Manganese X Energy Corp (TSX-V:MN, OTCQB:MNXXF) said it has advanced significantly at its wholly owned Battery Hill manganese deposit, making a crucial step toward the prefeasibility stage.
Diamond drilling so far has yielded exceptional results, the company said.
Highlights include 29.1 metres (m) of 14.4% manganese oxide (MnO) starting at 90.5m in SF23-73 and 80.3m of 11.5% MnO including 32.2m of 16.9% MnO starting at 7.8 metres in SF23-76.
Other highlights include 60.6m of 11.0% MnO starting at 29.4m, including 47.5m of 20.4% MnO in SF23-80, 73.6m of 10.7% MnO starting at 67.5m, including 29.1m of 13.8% MnO in SF23-90, 45.9m of 12.9% MnO starting at 33.1m and 31.1m of 11% MnO starting at 104.3m in SF23-91 and 44.2m of 11.1% MnO starting at 23.8m in SF23-92.
Manganese X said it has expanded the overall mineralization with the discovery of two new zones, Sharpe Farm West Peripheral and Moody Hill Northwest, west of the main deposits.
"The remarkable continuity observed within the manganese horizons during the 36-hole infilling drill program at Battery Hill is truly exciting. We eagerly await the updated mineral resource estimate, which, combined with our ongoing environmental and geotechnical studies, are pivotal milestones in our preparation for the upcoming pre-feasibility study and Environmental Impact Assessment,” CEO Martin Kepman said in a statement.
“We extend our sincere appreciation to the private landowners for their support and engagement throughout the drilling program and the environmental activities. As we progress with this 'green energy' project, we remain committed to fostering continuous communication and collaboration with the local communities and First Nations."
The company added that most of the targets are near vertical and all but one hole was drilled at 45 degrees. True widths are estimated to range from 65-80% of core length.
Manganese X is looking to advance its Battery Hill project into production, becoming the first publicly traded manganese mining company in Canada and the United States to commercialize electric-vehicle-compliant high-purity manganese, potentially supplying the North American supply chain.
Contact the author at jon.hopkins@proactiveinvestors.com