Manganese X Completes Its Second Phase Drill Program at Battery Hill Intersects Grades over 18 % Manganese Oxide / Proposals for NI 43-101 Compliant Mineral Resource Estimate Tendered
Manganese X Completes Its Second Phase Drill Program
at Battery Hill Intersects Grades over 18 % Manganese
Oxide / Proposals for NI 43-101 Compliant Mineral
Resource Estimate Tendered
Montreal, Quebec--(Newsfile Corp. - August 10, 2017) -
Manganese X Energy Corp.
(TSXV: MN) (FSE: 9SC2)
(TRADEGATE:9SC2) (OTC Pink: SNCGF) (the "
Company
") is pleased to announce new drill results from the spring drill
program on the Battery Hill Deposit at its Houlton Woodstock manganese property located in Carleton County, 5 km NW of
Woodstock, New Brunswick. The drill program consisted of 9 holes totaling 1599 meters on the Sharpe Farm and Moody Hill
areas of the deposit where previous drilling in 2016 intersected MnO grades such as 16.73% over 32.85m (107.8 feet) and
13.87% over 52.6m (172.5 feet) (news release dated Feb 14, 2017). The Sharpe Farm and Moody Hill areas reference
historical occurrences with numerous surface workings. Historical, non-NI-43-101 compliant tonnage and grade calculations
(from Sidwell, 1957) for the two occurrences are reported as 7,257,000 tons of 9% Mn and 9,071,847 tons at 9.5% Mn (such
figures are quoted historical values are not compliant with CIMM or equivalent guidelines and are not to be relied upon see
Historical Occurrences section below for details).
All holes of the program, with the exception of SF17-14, encountered significant amounts of manganese mineralization.
The
mineralization shows good continuity and extends from surface to vertical depths of 170 meters based on drilling.
Roger Dahn, VP Exploration and a director of the Company notes, "We are encouraged by the presence of higher grade
mineralization in the Moody Hill area that is above the historical average grade indicated by Sidwell in 1957. For example, hole
SF17-16 that contains 17.37% MnO over 23.6 meters (77.4 feet) within a broader zone assaying 13.19% MnO over 44.6 meters
(146.3 feet). The Company is exploring the property with the objective of potential future development through low cost open pit
mining. Higher grade areas such as these may represent candidate "starter pit" locations.
The Company is also pleased to announce that it has requested proposals for the completion of a preliminary solid model /
grade-tonnage estimate and if desired the subsequent completion of a NI 43-101 compliant mineral resource estimate with
updated technical report.
Conclusions and Highlights
of the Program
Intersection widths of up to 54.1 meters or 177.5 feet (true width) and MnO grades of up to 18.4% were encountered as
shown in the Table below.
Zones of higher grade mineralization (14% to 18% MnO) are present such as identified in holes SF16-8, SF17-12 and 15
to 18 from the Moody Hill area.
Mineralization remains open to depth and along trend or strike.
The manganese mineralization is interpreted to be hosted by a folded sedimentary sequence with several horizons of
mineralization. Significant mineralized intervals are reported in Table below as core lengths and estimated true thickness (where
sufficient drill information permits). A map of the drill hole locations can be viewed on the
Company's website
Manganese X Energy appreciates and would like to acknowledge the financial support provided by the Province of New
Brunswick through the New Brunswick Junior Mining Assistance Program (NBJMAP).
Historic Occurrences
The Houlton Woodstock manganese property contains historic workings referred to as (from north to south) the Iron Ore Hill,
Sharpe Farm and Moody Hill Mn-Fe occurrences. Historical, non-NI-43-101, tonnage and grade calculations for these
occurrences are reported as 22,680,000 tons of 10% Mn, 7,257,000 tons of 9% Mn and 9,071,847 tons at 9.5%
Mn respectively. The above estimates are from Sidwell, 1957 using limited drilling and a widely spaced gravity survey. The
Company has not done enough work to verify these resources, therefore the above resources are historical in nature and the
Company does not treat the historical estimates as current mineral resources / reserves as defined under NI 43-101.Such
figures are quoted historical values are not compliant with CIMM or equivalent guidelines and are not to be relied upon. For
further information, please refer to our NI 43-101 Technical Report on our website
www.manganesexenergycorp.com
or refer to
our previous press release dated November 30, 2016.
TABLE
Houlton -Woodstock
Manganese Project
2017 Drill
Intersections - Battery Hill Deposit
Hole No.
Azimuth
From (m)
To (m)
Interval (m)
True Width (m)
% MnO
% Fe
2
O
3
SF-17-12
315
o
92.7
118.0
25.3
23.8
11.40
17.14
including
92.7
107.0
14.3
13.4
14.52
19.35
SF-17-13
135
o
31.0
37.0
6.0
7.98
15.12
64.7
69.6
4.9
see note A
1
below
8.96
14.30
117.4
124.0
6.6
8.11
14.67
SF-17-14
315
o
No Significant Values
SF-17-15
135
o
177.1
192.0
12.0
8.8
9.57
12.34
208.0
214.0
6.0
4.4
12.23
16.42
218.0
257.2
39.2
28.7
10.49
17.18
SF-17-16
315
o
32.4
77.0
44.6
41.9
13.19
19.16
including
32.4
56.0
23.6
22.2
17.37
22.69
SF-17-17
315
o
17.0
30.0
13.0
9.5
10.78
24.21
66.5
125.3
58.8
54.1
10.83
16.93
including
66.5
100.0
33.5
30.8
13.19
18.75
or
76.4
97.5
21.1
19.4
15.35
20.99
or
83.0
93.0
10.0
9.2
18.40
23.11
130.5
144.5
14.0
12.9
7.10
13.86
206.0
211.6
5.6
5.2
9.89
16.70
SF-17-18
315
o
40.0
114.0
74.0
54.1
12.13
21.05
including
40.0
94.0
54.0
39.5
13.63
23.51
or
60.5
92.0
31.5
23.0
15.93
27.15
SF-17-19
315
o
29.3
42.1
12.8
11.1
7.27
14.71
including
60.0
123.0
63.0
54.6
9.58
18.02
or
77.0
109.8
32.8
28.4
11.84
20.64
or
84.5
108.0
23.5
20.4
13.36
20.86
SF-17-20
315
o
37.5
81.5
44.0
40.2
10.26
17.47
or
37.5
70.0
32.5
29.7
10.88
18.52
including
55.8
64.0
8.2
7.5
15.63
25.84
Notes:
A
1
Intervals are core length. True width will be defined
with additional drilling
To Convert % MnO to % Mn multiple by 0.7745
To Convert % Fe2O3 to % Fe multiple by 0.6994
To Convert meters to feet multiple by 3.2808
All holes dip 45
0
with
the exception of SF-17-14 which dips 80
0
.
See map on website at
www.manganesexenergycorp.com
for drill hole locations
In addition, Manganese X Energy Corp continues to pursue additional manganese and other potential acquisitions.
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.
Thorough QA/QC protocols are followed including the insertion of blanks, standards and duplicates at regular intervals in each
sample batch. Drill core is cut in half (longitudinally) with one half retained on site; the other half comprising the samples were
bagged, tagged, sealed and delivered to Activation Laboratories Ltd's prep facility located in Fredericton, New Brunswick.
Assays were performed by Activation Laboratories Ltd using assay total digestion XRF Fusion assay method (Code 4C) with
detection limit for MnO at 0.001%.
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 filings 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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