The stock price of MGX Minerals Inc (OTCPK-MGXMF) has recently risen noticeably as it recorded a rise of 33.33% to $0.0600 at previous close. Over the last week, MGXMF stock’s performance has been 44.58% as compared to its monthly performance of 76.99%. MGXMF has experienced a surge in its share price due to its exploration plans.

Where is MGXMF planning to explore?

As a resource and technology company with a diverse portfolio of interests, MGX Minerals is engaged in advanced metals, industrial minerals, and energy technology. MGXMF engages in mineral resource acquisition, exploration, and development services, as well as industrial technology development. MGXMF is an investment and operating company specializing in mineral properties, including lithium, magnesium oxide, silica, niobium-tantalum, and gold properties located in Canada.

MGMXMF has 100% ownership in the Fran Property located in the Omineca Mining District, British Columbia; the Longworth Silica Property; the Wonah claims; the Alberta Lithium property; and the Gibraltar claims. The company also holds interests in Vibrant Silica Property, Sturgeon Lake Lithium Brine Property, REN mineral claims, and the Heino Money Gold Deposit.

In southern British Columbia, MGX Minerals is planning exploration on its LCT and Rubidium Property, which is 100% owned. Exploration of nuclear and space metals will be carried out as part of the plan. One rock sample of the pegmatite dike exhibited a caesium content of up to 0.111% and a lithium and rubidium content of over 0.2%, respectively, in 2013. A 2015 rock sampling resulted in lithium content of 1.72%, caesium of 0.124%, and rubidium of greater than 0.2%. It is estimated that the dike measures 65m in length and is roughly 3m to 6m wide.

Geology of the GC Project:

MGXMF’s claims are located in the Shuswap Metamorphic Complex on the southern flank of the Frenchman’s Cap gneiss dome. In addition to gneiss, quartzite, schist, calc-silicate rocks, marble, and argillite, easterly trending structures are also present. The folding and jointing of pegmatites and lamprophyre dikes are common on planes intruded by these dikes. A calc-silicate metamorphic and paragneiss complex overlies the area, which dates to the Proterozoic to Lower Paleozoic.

Pegmatites from the LCT in Canada:

Pegmatites associated with granites are called LCT pegmatites, a class of pegmatites that can be classified based on their petrogenetic character. Generally, they are made up of quartz, potassium feldspar, albite, and muscovite. Minerals commonly found as accessory minerals include garnet, tourmaline, and apatite. Lithium, cesium, tantalum, and niobium are all elements that can occur in LCT pegmatite deposits.

The exploration:

A detailed geological map and geochemical sample will be performed by MGX Minerals (MGXMF) before further drilling is carried out in order to visualize tantalum, niobium, titanium, caesium and rubidium potential.

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