https://www.engineeringnews.co.za

MGX receives approval to conduct 3D seismic survey

1st February 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

JOHANNESBURG (miningweekly.com) - Diversified Canadian resource company MGX Minerals' partner has received approval from the State of Utah's Division of Oil, Gas and Mining to conduct a three-dimensional (3D) geophysical survey on the Blueberry Unit at its Paradox basin petrolithium project.

The company on Wednesday noted that the survey would outline subsurface geological formations and structures favourable for accumulations of oil and gas, as well as lithium brine-bearing formations.

The project represents the first large-scale integrated petroleum and lithium exploration project in the US and is located close to the Lisbon Valley oilfield within the Paradox basin, which has shown historical brine content as high as 730 ppm lithium.

The project was being simultaneously explored for oil, gas, lithium and other brine minerals as part of the company's exploration, testing and analysis strategy to determine locations for deployment of the company's lithium and mineral extraction clean technology.

MGX is currently working to earning a 75% interest in the project, with the remaining interest primarily controlled by a private Utah corporation.

MGX further notes that it may decide to advance its petrolithium projects into production without first establishing mineral resources supported by an independent technical report or completing a feasibility study.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.072 0.122s - 156pq - 2rq
Subscribe Now