VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / August 12, 2019 / MGX Minerals Inc. ("MGX" or the "Company") (CSE:XMG)(FKT:1MG)(OTCQB:MGXMF) is pleased to report drill results from the 2018/2019 exploration program at its 13,905 hectare Fran Gold Property ("Fran" or the "Property") located in the Omineca mining division of north-central British Columbia, just 30km southwest of the Mount Milligan Gold-Copper mine. Highlights from drilling include:

• 1.3 meters of 13.50 g/t Au from 235.0 to 236.3 meters in DDH FR18-94
• 2.23 meters of 23.26 g/t Au from 235.5 to 237.73 meters in DDH FR18-95
• 4.1 meters of 6.55 g/t Au from 138.25 to 142.35 meters in DDH FR18-96
• 1.0 meter of 21.0 g/t Au from 225.08 to 226.08 meters in DDH FR18-100
• 8.85 meters of 1.0 g/t Au from 265.00 to 273.85 meters in DDH FR18-100
• 0.80 meters of 8.38 g/t Au from 166.00 to 166.80 in DDH FR18-102

The C$1.9 million exploration program completed 16 NQ-size diamond drill holes across 5,653 meters (see Figure 1 and Table 1) as well as 18 kilometers of Induced Polarization surveys (see Figure 2). Based on the positive results, MGX is now planning a follow up seven-hole, 2,800 meter drill program to further delineate the SE and NW extensions of the high-grade Bullion Alley gold zone.

Discussion of Drill Results

Results from the Winter 2018/2019 exploration program at Fran verified continuity of the north contact at the Bullion Alley Zone. The contact zone between the intrusive monzonite and hornfels volcanic/sedimentary rocks host several sub-parallel gold bearing shear zones. Interpretation of the results suggest higher gold grades correlate with vein strike flexure and intersecting shears in this 200 X 250 m area, along with relatively consistent continuity down-dip to the north.

Approximately 75% of the gold enriched shear zones of Bullion Alley are hosted in porphyritic monzonite with the remaining 25% hosted in Inzana Formation (Takla Group) indurated volcanic and sedimentary lithologies. Several other syn to post-mineral vein types have been identified in drilling and in outcrops in the Bullion Alley zone. The best gold values are localized in areas of vein flexures where thickening of mineralized structures occur. These structures are associated with increased K-feldspar, magnetite, chlorite, silica, and carbonate alteration, and monzonite composition hornblende and plagioclase porphyry dyke/sill lithologies in Late Triassic-Early Jurassic porphyritic monzonite host-rock as well as hornfels in Inzana Formation (Takla Group) volcanic and sedimentary host-rocks.

Figure 1. Drill Hole Locations and Section Line

The table below reports 12 out of 16 drill hole intercepts >1 g/t Au as intersected interval lengths (not true width):

Table 1. Fran 2018-2019 DDH Interval Length Reporting >1g/t Au

DDH #	From (m)	To (m)	Interval m	g/t Au	% Cu
FR18-92	175.5	177.09	1.59	2.19	0.30
FR18-92	183.0	185.05	2.05	1.03	0.06
FR18-92	255.7	256.34	0.64	2.19	0.11
FR18-92	273.5	274.1	0.60	2.62	0.09
FR18-92	274.62	275.1	0.48	6.73	0.23
FR18-92	279.0	280.72	1.72	1.58	0.03
FR18-92	292.0	294.0	2.0	1.09	0.01
FR18-92	303.55	304.1	0.55	1.08	0.06
FR18-93	277.0	278.0	1.0	1.20	0.02
FR18-93	298.6	299.1	0.5	1.77	0.23
FR18-93	305.0	306.0	1.0	1.69	0.11
FR18-94	222.0	223.12	1.12	2.37	0.08
FR18-94	231.35	231.9	0.55	6.37	0.62
FR18-94	235.0	236.3	1.3	13.50	0.25
FR18-94	259.0	260.0	1.0	4.99	0.02
FR18-95	204.0	205.32	1.32	5.91	0.15
FR18-95	227.0	228.34	1.34	2.78	0.23
FR18-95	229.24	230.1	0.86	3.05	0.07
FR18-95	235.5	237.73	2.23	23.26	0.15
FR18-95	276.7	279.35	2.65	1.41	0.26
FR18-95	284.88	285.64	1.51	1.40	0.05
FR18-96	44.50	46.02	1.52	3.28	0.01
FR18-96	138.25	142.35	4.10	6.55	0.14
FR18-96	157.50	166.15	8.65	3.13	0.12
FR18-96	181.00	181.50	0.50	4.04	0.17
FR18-96	207.00	208.00	1.00	2.05	0.01
FR18-96	247.19	250.00	2.81	1.65	0.04
FR18-96	254.2	254.90	0.65	8.89	0.06
FR18-97	39.75	40.90	1.15	3.61	0.01
FR18-97	42.61	Share article: Watch latest videos Subscribe and Follow Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well. Subscribe Now News RELEASES Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star. More Information 60 ℉ Fair in Boston Business Section Wall Street makes solid gains techs lag NEW YORK, New York - U.S. stocks made solid gains on Tuesday, in their first trading session since last Friday. ... Macron to massively assist French automakers PARIS, May 26 (Xinhua) - French President Emmanuel Macron on Tuesday vowed to massively back the auto sector to help ... Asian stocks in demand, U.S. dollar sold off SYDNEY, NSW, Australia - Stocks in Asia charged ahead on Tuesday, adding to gains made on Monday."Investors are trying to ... HUAWEI WATCH GT 2e emerges as the bestseller on Flipkart New Delhi [India], May 26 (ANI/NewsVoir): Huawei Consumer Business group, India today announced that its latest smartwatch HUAWEI WATCH GT ... California avocado producers to benefit from U.S.-China trade deal LOS ANGELES, California - California avocados gained access to the Chinese market as a result of the China-U.S. phase-one economic ... Nikkei 225 jumps 353 points, stocks in China struggle SYDNEY, Australia - Tokyo and Sydney shares took off on Monday, and while stocks gained in Shanghai and Hong Kong, ... Massachusetts Section Tensions between Beijing and Washington add to world's Covid-19 woes BEIJING, China - China said on Sunday that its relations with the United States were "on the brink of a ... Field Hospital Suspends Admissions; New COVID-19 Cases Fall BOSTON - In another sign of progress in the battle against the spread of the coronavirus in Massachsuetts, a field ... NHL announces 24-team return in July or later The NHL will end its current hiatus with 24 teams resuming play in two hub cities as early as late ... McIlroy, Felix among made-for-TV stationary bike riders World number one golfer Rory McIlroy, NBA All-Star Gordon Hayward and six-time Olympic track champion Allyson Felix are among the ... Thousands Wait to Take US Citizenship Oath Amid Virus Delays BOSTON, MASSACHUSETTS - Wendy De Los Santos passed the test to become a U.S. citizen just days before government offices ... Shock defeat Mayhem in wild final to claim May Melee America The San Francisco Shock claimed first place at the American Region May Melee on Sunday, taking out the upstart Florida ... Movie Review Three Colors: Red (Trois couleurs: Rouge) Three Colors: Red (Trois couleurs: Rouge) [Blu-Ray]