Big Picture – A Deep Dive Examination of MGX Minerals Inc.
MGX Minerals Inc. Snapshot
MGX Minerals Inc. is focused on building shareholder value through the development of industrial and precious metal assets throughout western Canada. The Company operates magnesium, lithium, silica and gold projects.
MGX recently received approval of a 20-year mining lease for its flagship Driftwood Creek magnesium project located in eastern British Columbia. The Company has completed two rounds of diamond drilling and is currently conducting a 100-tonne bulk sample for metallurgy and resource estimate purposes. Driftwood is part of a large portfolio of magnesium properties acquired throughout British Columbia. The Company now controls a majority of magnesium properties throughout the Province as reported by the British Columbia Geological Survey (BCGS) (Simandl, 2014).
In late 2015 the Company also identified opportunities throughout the Province of Alberta to acquire and develop lithium brine properties. Since that time the Company has consolidated a strategic land position spanning over 3000,000 hectares, which includes 14 of the top 25 historical high grade lithium (>=90 mg/L lithium) as reported by the Alberta Geological Survey (AGS, 2013). The Company closed a strategic financing to begin developing these properties and is currently preparing to complete a National Instrument (N.I.) 43-101 technical report.
MGX also controls three high-grade silica projects in British Columbia. Early-stage exploration work has identified elevated silicon dioxide (SiO2) levels at each project that compare favorably to other silica operators throughout the Province. The Company believes that further metallurgy work is warranted to identify potential ferrosilicon end market uses.
The Company also controls over 10,000 hectares of mineral tenures within the Omineca mining division of British Columbia. Historic diamond drilling spanning more than 15,000 meters has identified several exploration targets that host low-grade, bulk tonnage porphyry-type potential. The Fran property sits just 30 kilometers south of Thompson Creek Metal’s Mount Milligan mine.
Jared Lazerson, President / Director
Mr. Lazerson has worked in the mining and technology industries since 1994 with companies including Osprey Systems (GPS and Digital Mapping), United Helicopters, Copper Island Mines and Manto Resources. He holds a BA in International Relations from the University of Pennsylvania.
Michael Reimann (Ph.D), CFO / Director
Dr. Reimann graduated in Engineering Physics from the Royal Military College of Canada, and obtained a Ph.D. in Physics from the University of British Columbia. He has over 45 years of experience in senior corporate management in both public and private companies. Most recently he served as CFO of Skana Capital Corp and PNG Gold Corp, both TSX-V listed companies.
Andris Kikauka (P. Geo), VP Exploration / Director
Mr. Kikauka is a geologist with over 30 year of experience. From 1996 to 2012 he was the Project Geologist overseeing exploration programs at Goldrea Resources Corp. from May 2003 to present he has been the Project Geologist for Rio Minerals Ltd., a mineral exploration and geotechnical consulting firm. Mr. Kikauka is presently a director of American Manganese Inc (TSX-V: AMY), which is focused on mineral properties and commodities used in the steel industry. Mr. Kikauka was previously a director of Navarre Resources Corp. (TSX-V: NRV.V) from 1991 to 1996. He holds a B.Sc. in Structural Geology, Mineralogy & Petrology from Brock University.
Lyndon Patrick (LLB), Director
Mr. Patrick is a Vancouver-based, independently practicing lawyer. He has practiced in British Columbia since 2001 in the areas of litigation and real estate. He holds an LLB from the University of Alberta, and an MA and BA from the University of British Columbia. Mr. Patrick is an independent director of the Company.
H. David Read (MBA), Director
Mr. Read has been a financial analyst for approximately 40 years. Mr. Read is a former director of Geostar Metals Inc. (TSX-V: GOS) and of Mena Hydrocarbons Inc. (TSX-V: MNH.V). He holds a BA from
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