Martin Kepman's Manganese X Energy Corp. (MN), unchanged at 11 cents on 73,000 shares, has completed its latest drilling at its Houlton-Woodstock manganese project in western New Brunswick. The nine-hole, 1,600-metre drill program tested the Sharpe and Moody Hill areas, where drilling last year produced assays of up to 16.73 per cent manganese oxide over 32.85 metres and 13.87 per cent over 52.6 metres. (The company said earlier this year that it would henceforth be referring to Sharpe and Moody Hill as its Battery Hill deposit. Mr. Kepman may have changed his mind about the more promotable name but he is still touting manganese as a component in batteries, solar panels and backup storage units.)
Manganese X Energy is planning to deliver a resource estimate for Houlton-Woodstock later this year, but historical work offers a good idea of what to expect. The Sharpe Farm deposit hosted a historical resource of 7.26 million tonnes at 9 per cent manganese, Moody Hill held 9.07 million tonnes at 9.5 per cent and Iron Ore Hill contained 22.68 million tonnes at 10 per cent manganese. In all, the 60-year-old estimate credited Houlton-Woodstock with about 40 million tonnes averaging about 9.5 per cent manganese.