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MGX Minerals reports high-grade gold mineralization at Fran property in British Columbia

The Fran property is located 30 kilometers southwest of the Mount Milligan gold-copper mine
Gold mineralization
Drilling of one hole indicated 6.55 grams of gold per ton and 0.1% copper over 4.1 meters

MGX Minerals Inc (CSE:XMG) (OTCMKTS: MGXMF) reported on Wednesday that drilling indicated high-grade gold mineralization at the Fran gold property in British Columbia.

The Vancouver-based company said in a press release that one hole had a high-grade intercept from 136 to 142.35 meters indicating 6.55 grams of gold per ton and 0.1% copper over 4.1 meters. That included 38.7 grams of gold per ton and 0.6% copper from 140.35 to 140.90 meters.

READ: MGX Minerals poised for drilling restart at Fran gold project

A previously reported drill hole returned a broad intercept, from 227 meters to 241 meters of gold mineralization at depth, according to MGX. The Fran property is located 30 kilometers southwest of the Mount Milligan gold-copper mine.

Earlier in December, the company told investors that drilling will restart soon at the Fran gold project.

Shares of MGX climbed C$0.01 to C$0.48 in Wednesday’s Canadian trading.

 

Contact Dennis Fitzgerald at [email protected]

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