MANGANESE X ENERGY TO COMMENCE DRILL PROGRAM AT BATTERY HILL
Montreal, Quebec–(Newsfile Corp. – September 15, 2020) – Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC Pink: MNXXF ) („Manganese“ or the „Company“) is pleased to announce that it has completed the tendering of drill contracts related to the upcoming drill program at the Battery Hill project located near Woodstock, New Brunswick. The program is expected to commence within the next three weeks.
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 (core length) in SF-16-05, 12.96% Mn over 32.85 meters (core length) in SF-16-08 and 9.39% Mn over 74.0 meters in SF-17-18.
The upcoming drill program will consist of approximated 20 holes totaling a minimum of 3,000 meters. The intent of the program is 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.
Upon successful completion of the drill program and ongoing metallurgical studies recommended in the June 2020 NI 43-101 technical report, work will be initiated toward the completion of a preliminary economic assessment (PEA).
Martin Kepman, CEO of Manganese X Energy, comments, „We are excited to get the drills turning so we can prove out our manganese asset that borders the US. The current market cycle favors all things electric and we want to participate by providing compliant and compatible manganese oxide for the EV battery market. Our resource property is aptly named Battery Hill and we are the only manganese themed company in North America aggressively moving to commercialization. Companies like Tesla have indicated they want to source battery material from the North American supply chain and we intend to be part of it.“
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
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