MGX Minerals (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) this morning reported that joint venture partner Power Metals Corp. (TSX.V: PWM) announced assay results ranging from 6.04% to 7.14% Li2O, confirming the presence of high-grade spodumene in the Northeast dyke at Case Lake, Cochrane, Ontario. The assay results represent almost pure spodumene and Power Metals has planned a 2,000 metre drill program that will begin on the Northeast dyke in early January 2018 to determine the lithium grade. In reviewing these results and discussing the drilling project, Dr. Julie Selway, Power Metals VP of Exploration, stated, “We are extremely fortunate to have assayed these very high-grade lithium spodumene samples on surface. These assays confirm the presence of high-grade spodumene on the Northeast Dyke and I look forward to drilling the Northeast Dyke within the coming weeks. Additionally, we should also be receiving the remaining assays that we are currently waiting for on the Main Dyke from our recently completed 5,400 metre drill program.”
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About Power Metals Corp.
Power Metals Corp. is a diversified Canadian mining company with a mandate to explore, develop and acquire high quality mining projects. The company is committed to building an arsenal of projects in both lithium and high-growth specialty metals and minerals. Power Metals sees an unprecedented opportunity to supply the tremendous growth of the lithium battery and clean-technology industries. For more information, visit the company’s website at www.PowerMetalsCorp.com.
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.
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