VANCOUVER, BRITISH COLUMBIA – January 13, 2015 – MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG) is pleased to provide shareholders with an update on permitting activities at its flagship Driftwood Creek magnesium deposit located in southeastern British Columbia.
The Company has received communication on January 12, 2015 from the British Columbia Ministry of Energy and Mines (“MEM”) that its recently filed mining lease application (the “Application”) (see press release dated December 22, 2014) has been received by the Mineral Titles Branch and the application has been accepted and advanced to the Consultative Phase of the application process. In addition, the Chief Gold Commissioner has requested a formal survey, to be approved by the Surveyor General, encompassing the entire area of the proposed mining lease, in addition to the recently surveyed proposed quarry area (click to view surveyed proposed quarry area).
“We look forward to becoming Canada’s only producer of magnesium metal and second producer of magnesium compounds,” stated Jared Lazerson CEO of MGX Minerals. “Advanced materials have a strong outlook in British Columbia and we are committed to being a cornerstone of this new industry.”