InvestmentPitch Media Video Discusses Manganese X Energy’s Drill Results, including 84 m of 12.8% MnO, from its 100% owned Battery Hill Project in New Brunswick, Canada
March 30 2023 - 5:31AM
Manganese X Energy (TSXV:MN) (OTCQB:MNXXF) (FSE:9SC) announced
initial results, including 84 m of 12.8% MnO, from its recently
completed diamond drilling program at its 100% owned Battery Hill
project in New Brunswick, Canada. The Battery Hill manganese
project, which covers 1,228 hectares, is located approximately 5 km
northwest of the town of Woodstock and is accessible via a new
two-lane road.
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The program consisted of infill and expansion
drilling designed to upgrade existing inferred resources to the
measured and indicated categories in support of the project's
upcoming Pre-Feasibility Study. Assays have been received from 10
holes of the 35-hole program, drilled on the Moody Hill and Sharpe
Farm sectors of the Battery Hill deposit. Once all results have
been received, an updated National Instrument 43-101 compliant
mineral resource estimate will be completed.
Highlights include:
- Hole 66 reporting 84 metres of 12.8% manganese oxide “MnO”
starting at surface,
- Hole 65 reporting 75.4 metres of 11.2% MnO starting at 8
metres,
- Hole 63 reporting 57.8 metres of 14.6% MnO starting from 4.2
metres
- Hole 64 reporting 56.5 metres of 12.3% MnO starting at 5.5
metres
- Hole 59 reporting 26 metres of 13.3% MnO starting at 65 metres,
and
- Hole 60 reporting 20 metres of 14.7% MnO starting at 93
metres
Martin Kepman, CEO, stated: "We are very pleased
with the progress made on our Battery Hill prefeasibility drilling
program, having just completed 35 infill drill holes measuring
4,690 meters, especially given the harsh winter conditions. The
remainder of the infill drill holes are currently at the laboratory
for analysis. It's important to note that the PFS is key to the
decision making and forward planning of the mine permitting
process, as well as the de-risking and advancement of our Battery
Hill project. A major part of preparing for the PFS is our current
drill program, as well as the environmental, community and
geotechnical studies, which will commence in the spring. In
addition, our pilot plant project at Kemetco Research Inc. located
in Richmond, BC, is proceeding well. We anticipate that we will be
able to send out high purity EV compliant manganese sulfate
monohydrate products to interested parties from the EV battery
sector in the coming weeks to initiate the validation process.”
Holes SF22-63 to 65 were vertical holes, drilled
at a low angle to the strata, and provided material for testing in
the ongoing Pilot Plant testing at Kemetco Research, in Richmond,
British Columbia. Holes SF22-59 to 62, and 67, were drilled at 45
degrees and have an estimated true thickness of 80-85% of reported
values.
Manganese X's mission is to advance its Battery
Hill project into production, with the intent of supplying
value-added materials to the lithium-ion battery and other
alternative energy industries. The company is also striving to
achieve new carbon-friendly more efficient methodologies, while
processing manganese at a lower competitive cost.
It is the only public actively traded manganese
company in Canada and the US moving towards commercialization of a
manganese deposit, as well as potentially becoming a North American
supply chain supplier.
The company’s Disruptive Battery Corp. subsidiary
is developing an HVAC air purification delivery system for cleaner
and healthier air, aiming to mitigate COVID-19 and other
contaminants on surfaces and in the air.
The company is well financed to achieve its 2023
program goals with it shares currently trading at $0.19. For more
information, please visit the company’s website at
www.ManganeseXEnergyCorp.com, contact Martin Kepman, CEO, at
514-802-1814 or email martin@kepman.com.
For more information, please visit the company’s
latest news release and website at www.ManganeseXEnergyCorp.com,
contact Martin Kepman, CEO, at 514-802-1814 or email
martin@kepman.com.
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