Manganese X Awards Contract to Mercator Geological Services Limited Towards a NI 43-101 Mineral Resource Estimate at Battery Hill
Manganese X Awards Contract to Mercator Geological
Services Limited Towards a NI 43-101 Mineral Resource
Estimate at Battery Hill
Montreal, Quebec--(Newsfile Corp. - August 24, 2017) -
Manganese X Energy Corp.
(TSXV: MN) (FSE: 9SC2)
(TRADEGATE:9SC2) (OTC Pink: SNCGF) (the "
Company
" or Manganese X ) is pleased to announce the commissioning
of a
mineral resource estimate and technical report in accordance with National Instrument 43-101(NI 43-101) on
its Battery
Hillmanganese property located in Carleton County, 5 km NW of Woodstock, New Brunswick.The resource estimate and
NI 43-
101 report will be prepared by Mercator Geological Services Limited (Mercator) of Dartmouth Nova Scotia a geological firm
with broad experience
in NI-43-101 Technical Reporting and resource estimation. Manganese X has retained Mercator to carry
out an independent technical study of Battery Hill in particular to examine Manganese's confirmation drilling programs consisting
of 25 holes totaling 5188 meters prior to preparing the mineral resource estimate. The Company has determined that the Battery
Hill manganese technical project will consist of the following two main phases:
Phase 1
Preliminary deposit modelling, consisting of the completion of preliminary solid modelling and grade/tonnage block
model estimates. The primary objective of this phase is to establish the magnitude of potential resources and implement, if
necessary, additional recommendations in preparation for an estimate and associated technical report in accordance with NI
43-101. The Company intends to progress to Phase 2 after Mercator has completed Phase and provided associated comments
and recommendations.
Phase
II
Completion of a NI 43-101 mineral resource estimate based on the results of Phase 1 and the completion of data
validation and verification, QAQC review, a site visit, and an accompanying Technical Report. "Engaging Mercator Geological
represents another important step in the development of our Battery Hill manganese project," said Martin Kepman Chief
Executive Officer "We have been working to expedite the development of this project and are excited to have a strong
independent firm complete a National Instrument 43-101 Technical Report and resource estimate."
About
Mercator Geological Services Limited
Mercator is a Canadian geological consultancy firm offering a full range of professional services to clients for both domestic and
international projects. Our team of professional geologists has extensive experience with strengths in mineral deposit modeling,
resource estimation and technical reporting, mineral exploration and project management.
Qualified Persons and QA/QC
Roger Dahn, B.Sc., P.Geo (New Brunswick), Manganese X Energy's Vice President of Exploration, is designated as the
Qualified Person in compliance with National Instrument 43-101 with respect to this release and has reviewed the contents for
accuracy.
About Manganese X Energy
Manganese X Energy's mission is to acquire and advance high potential manganese prospects located in North America
with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries as well as
the steel industry. In addition, our company is striving to achieve new methodologies emanating with environmentally friendly
green/zero emissions
processes and
producing manganese at a lower competitive cost.
For more information, visit the website at
www.manganesexenergycorp.com
.
ON BEHALF OF THE BOARD OF DIRECTORS
Martin Kepman
Interim CEO and Director
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.