Day: September 21, 2017
MGX Minerals Intersects Broad Intervals of Spodumene Pegmatite Mineralization
Case Lake, Ontario Lithium ProjectVANCOUVER, BRITISH COLUMBIA / September 21, 2017 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that it has been provided with an update regarding ongoing drilling at its Case Lake Lithium Joint Venture with Power Metals Corp.
First Mining Finance Announces Positive Preliminary Economic Assessment for its Springpole Gold Project
Estimated after-tax NPV5% of US$792 million and 26.2% IRR for the Springpole Gold Project at base case long-term precious metal pricesFirst Mining Finance Corp. (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) (“First Mining” or the “Company”) is pleased to announce the positive results of an independent Preliminary Economic Assessment (“PEA”) for its Springpole Gold Project (the “Project”) in northwestern Ontario, Canada. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by SRK Consulting (Canada) Inc. of Vancouver, Canada. The PEA describes the potential technical and economic viability of establishing a conventional open-pit gold mine-and-mill complex for the Project. The base case scenario utilizes long-term metal prices of $1,300 per ounce (“oz”) of gold (“Au”) and $20 per oz of silver (“Ag”).