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Be the first with the news that moves the market- StrategX Elements (STGX) has extended the energy metals mineralization at its Nagvaak property in Nunavut
- The holes indicated the presence of continuous intervals of polymetallic mineralization which have been confirmed and increased in width and at depth
- Minerals found include nickel, vanadium, copper, molybdenum, zinc, silver, and platinum group elements
- Known anomalies coincided well with the mineralization, which will guide further expansion drilling
- StrategX Elements (STGX) is up 30.00 per cent and is trading at $0.39 per share as of 1:22 p.m. EST
StrategX Elements (STGX) has extended the energy metals mineralization at its Nagvaak property in Nunavut.
The recent results are for drill holes one and two, which were drilled in target area four on the property. The holes suggested the presence of continuous intervals of mineralization, which have been confirmed and increased in width and at depth. Minerals found include nickel, vanadium, copper, molybdenum, zinc, silver, and platinum group elements.
Continuous intervals of mineralization confirmed
Specifically, nickel grades have increased at depth to 86.5 metres in hole one with 0.50 per cent nickel over seven metres and ended in strong mineralization. Vanadium zones were also defined over wide intervals with values over 0.30 per cent.
The company stated that known anomalies coincided well with the mineralization. This information will guide drilling to expand targets on the property. As a result, proposed drill holes have been planned to expand the mineralized zones discovered in target areas one and four.
According to the company, there may also be potential for additional mineralized zones in both holes which may return anomalous values in energy metals.
A new shift in leadership
In other news, StrategX has brought on Gary Wong, an experienced geologist, as its new Vice President of Exploration. Furthermore, the company has said goodbye to Freeman Smith, the previous Vice President of Exploration.
StrategX Elements (STGX) is up 30.00 per cent and is trading at $0.39 per share as of 1:22 p.m. EST.
