leadf
logo-loader
viewMGX Minerals Inc.

MGX Minerals reports sample results of nearly 1,100 g/t silver from its Heino-Money project in British Columbia

Six samples between 0.5 kilograms (kg) and 1 kg revealed silver as high as 1090 g/t of silver, 9.1% lead and 12.6% zinc

Two people in jackets standing at an MGX Minerals project
The Heino-Money project has had 100 surface holes drilled totalling 7,060 meters and 9 underground holes totaling 177 meters

MGX Minerals Inc (CSE:XMG) (OTCMKTS:MGXMF) reported initial assays taken from the Heino-Money deposit in British Columbia on Monday, revealing samples with more than 1,000 grams per ton (g/t) of silver. 

Six samples between 0.5 kilograms (kg) and 1 kg were taken at 2030 Portal of the Heino-Money pit zone during a visit from SRK Consulting on July 8, the company said. Sample analysis revealed up to 1090 g/t silver, 9.1% lead and 12.6% zinc 

READ: MGX Minerals files for 3,000 metres of diamond drilling at Heino Gold deposit and Tillicum claims in British Columbia

Gold fire assays have been requested and are expected at the end of the week, MGX added. 

The Heino-Money project has had 100 surface holes drilled totalling 7,060 meters and 9 underground holes totaling 177 meters, according to the SRK report.

Heino-Money was active between 1981 and 1993 and produced around 5,800 tons of gold and silver ore.

Shares of MGX rose 25% on Monday afternoon in Canada at around C$0.08.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: MGX Minerals Inc.

Price: 0.08 CAD

CSE:XMG
Market: CSE
Market Cap: $11.23 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of MGX Minerals Inc. named herein, including the promotion by the Company of MGX Minerals Inc. in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: MGX Minerals prepares for delivery of equipment to start...

MGX Minerals (CSE: XMG-OTCQB: MGXMF) CEO and President Jared Lazerson joined Steve Darling from Proactive Vancouver to bring news the company is preparing to start, along with their partner Eureka Resources, to recover lithium from water produced at non-conventional oil and gas...

on 26/8/19

2 min read