MGX Minerals Announces Expanded Drill Program at Kibby Basin, Nevada Lithium Project; Additional Core Submitted for Assay Analysis

CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces that joint-venture partner Belmont Resources Inc. (TSX.V: BEA) (“Belmont”) plans to conduct up to 4,800 feet of additional drilling across four diamond drill holes at the Kibby Basin lithium project (“Kibby Basin”) in Nevada. Additionally, Belmont has also reported plans to conduct downhole geophysical surveys to test specific prospective layers for potential aquifers. Drilling is expected to commence shortly. read more

MGX Minerals Announces Additional Assays from Drilling at Kibby Basin, Nevada Lithium Project; Up to 580ppm Lithium

CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces that joint-venture partner Belmont Resources (TSX.V: BEA) (“Belmont”) has released additional assay results from 25 core samples collected in drill hole KB-3 (1,270 – 1,798 feet) at the Kibby Basin lithium project (“Kibby Basin”). As reported by Belmont, 20 of 25 samples exceeded greater than 100 ppm lithium, with seven samples containing greater than 300ppm lithium, and the highest sample containing 580ppm lithium. read more

MGX Minerals Announces Assays Up To 580ppm Lithium at Kibby Basin, Nevada Lithium Project

CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) announces the joint-venture partner Belmont Resources (TSX.V: BEA) (“Belmont”) has reported assay samples up to 580 ppm lithium in the first layer of 125 samples taken to 1,270 feet at the Kibby Basin lithium brine project (“Kibby”) in Nevada. The highest concentration of lithium occurred between 960 and 1270 feet, including 1110 to 1210 feet where overall average was 415ppm lithium. read more

MGX Minerals Announces Completion of First Hole to 1800’ at Kibby Basin, Nevada Lithium Brine Project

CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that joint-venture partner Belmont Resources (TSX-V: BEA) has reported that drilling has reached a depth of 1,798 feet (548 metres) into the playa sediments in hole KB-3, the first hole of the 2018 drilling program at Kibby Basin. The first section of the hole was drilled to a depth of 1,270 feet using a mud rotary method, and the remaining 528 feet was completed with a diamond core tail. A total of 126 samples of drill cuttings from the mud-rotary section of the hole have been collected and shipped to ALS Global lab facility in Reno, Nevada for assaying. Lithium and multi-element assay results from these samples will be compiled once testing is complete. read more

MGX Announces Drilling at Kibby Basin, Nevada Lithium Brine Project

CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that drilling has  commenced at the Kibby Basin, Nevada lithium brine property (“Kibby Basin” or the “Property”). The drill program is being conducted by Harris Exploration Drilling & Associates Inc. (“Harris”). Harris has extensive experience drilling Clayton Valley lithium brines.  Clayton Valley is the home of Abermarle’s Silver Peak Mine, the only US lithium producer and is located 50km to the South of the Kibby Basin. Eight drill targets were generated based on results from a Quantec MT geophysical survey completed in January. The proposed drill holes are designed to test a large MT conductor which may represent aquifers containing lithium brines. The drill holes have been designed to intercept the MT anomaly starting at depths of 325 m (1065 ft.) and continue to as deep as 760 m (2500 ft.). The objective is to determine the nature of the conductor, collect sediment samples for lithium analyses, identify aquifers and sample water and any brines encountered. read more

MGX Minerals Announces Mobilization for Drilling at Kibby Basin, Nevada Lithium Brine Project

CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce the engagement of Harris Exploration Drilling and Associates Inc. (“Harris Drilling”) for drilling on the Kibby Basin, Nevada lithium brine property (“Kibby Basin” or the “Property”).  MGX is partnered with Belmont Resources (TSX-V: BEA) on the Property and is currently earning a 50% interest for the purpose of forming a 50/50 Joint Venture (the “Joint Venture”) utilizing MGX’s rapid lithium extraction technology.  Drill hole targets were generated based on results from the Quantec MT geophysical survey completed in January. The proposed drill holes are designed to test a large MT conductor, which may represent aquifers containing lithium brines. The drill holes have been designed to intercept the MT anomaly starting at depths of 325 m (1065 ft.) and continue to as deep as 760 m (2500 ft.). The objective is to determine the nature of the conductor, collect sediment samples for lithium analyses, identify aquifers and sample water and any brines encountered. read more

MGX Minerals Announces Nevada Lithium Brine Project JV with Belmont Resources; Drilling to Commence at Kibby Basin, NV

CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce it has entered into a Property Option Agreement (the “Agreement”) with Belmont Resources (TSX.V:BEA) (FKT:L3L1) (“Belmont”) to acquire an initial 25% interest in the Kibby Basin, Nevada lithium brine property (“Kibby Basin”), approximately 50km North of Clayton Valley, NV. MGX will fund up to C$300,000 in exploration expenditures, to be used for drilling in the Kibby Basin. The target area is a large well-defined anomaly discovered by a magnetotelluric survey carried out by Belmont in January 2018. The Agreement allows MGX to earn an additional 25% interest in Kibby Basin property by funding an additional C$300,000 in exploration expenditures for drilling at which time the project will become a 50/50 Joint Venture with access to MGX’s rapid lithium extraction technology. read more

Rye Patch Gold Appoints Financial Advisors

V.RPM, Rye Patch Gold, gold, Nevada

Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGD; FWB: 5TNN) announces that Capital West Partners have been selected as financial advisors to the Special Committee of the Board of Directors. The Company had previously announced (news release dated January 17, 2018) the appointment of a Special Committee comprised of all of the independent directors of the Company to conduct a strategic review process and to make recommendations to the Board arising from the review process. Capital West Partners has undertaken to complete a review of all strategic alternatives for recommendation to the Special Committee and deliver a report containing their analysis, findings and recommendations. read more

Rye Patch Gold Corp. Announces $15 Million Bought Deal Private Placement; Establishes Strategic Review Process

V.RPM, Rye Patch Gold, gold, Nevada

Rye Patch Gold Corp. (Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGD; FWB: 5TN) is pleased to announce that it has entered into an agreement with PI Financial Corp., as lead underwriter on behalf of a syndicate of underwriters (collectively, the “Underwriters“), under which the Underwriters have agreed to purchase, on a bought deal private placement basis 11,538,500 units (the “Units“) of the Company at a price of $1.30 per Unit, for aggregate gross proceeds of $15,000,050 (the “Offering“). Each Unit will be comprised of one common share and one transferable common share purchase warrant (a “Warrant“). Each Warrant will entitle the holder thereof to acquire one common share of Rye Patch at a price of $1.65 for a period of 24 months following the closing of the Offering. read more