Cartier Resources Update: The New 6N1 Discovery – Drill to Kill Approach
Investors know that junior exploration companies are risky; what they often don’t know is that many juniors are not risky enough.
Day: November 28, 2018
MGX Minerals Closes $3.2 Million First Tranche of Non-Brokered Private Placement
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce, further to its news release dated November 23, 2018, it has closed the first tranche of its previously announced non-brokered private placement financing (the “Offering”).
FSD Pharma Facility Valued at $105,000,000 with 3,000,000 ft Expansion Assessed at $420,000,000
FSD Pharma Inc. (“FSD Pharma” or the “Company”) (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) announced today that the Company’s facility and land located at 520 William Street in Cobourg, Ontario has a Fair Market Value of $105,000,000 according to a recent Comprehensive Property Value Assessment by a commercial real estate assessment specialist issued on November 20, 2018.
MGX Minerals Announces Commencement of Drilling at Salinitas Lithium Project, Argentina
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) reports that joint-venture partner A.I.S. Resources (“A.I.S.”) (TSX.V: AIS) has commenced drilling at the Salinitas lithium project (“Salinitas” or the “Project”) in Argentina. Samples recovered thus far from a 43-meter interval show a porous coarse sand which is conducive to the transmission of brines. The trenching program completed in October confirmed the presence of these porous sands. Resistivity of these sands is expected to be encountered at depth. The objective of the drill program is to test two geophysical anomalies generated from the previously completed TEM (Transient Electromagnetic Survey) survey. These anomalies represent potential aquifer structures based on interpretation of the geophysical profiles. Brines will be sampled down to 400m, with specific yield and other porosity tests. Subject to brine composition and flow rate, one well will commence a 30-day pump test.