Marathon Drills High-Grade at Marathon Deposit & Sprite Zone Bog: 14.68 g/t Au over 8 meters & 4.11 g/t Au over 7 meters, Valentine Lake Gold Camp, Newfoundland
Highlights:
Category: featured_news
MGX Minerals and PurLucid Provide Lithium Extraction System Deployment Update; Second Site Agreement Near Completion
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that the Company’s majority owned engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) is nearing completion of its second commercial-scale contract for deployment of MGX-PurLucid water treatment and lithium extraction systems at petrolithium sites in Alberta. Final assembly, site preparation and deployment are underway for the initial site and installation at both sites is expected to be largely complete by June 2018. Under the agreement MGX remains in control of all lithium and other minerals extracted using the lithium extraction systems.
Eloro Resources Provides Update on Phase II Reconnaissance Drilling and Geological Work at the La Victoria Gold/Silver Project, Peru
Eloro Resources Ltd. (TSX-V:ELO) (FSE:P2Q) (“Eloro” or the “Corporation”) is pleased to provide an update on planned diamond drilling and geological work at its 90% owned La Victoria Gold/Silver Project in Ancash Department, Peru. EHR Resources Limited of Perth, Australia, is earning up to a 25% interest in La Victoria and has earned a 10% interest with the successful completion of Phase I exploration (see News Release March 1, 2018).
Bird River Resources – Oil and Gas Operational Update
Bird River Resources Inc. (CSE: BDR) (“Bird River” or the “Company”) today announces an operational update on its Oil & Gas business vertical.
Bonterra Extends Gladiator Gold Deposit Further Westward 17.8 g/t Au Intersected over 3.0 Meters
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the latest results from the ongoing winter drilling campaign at the Gladiator Gold Deposit, including an intersection of 17.8 g/t Au over 3.0 m. High-grade intersections extend multiple zones westward, adding strike length at the Rivage Gap and continue to demonstrate the continuity of the deposit, highlighting the predictability of the mineralized zones. The ongoing drilling campaign, totaling 70,000 m in 2018, includes infill and definition drilling at the Gladiator Gold Deposit. Multiple drill holes are in the lab with assays pending.
MGX Minerals Announces Intent to List Zinc-Air Fuel Cell Division; Issue Dividend to Shareholders
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce its intention to publicly list its wholly owned subsidiary ZincNyx Energy Solutions Inc. (“ZincNyx”) and pay a partial share dividend of ZincNyx directly to MGX shareholders of record. The planned result will be a separate publicly-traded company (the “Transaction”) primarily owned by MGX and its shareholders of record. The Transaction is aimed at realizing the full value of ZincNyx and the unique opportunity of replacing or augmenting diesel generators globally with zinc-air mass storage systems in addition to backup and load balancing applications. The opportunity to replace marine diesel engines with electric engines and zinc-air fuel cells is now being evaluated due to the ability to refuel the systems in a method similar to traditional refueling, from onshore refueling tanks, but using the environmentally benign charged zinc electrolyte.
Millennial Lithium Corp. Begins Trading on the OTCQX Best Market
Millennial Lithium Corp. (TSXV:ML) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that the Company has qualified to trade on the OTCQX Best Market, operated by OTC Markets Group Inc. As of market open April 3, 2018, Millennial will begin trading on OTCQX under the symbol “MLNLF” and will continue to trade on the Toronto Venture Exchange under the symbol “ML”
MGX Minerals Announces 15,000 Meter Drill Program at Case Lake Lithium JV
MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that the Spring Drill program at the Company’s Case Lake Lithium JV (“Case Lake”) will commence in May. Spring/Summer drilling will total 8,000 meters followed by an additional 7,000 meters of planned drilling in the Fall. There have been 8,400 meters of drilling completed at Case Lake to date. Substantial spodumene mineralization intersections have included:
MGX Minerals and Highbury Energy Produce 45% Vanadium Concentrate from Petroleum Coke Ash
MGX Minerals Inc. (”MGX” or the ”Company”) (CSE: XMG; FKT: 1MG; OTCQB: MGXMF) is pleased to report additional assay results of Petroleum Coke (“Petcoke”) samples collected from stockpiles produced from the Fort McMurray area mining and upgrading operation as well as the Edmonton refinery. Both samples originated from Delayed Coking operations. Samples were obtained and prepared by Highbury Energy Inc. (“Highbury”) and metal contents analyzed by Acme Labs of Vancouver, British Columbia using standard ICP analyses.
Pacton Gold Obtains DTC Eligibility in the U.S. and Now Trades on the OTC Pinks Market under the Symbol PACXF
Pacton Gold Inc. (TSXV: PAC, OTC: OACXF) (the “Company” or “Pacton”) is pleased to announce it has secured Depository Trust Company (DTC) eligibility for its common shares trading on the OTC Pinks market. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash and thus accelerates the settlement process for investors.