grade and consistency. As we enter the engineering phase at Driftwood Creek we believe the addition of these results to the mine plan will have a major impact on the mine life.
Click here to read the MGX Minerals (CSE:XMG) press release
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