InvestmentPitch Media Video Discusses Manganese X Energy’s Upcoming Drill Program at its 100% Owned Battery Hill Project in New Brunswick – Video Available on InvestmentPitch.com
Vancouver, British Columbia–(Newsfile Corp. – September 16, 2020) – Manganese X Energy (TSXV: MN) (OTC PINK: SNCGF) (FSE: 9SC2) has completed the tendering of drill contracts for the upcoming drill program at its Battery Hill project, which is expected to start within three weeks. The company’s 100% owned Battery Hill property, located in Carlton County, New Brunswick, consists of 56 claims totaling 896 hectares.
The upcoming drill program, consisting of approximately 20 holes totaling a minimum of 3,000 meters, is intended to upgrade the current classification of mineralization to inferred or higher resource status. The program will focus on near surface, higher grade areas of the deposit such as the Moody Hill zones.
The Manganese deposits are located approximately 5 kilometers northwest of the town of Woodstock and are easily accessible from the Trans-Canada highway via all-weather roads. The property encompasses all or part of four Manganese zones, Iron Ore Hill, Moody Hill, Sharpe Farm and Maple Hill.
Previous diamond drilling by the Company totals 5,188 meters in 25 holes and has been completed over a 1.8 kilometer strike length of the prospective manganese occurrence trend. Most holes intercepted significant grades and widths of manganese mineralization such as 10.75% Mn over 52.6 meters in SF-16-05, 12.96% Mn over 32.85 meters in SF-16-08 and 9.39% Mn over 74.0 meters in SF-17-18.
In June, the company completed an updated NI 43-101 Technical Report which stated that Metallurgical and Purification testing on the Battery Hill mineralization successfully demonstrated techniques capable of producing high purity manganese sulphate to 99.95%, with low contaminants, a level potentially sufficient for the use as a component in the production of EV and storage battery manufacturing.
Upon successful completion of the drill program and ongoing metallurgical studies recommended in the Technical Report, work will be initiated toward the completion of a preliminary economic assessment.
On September 10th, the company reported that it had received additional favourable metallurgical results from Kemetco Research Inc. in the development process that has now demonstrated greater efficiency and improved economics leading to commercialization.
The company, together with Kemetco, is developing a flowsheet to produce ultrahigh-purity battery-grade manganese products for the growing electric-vehicle and energy storage sectors, using the ethical and sustainable North American mineralization at Battery Hill.
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Barry Morgan, CFO
About Manganese X Energy
Manganese’s X mission is to acquire and advance high potential manganese mining prospects located in North America with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries. In addition our company is striving to achieve new methodologies emanating from environmentally and geographically ethical and friendly green/zero emissions technologies, while processing manganese at a lower competitive cost.
For more information, visit the website at www.manganesexenergycorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
Cautionary Note Regarding Forward-Looking Statements:
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. We seek safe harbor.