logo-loader
MGX Minerals Inc.

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]

Quick facts: MGX Minerals Inc.

Price: $0.20

Market: CSE
Market Cap: $28.08 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of MGX Minerals Inc. named herein, including the promotion by the Company of MGX Minerals Inc. in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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...

3 weeks, 2 days ago

2 min read