MGX Minerals Reports Mobilization for Bulk Sample at Driftwood Creek Magnesium Project Now Underway
VANCOUVER, BRITISH COLUMBIA / TheNewswire / December 11, 2015 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG) reports that the access road between its Driftwood Creek magnesium project ("Driftwood Creek") and the Provincial Highway has now been cleared of snow. Temperatures have improved with highs near zero degrees and mobilization of equipment, which includes a tracked drill, excavator and six-wheel rock truck, is now underway. Operations are expected to commence shortly.
MGX's 100-tonne bulk sample program (see press release dated November 19, 2015) represents the first bulk tonnage material removed from Driftwood Creek since Kaiser Resources mined 8,000 metric tonnes as part of a test quarry in 1978 (Morris, 1978). Representative multi-tonne processed samples of magnesium oxide ("MgO") will be tested and made available for customer evaluation. Based on outcomes of the bulk sample, MGX looks to deliver further shipments totaling 5,000 tonnes during the first half of 2016.
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.
| Contact Information |
| Jared Lazerson |
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", "potentially" 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.
Copyright (c) 2015 TheNewswire - All rights reserved.
