Manganese X Energy Corp. Update with Additional Technical Insights
March 21, 2017
Spring Drill Program / Preparation of NI-43-101 compliant mineral resource estimate disclosure report
Montreal, Quebec--(Newsfile Corp. - March 21, 2017) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC: SNCGF) (the "Company") is pleased to announce the follow-up to our recent successful December 2016 16 hole 3500-meter drill program. We have now engaged the services of Mr. Pierre Jean Lafleur Eng. (Geology) of Géo-Conseil Inc., an esteemed geological Company specializing in NI-43-101 Technical Reports. Mr. Laflleur has presented at international conferences and has written numerous articles and papers, including many NI 43-101 Technical Reports. Géo-Conseil Inc has already initiated their preliminary review and analysis of Manganese X Energy Corp's drill and geological data in preparation for publishing a NI 43-101 compliant mineral resource disclosure report. "The Company intends to remain focused in its pursuit of becoming a major player in producing manganese concentrate for the Electrolytic Manganese Dioxide Lithium Ion battery storage industry," stated Martin Kepman, CEO and Director of Manganese X Energy.
"It is also our intention to have our inferred resource NI- 43-101 Technical Report completed by December 2017," stated Martin Kepman. Manganese X Energy is preparing for an exploration and drill program expected to commence this spring at its Houlton Woodstock manganese property located in Carleton County, 5 km NW of Woodstock, New Brunswick. The program will follow-up the significant widths of near surface manganese mineralization confirmed by the Company's initial drill program which encountered core widths of up to 87.7 m (287.7 ft) and MnO grades of up to 21.5% (News Release dated February 14, 2017). Due to the widely-spaced drilling of the initial 2016 drill program, further drilling is required to accurately interpret potential folding and true thicknesses. The objective of the spring program will be to confirm the structural interpretation of the folded sedimentary sequence that has now been established to host several horizons of manganese mineralization over a 1.8 km strike length.
The focus of the spring program will be towards the Sharpe Farm and Moody Hill sector of the property. Further details of the planned program will be forthcoming, including estimated start up dates. In conjunction with our initiated metallurgical test work (News Release March 2, 2017), we have now expanded our metallurgical test program to include additional core samples from Sharpe Farm and Moody Hill. We have recently sent two more batches of core samples to SGS. This renowned Lakefield Ontario based laboratory has begun QemScan testing (Quantitative Evaluation of Minerals by Scanning Electron Microscopy) as well as XRD testing (X Ray Diffraction).
Manganese X Energy's mission is to acquire and advance high potential manganese prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries as well as the steel industry. In addition, our company is striving to achieve new methodologies emanating with environmentally friendly green/zero emissions and producing manganese at a lower competitive cost.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.