Menu

MGX Minerals Acquires Lisbon Valley Petro Lithium Project in Utah

February 2, 2017 - releases
MGX Minerals Acquires Lisbon Valley Petro Lithium Project in Utah

MGX Minerals Inc.(CSE:XMG) is pleased to announce it has acquired the Lisbon Valley petro lithium project (the “Project”) located in the Paradox Basin, Utah.

The Project includes 888 placer mineral claims inclusive of lithium brine mineral rights covering the majority of the Lisbon Valley oil and gas field (see Figure 1), where historic lithium brine content has been reported as high as 730 parts per million lithium (Superior Oil 88-21P).

“This recent acquisition in the Paradox Basin is strategic for MGX. These claims cover the majority of the Lisbon Oilfield placing MGX as a major player in oilfield lithium brine in the United States,” stated MGX Chairman Marc Bruner.
read more

-->