If you aren't familiar with MGXMF you may want to get familiar. This alternative energy based company that is about to explode as they are forecasting 20 million in profits for 2019. Take a look at their website and do your research.
MGX MINERALS ANNOUNCES WINTER DRILLING PROGRAM TO TARGET HIGH-GRADE GOLD MINERALIZATION AT DEPTH AT FRAN GOLD PROJECT VANCOUVER, BRITISH COLUMBIA / December 5, 2018 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that drilling will recommence shortly at its 100% owned Fran Gold Property (“Fran” or the “Property”) located 30km southwest of the Mount Milligan Gold-Copper Mine. Initial Winter 2018 drilling will drill a twin vertical hole to confirm and test below historic drill hole FR-027 from 2002. Hole FR-027 was drilled in the Hilltop Zone. Historic drill hole FR-027 assayed 13 meters of 3.76 g/t Au from 153.00m - 166.00m including 5.10 meters of 12.89 g/t Au and 18.70 g/t Au over 1.0 meter.
More news out of MGXMF as they are proceeding with Lithium processing in Alberta... MGX Minerals New York — MGX Minerals is developing the world's first commercial petrolithium wastewater facility, kickstarting a potential new revenue source for the oil and natural gas industry, according to the company's CEO. Petrolithium is the extraction of lithium from associated water, or brine, from oil and gas operations. MGX's new PurLucid system filters lithium out of brines and cuts in half water treatment costs, down to $7/b of water from $15/b in places like the Athabasca Oil Sands and Pennsylvania, Jared Lazerson said in an interview Thursday "Lithium is today where natural gas used to be a century ago as an associated waste product from oil production," Lazerson said. "You can get oil, gas and minerals from the wellhead, and companies understand this." MGX earns $1/b by extracting lithium from wastewater with lithium concentrations over 200 ppm like at the Marcellus Shale, Lazerson said. While salt brines in Chile and Argentina have lithium concentrations greater than 1,200-1,000 ppm, Petrolithium's advantage over them is that it can immediately recover the metal versus the 18- to 24-month evaporation extraction process the South American production faces, he said. Canadian independent Connacher Oil & Gas received regulatory approval to build MGX's first commercial facility wastewater operation, a 1,500 b/d PurLucid facility at its Great Divide project near Fort McMurray, Alberta, Lazerson said. Connacher has two SAGD operations at Great Divide, which produced about 10,000 b/d in 2017, and it is expected to ramp up to 20,000 b/d going forward, it has said.
MGXMF winter drill program results are in and they look great! This endeavor has so much potential as they can either continue to pursue the resources or even better, this site will have big appeal to some of the big mining companies. Either way this thing is a gold mine for MGXMF and will most likely send the share price up in short time. See the Gold Winter Drilling results here!
