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Manganese X Energy Drill Program Intersects Wide Zones of Manganese Oxide Near Surface with a Program High of 27.69%
NI 43-101 Compliant Resource Estimate Commenced Montreal, Quebec--(Newsfile Corp. - February 16, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC: M
About this update from Manganese X Energy Corp.
[{"type":"text","content":" NI 43-101 Compliant Resource Estimate Commenced Montreal, Quebec--(Newsfile Corp. - February 16, 2021) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (OTC: MNXXF) (\"Manganese\" or the \"Company\") is pleased to announce assay results from the fall 2020 diamond drilling program at the Company's 100% owned Battery Hill project located near Woodstock, New Brunswick, Canada. The program of 28 holes totaling 4509 meters was designed to increase the mineral resource in the Moody Hill area and to provide sufficient data to establish a NI 43-101 compliant mineral resource estimate expected in late Q1 2021. Upon completion of the resource estimate, the Company will initiate programs for a preliminary economic assessment (PEA) of the Battery Hill project. Martin Kepman, CEO of Manganese X comments, \"We are extremely pleased with the drill results from Moody Hill. This area is considered the initial development target for the project. The overall property hosts significant tonnage potential along its 7 km length with 3 of the 5 known manganese occurrences (including Moody Hill) having historical, non-compliant resource estimates. We are looking forward to the upcoming resource estimate and further metallurgical advancements in preparation for our PEA. Manganese X is the only Company in North America which is moving towards commercialization of a manganese deposit. Metallurgical work with Kemetco Research Inc. will continue to assist us in improving our recovery rate, reducing the overall processing costs, as well as upgrading our battery grade 99.95% purification process to produce EV (Electric Vehicle) compliant low contaminant manganese products. A \"green wave\" is sweeping the globe and we believe manganese will be a key component in driving greater technological efficiencies as it is relates to EV battery Companies like Tesla, who are pushing an agenda for manganese to replace cobalt.\" A historic resource estimate covering the current Battery Hill property, by Sidwell in 1957, based on a gravity survey and limited drilling, totalled 39 million tonnes grading 9% Mn. Sidwell concluded that the Moody Hill area may contain at least 9,072,000 tonnes of approximately 9.5% Mn. At the Sharpe Farm occurrence, just to the north of Moody Hill, Sidwell estimated 7,257,000 tonnes of 9% Mn and at Iron Ore Hill 22,680,000 tonnes of 10% Mn (se...