Manganese X: Peter Lake Copper-Nickel-Cobalt Property in Quebec Averages 2.23% High Grade Copper from trench blast samples
Manganese X: Peter Lake Copper-Nickel-Cobalt Property
in Quebec Averages 2.23% High Grade Copper from
trench blast samples
Montreal Quebec--(Newsfile Corp. - September 27, 2018) - Manganese X Energy Corp. (TSXV: MN) (the "Company" or
"Manganese X ") is pleased to provide an update on its fall exploration program underway on the Peter Lake Property, located
near the town of Sainte-Anne du Lac, Quebec.
Results from nine blast pit samples collected from the Peter Lake North and South Occurrences returned assays of 5.38%
Copper, 0.96% Nickel and 922 ppm Cobalt; as well as other anomalous samples. The work was conducted -- The North and
South Occurrence mineralization is associated with mafic intrusions within a metasedimentary sequence of rocks and has been
traced intermittently on surface for approximately 2 kilometers. The preliminary blast sampling program indicates a
mineralization grade averaging 2.23
%
Copper, 0.59% Nickel and 458 ppm Cobalt. Each sample consisted of 4-5 kgs of
material collected from surface to an approximate depth of 1.53 meters
.
Hole #9 was made on sterile rock with no apparent
mineralisation for comparison purposes The sample program was completed under the supervision of consulting geologist
Rémi Charbonneau Ph.D. PGeo independent
Inlandsi Consultants senc. Qualified Person for Peter Lake Project .Full assay
results are summarized in the table below. The assaying was performed by Laboratoire Expert Inc in Rouyn-Noranda, Quebec.
Peter Lake Property —
Blast Pit
Assay Results (UTEM Zone 18)
Sample ID
Easting
Northing
Description
Copper (%)
Nickel (%)
Cobalt
(
ppm
)
PLNBT-01
480738
5227235
North Occurrence — Surface to 1.53m Depth
2.86
0.93
542
PLNBT-02
480717
5227150
North Occurrence — Surface to 1.53m Depth
2.39
0.81
373
PLNBT-03
480646
5227053
North Occurrence — Surface to 1.53m Depth
0.43
0.29
917
PLNBT-04
480578
5226986
North Occurrence — Surface to 1.53m Depth
1.56
0.79
355
PLNBT-05
480572
5226977
North Occurrence — Surface to 1.53m Depth
2.24
0.88
344
North Occurrence Average
1.90
0.74
506
PLSBT-06
479517
5226075
South Occurrence — Surface to 1.53m Depth
5.38
0.26
400
PLSBT-07
479520
5226052
South Occurrence — Surface to 1.53m Depth
2.69
0.96
922
PLSBT-08
479527
5226065
South Occurrence — Surface to 1.53m Depth
2.39
0.36
214
PLSBT-09
479531
5226086
South Occurrence — Surface to 1.53m Depth
0.10
0.03
54
South Occurrence Average
2.64
0.40
397
Combined Average
Grades
2.23
0.59
458
Notes:
A
ssays were performed
by Laboratoire Expert Inc., Rouyn-Noranda
,
Quebec
, using method code
AAT-7 and AAT-8
.
Preliminary flotation test work previously completed in 2013 by URSTM (Unite de recherche et de service en technologie
minerale) of Rouyn-Noranda, Quebec on Peter Lake mineralization indicated excellent copper recoveries in the 98% range and
Nickel recoveries ranging from 82% to 89%.
Roger Dahn, VP Exploration and a director of the Company states, "We are excited about the Peter Lake property, besides the
obvious copper — nickel -cobalt potential associated with the mafic intrusions, we are also paying special attention to the cobalt
- copper potential of the nearby metasediments of the Rabot Suite". The Company is applying a geological model based on the
Blackbird District of Idaho, USA in its exploration approach to evaluate potential sediment hosted cobalt - copper at Peter Lake.
The Blackbird District is reported to have total production and resources of approximately 17 Mt grading 0.7% Cobalt and 1.4%
Copper (Bookstrom et al. 2016).
The fall exploration program at Peter Lake continues with planned soil geochemical and ground geophysical surveys (induced
polarization and magnetics), a regional airborne magnetic survey and geology/prospecting to identify and prioritize potential
targets for a follow-up diamond drill program. Further results will be released in a timely manner.
This news release has been reviewed and approved by Roger Dahn, P. Geo., who supervised the preparation of the technical
information in this news release. Roger Dahn is a Qualified Person as defined by National Instrument 43-101.
About Manganese X Energy
Manganese X Energy's mission is to acquire and advance high potential manganese as well as additional mineral 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
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.