MGX Minerals Inc (MGXMF)

[NetworkNewsWire]

MGXMF Announces Plans to Conduct Geophysical Survey at Paradox Basin

Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning announced that it has engaged Dawson Geophysical Company of Houston, Texas, to conduct a detailed seismic geophysical survey over the Blueberry Unit within the company’s Paradox Basin Petrolithium project in Utah. Per the update, preparations are already underway, and Dawson expects to commence the survey shortly with the goal of identifying subsurface geological formations and structures that are favorable to the accumulation of oil, gas and mineral brine deposits. MGX currently holds a 75 percent working interest in the Paradox Basin project, with the remaining interest primarily controlled by a private Utah corporation that has been engaged by MGX as a subcontracted operator of the project.

To view the full press release, visit http://nnw.fm/8xRtk

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