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MGX Minerals Inc pushing on with exploration projects

Earlier this month, the firm said it had received a technical report regarding its Alberta lithium properties which proposes a two-part verification process that could cost C$600,000 to carry out.

Lithium_57752a2f28ab7.jpg
Earlier this month, the firm said it had received a technical report regarding its Alberta lithium properties which proposes a two-part verification process that could cost C$600,000 to carry out
MGX Minerals Inc (CSE:XMG) reported a loss of C$1.1mln for the nine months to April 30 against a loss of C$300,000 for the same period of 2014, as it continues exploration activities on its licences.
 
Earlier this month, the firm said it had received a technical report regarding its Alberta lithium properties which proposes a two-part verification process that could cost C$600,000 to carry out.
 
The company also recently completed a 100-tonne bulk sample at its flagship Driftwood Creek magnesium project, and has continued exploration and development activities in accordance with its acquisition conditions.
 
The National Instrument (NI) 43-101-compliant technical report shows that historical formation water geochemical analyses within MGX's Properties contain up to 140 mg/L Li, which is equivalent to the highest lithium-enriched brine samples documented to date in Devonian aquifers of the Western Canada Sedimentary Basin.
 

Quick facts: MGX Minerals Inc.

Price: 0.07 CAD

CSE:XMG
Market: CSE
Market Cap: $9.83 m
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Full interview: MGX Minerals prepares for delivery of equipment to start...

MGX Minerals (CSE: XMG-OTCQB: MGXMF) CEO and President Jared Lazerson joined Steve Darling from Proactive Vancouver to bring news the company is preparing to start, along with their partner Eureka Resources, to recover lithium from water produced at non-conventional oil and gas...

on 08/26/2019

2 min read