Manganese X Energy Corp. Announces Commencement of Spring Drill Program and Update of Potential Acquisition
April 25, 2017 (Source) — Manganese X Energy Corp. (TSXV: MN) (FSE: 9SC2) (TRADEGATE: 9SC2) (OTC PINK: SNCGF) (the “Company“) has concluded its drill tender process and, after signing a drill contract, intends to commence the spring drill program mid-May at the Battery Hill Deposit, on the Company’s Houlton Woodstock manganese property in New Brunswick. The drill programme will consist of 7-8 holes of approximately 1,600 meters total. The purpose of this spring drill programme is to investigate and establish some key structural issues such as dip, true thicknesses and folding in preparation for designing and implementing a larger resource oriented late summer drill program. Focus of the spring drill program will be on the Sharpe and Moody Hill sectors. The spring program should also help to indicate the tonnage range potential for Red and Grey ore types and provide guidance towards the possibility of achieving higher grades within these two sectors of the property.
In reference to our latest Press Release dated April 6th, 2017: “Manganese X Energy Announces Potential Acquisition”, the Company is continuing in its negotiations to acquire an additional manganese deposit, the parties are very close to finalizing a binding letter of intent and expect to have it completed within the next 14-21 days.
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.
About Manganese X Energy
Manganese X Energy’s mission is to acquire and advance high potential manganese prospects primarily located in North America as well as potential global acquisitions 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 oriented to environmentally friendly green/zero emissions and producing manganese at a lower competitive cost.
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For more information, visit the website at www.manganesexenergycorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Director
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.
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