Manganese X Energy Advances Battery Hill Project with New Drill Results

Manganese X Energy (TSXV: MN) has shared the final results from its recently concluded drill program at the Battery Hill project in New Brunswick. This marks a crucial step ahead of the upcoming pre-feasibility study.

CEO Martin Kepman stated, “The pre-feasibility study is a strategic step in advancing mine permitting, de-risking the project, and guiding forward planning. Our latest drill program, coupled with upcoming community engagement and environmental and geotechnical studies, is integral to this process.”

He noted the growing importance of critical minerals in Canada, emphasizing that the Battery Hill project is well-positioned to contribute significantly to the North American supply chain for manganese.

Notable Findings and Drilling Achievements

The recent results include assays from 12 drill holes, which have confirmed strong mineralization in crucial areas. Manganese oxide (MnO) grades reached as high as 15.7%. Overall, this adds to the company’s total drilling of 104 holes, amounting to around 17,000 meters since 2016.

This drill program focused on both infill and expansion drilling. The goal was to upgrade inferred resources to measured and indicated categories, which will support the forthcoming pre-feasibility study (PFS). The firm expects significant resource increases, driven by the newly identified Moody northwest zone and the expanded Sharpe Farm zone, where mineralization reached up to 72.6 meters in core thickness.

Upcoming Resource Estimate

An updated NI 43-101-compliant mineral resource estimate by Mercator Geosciences is currently in progress. Perry MacKinnon, Manganese X’s vice president of exploration, highlighted the drilling achievements: “We have defined the Battery Hill orebody with high confidence. Most resources are classified as measured and indicated, which is a necessary step for future conversion to proven and probable reserves during economic evaluation.”