Martin Kepman's Manganese X Energy Corp. (MN), up one-half cent to 10.5 cents on 11,000 shares, has completed its second phase of drilling at Battery Hill, a key part of its Houlton-Woodstock manganese project in west-central New Brunswick. The company drilled another nine holes on Battery Hill, formerly called the Sharp Farm and Moody Hill deposits. The new assays included a hit of 17.37 per cent manganese oxide over 23.6 metres, within a broader zone that averaged 13.19 per cent over 44.6 metres. The company's vice-president of exploration, Roger Dahn, says that he and his crew are encouraged by the higher grades, which are above the historical average. He says that the company is exploring the property with the objective of identifying possible starter pits for "low-cost open-pit mining."
Houlton-Woodstock hosts a historical resource of 7.26 million tonnes averaging 9 per cent manganese at Sharpe Farm and 9.07 million tonnes averaging 9.5 per cent manganese at Moody Hill. The largest deposit, Iron Ore Hill, contained 22.68 million tonnes averaging 10 per cent. In all, the 60-year-old estimate listed 40 million tonnes at 9.5 per cent manganese, but Manganese X will be chasing lower tonnages and higher grades for its new resource calculation.