MANGANESE X AWARDS CONTRACT TO MERCATOR GEOLOGICAL SERVICES LIMITED TOWARDS A NI 43-101 MINERAL RESOURCE ESTIMATE AT BATTERY HILL
Manganese X Energy Corp. has commissioned a mineral resource estimate and technical report in accordance with National Instrument 43-101 on its Battery Hill manganese property located in Carleton county, five kilometres northwest of Woodstock, N.B.
The resource estimate and NI 43-101 report will be prepared by Mercator Geological Services Limited (Mercator) of Dartmouth Nova Scotia a geological firm with broad experience in NI-43-101 Technical Reporting and resource estimation. Manganese X has retained Mercator to carry out an independent technical study of Battery Hill in particular to examine Manganese’s confirmation drilling programs consisting of 25 holes totaling 5188 meters prior to preparing the mineral resource estimate. The Company has determined that the Battery Hill manganese technical project will consist of the following two main phases:
Phase 1 Preliminary deposit modelling, consisting of the completion of preliminary solid modelling and grade/tonnage block model estimates. The primary objective of this phase is to establish the magnitude of potential resources and implement, if necessary, additional recommendations in preparation for an estimate and associated technical report in accordance with NI 43-101. The Company intends to progress to Phase 2 after Mercator has completed Phase and provided associated comments and recommendations.
Phase II Completion of a NI 43-101 mineral resource estimate based on the results of Phase 1 and the completion of data validation and verification, QAQC review, a site visit, and an accompanying Technical Report. “Engaging Mercator Geological represents another important step in the development of our Battery Hill manganese project,” said Martin Kepman Chief Executive Officer “We have been working to expedite the development of this project and are excited to have a strong independent firm complete a National Instrument 43-101 Technical Report and resource estimate.”
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