Uranium Overview
Our friend Shawn Perger at Blue Sky Uranium sends along one of the best overviews of the uranium market we have seen in a couple of years.
Day: August 13, 2018
MGX Minerals Completes TDEM Geophysical Survey at Salinitas Lithium Project – Salinas Grande Salar, Argentina
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FKT: 1MG) is pleased to report completion of the previously announced Time Domain Electromagnetic (TDEM) survey at the Salinitas lithium brine project (the “Project”) located in the Salinas Grande Salar of northwest Argentina. The TDEM geophysical survey was conducted across 52 stations at 500 meter totaling approximately 26 kilometers. Data compilation is underway and interpretation is expected to begin shortly. Based on interpretation of the TDEM data, the Company is now preparing to carry out trenching as well as an auger drilling program to test for shallow, near surface brines that contain anomalous concentrations of lithium and other elements correlated with geophysics in preparation for definition of drill targets.