MGX Minerals Advances Mining Lease Application at Driftwood Creek Magnesium Deposit
13.01.2015 | Accesswire
VANCOUVER, BC/ ACCESSWIRE / January 13, 2015 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG) is pleased to provide shareholders with an update on permitting activities at its flagship Driftwood Creek magnesium deposit located in southeastern British Columbia.The Company has received communication on January 12, 2015 from the British Columbia Ministry of Energy and Mines ("MEM") that its recently filed mining lease application (the "Application") (see press release dated December 22, 2014) has been received by the Mineral Titles Branch and the application has been accepted and advanced to the Consultative Phase of the application process. In addition, the Chief Gold Commissioner has requested a formal survey, to be approved by the Surveyor General, encompassing the entire area of the proposed mining lease, in addition to the recently surveyed proposed quarry area (click to view surveyed proposed quarry area).
"We look forward to becoming Canada's only producer of magnesium metal and second producer of magnesium compounds," stated Jared Lazerson CEO of MGX Minerals. "Advanced materials have a strong outlook in British Columbia and we are committed to being a cornerstone of this new industry."
About MGX Minerals
MGX Minerals (CSE: XMG) is a diversified Canadian mining company engaged in the acquisition and development of industrial mineral deposits in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures. For more information please visit the Company's website at www.mgxminerals.com.
For further information please contact:
Jared Lazerson, Chief Executive Officer
MGX Minerals Inc.
Telephone: 604.681.7735
Email: jared@mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
