Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its joint venture partner, Power Metals Corp., has completed initial drilling and intersected lithium mineralization on the Northeast Dyke at the Case Lake Property in Ontario. Per the update, the winter 2018 program is currently in its early stages, and the presence of up to 30 percent coarse grained spodumene has been identified in several of the first few holes. With these promising results, Power Metals has increased its current drill program from 2,000 meters to 3,000 meters. The Northeast Dyke is located 900 meters northeast of the recently completed 5,400-meter drill program on Case Lake’s North and Main Dyke, along the same strike and within the same dome. A 50 drill hole program was completed on the Main Dyke in December 2017, encountering multiple wide intercepts of Li2O.
To view the full press release, visit http://ibn.fm/CuqVe
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About MGX Minerals
MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. MGX currently owns 34% of PurLucid and has the exclusive right to acquire a 100% interest as well as owning the global rights to recently developed lithium and mineral extraction technologies co-operatively developed by PurLucid and MGX. Learn more at www.mgxminerals.com
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