Manganese X Energy Corp. has released new drill results from the spring
drill program on the Battery Hill deposit at its Houlton Woodstock manganese
property located in Carleton county, five kilometres northwest of Woodstock,
N.B. The drill program consisted of 9 holes totaling 1599 meters on the
Sharpe Farm and Moody Hill areas of the deposit where previous drilling in
2016 intersected MnO grades such as 16.73% over 32.85m (107.8 feet) and
13.87% over 52.6m (172.5 feet) (news release dated Feb 14, 2017). The Sharpe
Farm and Moody Hill areas reference historical occurrences with numerous
surface workings. Historical, non-NI-43-101 compliant tonnage and grade
calculations (from Sidwell, 1957) for the two occurrences are reported as
7,257,000 tons of 9% Mn and 9,071,847 tons at 9.5% Mn (such figures are
quoted historical values are not compliant with CIMM or equivalent guidelines
and are not to be relied upon see Historical Occurrences section below for
details).
All holes of the program, with the exception of SF17-14, encountered
significant amounts of manganese mineralization. The mineralization shows
good continuity and extends from surface to vertical depths of 170 meters
based on drilling.
Roger Dahn, VP Exploration and a director of the Company notes, "We are
encouraged by the presence of higher grade mineralization in the Moody Hill
area that is above the historical average grade indicated by Sidwell in 1957.
For example, hole SF17-16 that contains 17.37% MnO over 23.6 meters (77.4
feet) within a broader zone assaying 13.19% MnO over 44.6 meters (146.3
feet). The Company is exploring the property with the objective of potential
future development through low cost open pit mining. Higher grade areas such
as these may represent candidate "starter pit" locations. The
Company is also pleased to announce that it has requested proposals for the
completion of a preliminary solid model / grade-tonnage estimate and if
desired the subsequent completion of a NI 43-101 compliant mineral resource
estimate with updated technical report.
Conclusions and Highlights of the Program
Intersection widths of up to 54.1 meters or 177.5 feet (true width) and
MnO grades of up to 18.4% were encountered as shown in the Table below.
Zones of higher grade mineralization (14% to 18% MnO) are present such as
identified in holes SF16-8, SF17-12 and 15 to 18 from the Moody Hill
area.Mineralization remains open to depth and along trend or strike.The
manganese mineralization is interpreted to be hosted by a folded sedimentary
sequence with several horizons of mineralization. Significant mineralized
intervals are reported in Table below as core lengths and estimated true
thickness (where sufficient drill information permits). A map of the drill
hole locations can be viewed on the Company's website Manganese X Energy
appreciates and would like to acknowledge the financial support provided by
the Province of New Brunswick through the New Brunswick Junior Mining
Assistance Program (NBJMAP).
Historic Occurrences
The Houlton Woodstock manganese property contains historic workings
referred to as (from north to south) the Iron Ore Hill, Sharpe Farm and Moody
Hill Mn-Fe occurrences. Historical, non-NI-43-101, tonnage and grade
calculations for these occurrences are reported as 22,680,000 tons of 10% Mn,
7,257,000 tons of 9% Mn and 9,071,847 tons at 9.5% Mn respectively. The above
estimates are from Sidwell, 1957 using limited drilling and a widely spaced
gravity survey. The Company has not done enough work to verify these
resources, therefore the above resources are historical in nature and the
Company does not treat the historical estimates as current mineral resources
/ reserves as defined under NI 43-101.Such figures are quoted historical
values are not compliant with CIMM or equivalent guidelines and are not to be
relied upon. For further information, please refer to our NI 43-101 Technical
Report on our website www.manganesexenergycorp.com
or refer to our previous press release dated November 30, 2016.
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.
Thorough QA/QC protocols are followed including the insertion of blanks,
standards and duplicates at regular intervals in each sample batch. Drill
core is cut in half (longitudinally) with one half retained on site; the
other half comprising the samples were bagged, tagged, sealed and delivered
to Activation Laboratories Ltd's prep facility located in Fredericton, New
Brunswick. Assays were performed by Activation Laboratories Ltd using assay
total digestion XRF Fusion assay method (Code 4C) with detection limit for
MnO at 0.001%.
About Manganese X Energy
Manganese X Energy's mission is to acquire and advance high potential
manganese prospects located in North America 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 emanating with environmentally friendly
green/zero emissions processes and producing manganese at a lower competitive
cost.
