MGX Minerals Inc (MGXMF)

[NetworkNewsWire]

MGXMF JV Partner Reports Initial Assay Results from Case Lake Property

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that its joint venture partner, Power Metals Corp., has received initial assay results from drilling at the Case Lake property located in the Steele and Case townships near Cochrane, Ontario. Per the update, drilling has intersected three wide high-grade lithium and tantalum mineralized intervals, including PWM-17-08 (1.94 % Li2O and 323.75 ppm Ta over 26.0 m), PWM-17-09 (PWM-17-09: 1.23 % Li2O and 148.0 ppm Ta over 16.0 m) and PWM-17-10 (PWM-17-10: 1.74 % Li2O and 245.96 ppm Ta over 15.06 m). “We are thrilled from this first batch of assays,” Johnathan More, chairman of Power Metals, stated in the news release. “This represents a very small portion of holes drilled to date and we are eager to see more results as we receive them from the lab. The high-grade Tantalum is a huge bonus to PWM as we remain focused on the high-grade Lithium.” MGX currently has a 20 percent working interest in Case Lake with the rights to acquire an additional 15 percent.

To view the full press release, visit http://nnw.fm/m3tXy

About MGX Minerals

MGX Minerals is a diversified Canadian resource and technology company with interests in lithium, magnesium and silicon assets throughout North America. MGX currently owns 34% of PurLucid and has the exclusive right to acquire a 100% interest as well as owning the global rights to recently developed lithium and mineral extraction technologies co-operatively developed by PurLucid and MGX. Learn more at www.mgxminerals.com