Proactive Investors - Run By Investors For Investors

MGX Minerals reports up to 100% silicon dioxide assay at Gibraltar project, British Columbia

The energy metals group is investigating the potential to source high-grade silica as a feedstock
rock formation
Pictured is the Gibraltar project in British Columbia

MGX Minerals Inc. (CSE:XMG) (OTCQB:MGXMF) on Friday reported encouraging findings from its Gibraltar and Wonah silicon properties located in British Columbia.

It reported up to 100% silicon dioxide at Gibraltar and 99.9% at Wonah from rock-chip sampling.

MGX operates three silicon projects in the province: Koot, Wonah and Gibraltar.

READ: MGX Minerals set to advance Francisco Basin lithium project in Chile as drilling to start

The energy metals group is investigating the potential to source high-grade silica as a feedstock for industrial silicon metal and solar silicon metal applications.

Silicon has a variety of uses. As well as in glass manufacture, it is also used to make pottery. It is also used in computers.

MGX completed two drill holes of an eight-hole drill program at the Gibraltar South Zone totaling around 2,100 feet.

The aim of the drill program is to test subsurface dimensions of high purity quartzite.

At Wonah, the main target includes the ridge where steeply dipping Ordovician age quartzite is exposed over a strike length of around 850 meters.

Gibraltar assays also included 99.9% and 98.5% silicon dioxide and Wonah assays showed 99.4% and 97.3% silicon dioxide.

As reported in October, a  one-ton sample of quartzite from the Gibraltar site was shipped to an independent laboratory In Germany.

The sample went through various tests and the results indicate that it is of high initial purity, making the fraction chemically suitable as medium quality feedstock material to produce metallurgical-grade silicon.

Shares in Toronto added 2.25% to $0.455.

Contact Giles Gwinnett at [email protected]

Follow Giles on Twitter @Gile74

View full XMG profile View Profile

MGX Minerals Inc. Timeline

Related Articles

July 12 2018
Series of off-market transactions have seen a 28.7% interest and strategic position in Mongolian copper-gold explorer Kincora transition from weak to strong hands, strengthening its existing exploration and expansion strategy. Despite significant uncertainty and shareholder overhang removed following new cornerstone investor Kincora’s share price has not re-rated – yet.
Mark Wilson and Mark Creasy with a Nova-Bollinger core sample Creasy showed Wilson, telling him, ‘There’s what you’re looking for, now go find it’
February 20 2019
A Creasy team will move to Rockford next as exploration resumes.
Bauxite on a ship
January 20 2019
The company will undertake a number of site preparation activities in the March quarter.
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use