VANCOUVER, BRITISH COLUMBIA / July 28, 2015 - MGX Minerals Inc. (“MGX” or the “Company”) (XMG:CNX) reports the Company has engaged Tipi Mountain Eco-Cultural Services Ltd. (“Tipi Mountain”) to complete an Archeological Overview Assessment (AOA) and Archeological Impact Assessment (AIA) on the Driftwood Creek magnesium project (“Driftwood Creek”) located in the Brisco-Driftwood mining district of southeastern British Columbia.
Tipi Mountain has submitted an application to the Archeology Branch of the British Columbia Ministry of Forests, Lands and Natural Resource Operations requesting to conduct AOA and AIA studies on behalf of the Company. Approval of the application is expected shortly.
The AOA study, which is currently underway and expected to be completed the first week of August, will evaluate relevant environmental and archaeological documents pertaining to the proposed haulage roads and mine footprint areas at Driftwood Creek. This will be followed by a field survey to further assess and confirm existing environmental and archaeological documents. Tipi Mountain will then prepare an AOA report consistent with the Guidelines for AOA Reporting as published by the Archaeology Branch.
Based on results of the AOA and upon issuance of a Heritage Conservation Act inspection permit, Tipi Mountain will then conduct additional field assessments which will be used to complete a detailed AIA report. The finished AIA report will then be submitted to the Archeology Branch of the British Columbia Ministry of Forests, Land and Natural Resource Operations for review and approval.
About MGX Minerals
MGX Minerals is a diversified Canadian mining company listed on the Canadian Securities Exchange (CSE: XMG). MGX is engaged in the acquisition and development of industrial mineral deposits in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures. The Company’s flagship project is the Driftwood Creek magnesium project in the East Kootenay region of British Columbia. The long term strategic business objectives of the Company include constructing a quarry mine and processing plant to produce magnesium oxide at Driftwood Creek. The Driftwood Creek project is currently under permitting review for granting of a mining lease and applications for associated operating permits are in various stages of preparation. MGX owns the majority of significant magnesite properties in the Province of British Columbia as reported by the British Columbia Geological Service.
For more information please visit the Company’s website at www.mgxminerals.com.
Dr. Michael Reimann
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
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