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Manganese X Proceeding with Definitive 15% Agreement with Mountain Springs Oil and Gas Limited
Montreal, Quebec--(Newsfile Corp. - September 13, 2018) - Manganese X Energy Corp.  ...
About this update from Manganese X Energy Corp.
[{"type":"text","content":"Manganese X Proceeding with Definitive 15% Agreement with Mountain Springs Oil and Gas LimitedMontreal, Quebec--(Newsfile Corp. - September 13, 2018) - Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC Pink: SNCGF) (the \"Company\" or \"Manganese X\") is pleased to announce that it has been advised by Mountain Springs Oil and Gas Limited (\"MSOG\") that it has completed its first oil and gas acquisition at the cost of $13 million dollars located in Western Canada that currently yields approximately $235,000 per month or $2.8 million per year pre- implementation of Schlumberger Heal Systems Technology. MSOG has also informed Manganese X that it is near completion of a second larger acquisition details to follow. Manganese X anticipates having the definitive agreement to purchase 15% of MSOG completed shortly. The Peter Lake Property: The Company is pleased to announce that the fall exploration program has commenced at its Peter Lake Property, located near the town of Sainte-Anne du Lac, Quebec. The exploration program totalling approximately $150,000 will consist of line cutting, soil geochemical and ground geophysical surveys (induced polarization and magnetics) a regional airborne magnetic survey, geology/prospecting, blast pit sampling, stripping and trenching. The results of the exploration work will be released in a timely manner. Special attention during the exploration program will be directed towards the cobalt and possible gold-platinum-palladium potential of the property. The above mentioned exploration program is to identify and prioritize potential targets for a follow-up diamond drill program.Manganese X Energy Corp. is also pleased to announce that its previously announced metallurgical research project - Potential to Ore Upgrading and Purification Techniques Study to Produce Battery Grade material - in conjunction with the National Research Council of Canada has been initiated and the first of twelve test work tasks has been completed. The aim of the project, expected to be completed in early 2Q, 2019, is to determine to what extent ore from the Battery Hill deposit in New Brunswick can be upgraded from the 12% Mn content using a variety of mineral dressing techniques and also to explore with recent hydrometallurgical advances the potential to generate a ...