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MGX Minerals Inc.

MGX Minerals reports high-grade results from Longworth, Wonah silica properties in British Columbia

Company suggests further metallurgical testing warranted

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High-grade silica has many potential uses

MGX Minerals Inc. (CSE:XMG) (FKT:1MG) has reported assay results from recent rock chip sampling at two silica properties in British Columbia, with samples from both grading as high as 99.9% silicon dioxide (SiO2).

Ten assay samples from the Snow Zone at the company’s Longworth silica property averaged 99.34% SiO2.

At Longworth, MGX Minerals owns a 100% undivided interest in 15 contiguous claims covering 1,198 hectares.  The primary target at the property, located approximately 80km northeast of Prince George, is a formation identified as steeply dipping layers 100-300m in width, with a maximum thickness of some 400m.

Longworth is comprised of four distinct zones over a strike length of 6km.  All samples taken in this round of field reconnaissance were from the Snow Zone.

At the Wonah silica property, 11 samples from the South and Central zones assayed at an average of 99.4% SiO2.  Wonah is located 45km northeast of the town of Cranbrook and features a total strike length of approximately 850m.

MGX Minerals stated in the press release announcing the assay results that the relatively high SiO2 content of rock samples from the properties compares favorably with silica sand producers operating near Golden, British Columbia.  “Development of these properties could support new silicon metal production which generally requires the high purity quartzite form of silica found at the properties as opposed to silica sand,” the company said in the release.

“There are currently no silicon metal producers in western North America and advancement of the properties has the potential to provide feedstock in support of the development of west coast production and for export to the high demand markets of the Pacific Rim,” it added.

The company also said it believes further metallurgical testing of samples from the two properties is warranted, with an eye toward potential uses of the material for production of silicon metal, ferrosilicon or other applications.

In December, MGX Minerals said that it was acquiring a 100% undivided interest in the Wonah property by issuing 150,000 shares over a three-year period.

Quick facts: MGX Minerals Inc.

Price: $0.18

Market: CSE
Market Cap: $25.27 m
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