MANGANESE X ENERGY TO COMMENCE DRILL PROGRAM AT BATTERY HILL
15 Setembro 2020 - 9:54AM
InvestorsHub NewsWire
Manganese X ENERGY to commence drill program at
batTery
hill
Montréal,
Québec, Canada, September
15,
2020
-- InvestorsHub NewsWire -- Manganese X
Energy Corp. (TSXV: MN) (FSE: 9SC2)(OTC:
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
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
geographically ethical
and friendly green/zero emissions, 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 of
Manganese X Energy Corp.
Martin
Kepman
CEO and
Director
Email:
martin@kepman.com
Tel:
1-514-802-1814
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.
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