VANCOUVER, BRITISH COLUMBIA – October 22, 2014 - MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG) reports engagement of Kemetco Research Inc. (“Kemetco”) to conduct advanced metallurgical studies and develop an optimized process design for the East Zone of the Company’s Driftwood Creek Magnesite Project. The Company also reports that a high temperature furnace has been acquired from SentroTech, a manufacturer of high temperature laboratory and commercial furnaces, to further calcination and roasting studies for the production of refractory grade magnesium oxide and expects delivery of the furnace within days.
The metallurgical work will be supervised by Dr. Gie Tan, Director of Hydrometallurgy at Kemetco, and will build upon beneficiation studies completed by SGS Lakefield Research Ltd. (“SGS”) in 2008. Extensive test work on East Zone bulk samples by SGS resulted in the development of the basic upgrading process. Magnesite recovery rates of 93.4% using conventional reverse flotation methods and removal of up to 70% of silica and 30% of calcium oxides were reported (Aghamirian and Imeson, 2008).
“We are very excited to begin the final phase of metallurgy testing and process design at our Driftwood Creek Magnesite Project. As silica represents the overwhelming majority of impurities by percentage at Driftwood, the application and implementation of an upgrading process to remove the silica offers the opportunity to vastly increase the potentially economic resource and cut-off grade, as well as increasing the purity and therefore the market value of the final MgO product,” stated MGX CEO Jared Lazerson.
The Company plans to further investigate the opportunity to sell the high purity silica by-product that would be produced as a result of the upgrading process. High purity silica is in demand as a source of flux to smelters. As well, the Company is currently considering vertical integration opportunities involving the production of value added products with MgO as its core component.
Driftwood Creek Magnesite Update
A close spaced eight hole diamond drill program and land survey were recently completed at the East Zone of Driftwood Creek for the purpose of delineating an initial mining block and NI 43-101 Resource Estimate, which is currently underway. The Company plans to dovetail the Resource Estimate into a result dependent Mine Plan for the purpose of applying for a Mining and Reclamation Permit for an Industrial Mineral (Magnesite) under the British Columbia Mines Act.
About Kemetco Research Inc.
Kemetco is a privately owned contract research and development company specializing in extractive metallurgy, chemical processing and specialty chemical analysis. Kemetco is a member of the Canadian Association for Laboratory Accreditation (CALA) and maintains participation in the CALA Proficiency Testing Program for specific tests registered with the Association. Kemetco was formed after the acquisition of the industrial process division of B.C. Research, which has been in operation for over 60 years as a research and development contractor located in British Columbia.