MGX Minerals Commences Haul Road Development at Driftwood Creek Magnesium Project
VANCOUVER, BRITISH COLUMBIA / TheNewswire / February 16, 2016 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG) is pleased to announce construction and improvements to the haul road have commenced at the Driftwood Creek magnesium project. The development work is being completed in support of the 100 tonne bulk sample currently underway. This work was previously planned for Spring 2016 but has been accelerated under the comprehensive development agreement with Dominion Excavating.
About MGX Minerals
MGX Minerals (CSE: XMG) is a diversified Canadian mining company 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 operates the Driftwood Creek magnesium project located in the East Kootenay Region of British Columbia. MGX has recently received approval of a 20 year mining lease for Driftwood and bulk sampling is currently underway. For further information, please visit the Company's website at www.mgxminerals.com.
About Dominion Excavating
Dominion Excavating is a quarry mining and construction company located in Invermere, BC. MGX has entered into a comprehensive development agreement with Dominion for the road and mine construction at the Driftwood Creek magnesium project. Under the agreement Dominion is acquiring an equity position in MGX in exchange for development work. Dominion is a First Nations owned company.
Contact Information
Jared Lazerson
Chief Executive Officer
Telephone: 604.681.7736
Email: jared@mgxminerals.com
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.
Forward-Looking Statements
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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