- Manganese X Energy Corp. (MN) completed its pre-feasibility diamond drilling program at its Battery Hill project near Woodstock, New Brunswick
- The program consisted of infill and expansion drilling to upgrade existing inferred resources to the measured and indicated categories in support of the project’’ upcoming pre-feasibility study
- Assays were received from 10 holes of the 35-hole program, drilled on the Moody Hill and Sharpe Farm sectors of the Battery Hill deposit
- Manganese X Energy Corp. (MN) opened trading at $0.18
Manganese X Energy Corp. (MN) has completed its pre-feasibility diamond drilling program at its Battery Hill project near Woodstock, New Brunswick.
The program consisted of infill and expansion drilling to upgrade existing inferred resources to the measured and indicated categories in support of the project’’ upcoming pre-feasibility study (PFS).
Assays were received from 10 holes of the 35-hole program, drilled on the Moody Hill and Sharpe Farm sectors of the Battery Hill deposit. The company will complete an updated National Instrument 43-101 compliant mineral resource estimate once all results have been received.
Highlights:
- 84 metres of 12.8 per cent manganese (MnO) starting at surface, including 78 metres of 13 per cent MnO, in SF22-66
- 75.4 metres of 11.2 per cent MnO starting at 8 metres, including 71.4 m of 11.4 per cent MnO, in SF22-65
- 57.8 metres of 14.6 per cent MnO starting from 4.2 metres, including 31.8 metres of 19 per cent MnO, in SF22-63
- 56.5 metres of 12.28 per cent MnO starting at 5.5 metres, including 40.8 metres of 15.7 per cent MnO, in SF22-64
- 26 metres of 13.3 per centMnO starting at 69 metres in hole SF22-59
- 20 metres of 14.7 per cent MnO starting at 92 metres in hole SF22-60
Manganese X CEO Martin Kepman commented that having just completed 35 infill drill holes measuring 4,690 metres under harsh winter conditions was a challenge but returned strong results from the first 10 holes with the remainder currently at a laboratory for analysis.
“It’s important to note that the PFS is key to the decision making and forward planning of the mine permitting process, as well as the de-risking and advancement of our Battery Hill project. A major part of preparing for the PFS is our current drill program, as well as the environmental, community and geotechnical studies, which will commence in the spring.”
Manganese X Energy Corp. (MN) is a mineral exploration company focused on supplying value-added materials to the lithium-ion battery and other alternative energy industries.
Manganese X Energy Corp. (MN) opened trading at $0.18.