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MGX Minerals nears completion of LiDAR mapping and magnetometer survey at Heino gold deposit in British Columbia

MGX also said it expects to complete the remaining portion of the helicopter-flown survey on Monday, thanks to a window of favourable weather in the area

MGX Minerals Inc. -
Data from the survey will allow the company to identify surface mineralization and related structures as well as existing infrastructure

MGX Minerals Inc (CSE:XMG) (OTCPINK:MGXMF) revealed Monday that it has nearly completed LiDAR mapping and a magnetometer survey at its Heino gold deposit in British Columbia.

The survey is over a nine-square-kilometre area of the property and includes the East Ridge and Silver Queen occurrences, according to the company.

MGX also said it expects to complete the remaining portion of the helicopter-flown survey on Monday, thanks to a window of favourable weather in the area.

READ: MGX Minerals reveals metallurgical test results showing 94% gold recovery at Heino-Money project in British Columbia

Data from the survey will allow the company to identify surface mineralization and related structures as well as existing infrastructure, the Vancouver-based company said in a statement. Results will also provide MGX with a modern mapping basis for further infrastructure planning and exploration.

MGX also unveiled new assay results from a sampling program at the Heino-Money Pit zone on the deposit. Results from the six samples reported ranged from 85.5 parts per million (ppm) gold (2.5 gold ounces per ton) and 1080 ppm silver (31.5 silver ounces per ton) including 7.5% lead and 5.4% zinc in one sample, and 138.5 ppm gold (4 gold ounces per ton) and 1090 ppm silver (31.8 ounces per ton) with 9.1% lead and 3.9% zinc.

Heino-Money saw small-scale production on and off between 1981 and 1993.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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CSE:XMG
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