- MRG Metals (MRQ) delivers “excellent” results its reconnaissance 10 aircore hole drilling program at the Marao heavy mineral sands (HMS) project in Mozambique
- The company drilled over 340 metres across the Magonde, Mandende and Maduacua prospects, testing their depth continuity with over 256 samples analysed
- Currently, MRG is awaiting results from a mineralogical study of 14 samples from the aircore drilling and will then plan the next step of drilling at Marao
- Shares in MRG Metals hold steady at 0.8 cents as of 2:39 pm AEST
MRG Metals (MRQ) has delivered its latest assays, indicating “excellent” results from the company’s reconnaissance 10 aircore hole drilling program at the Marao heavy mineral sands (HMS) project in Mozambique.
The company drilled a total of 340.5 metres across the Magonde, Mandende and Maduacua prospects, testing their depth continuity with over 256 samples analysed.
These results include 27m at 6.04 per cent tonnes of heavy metal (THM) including nine metres at 9.93 per cent THM at Magonde 22MUAC003 and 45m at 3.65 per cent THM include 7.5m at 7.12 per cent THM at Mandende 22MUAC008.
At Maduacua, the best results include 45m at 3.37 per cent THM and 28.5m at 3.07 per cent THM.
Currently, MRG is awaiting results from a mineralogical study of 14 samples from the aircore drilling and will then plan the next step of targeted aircore drilling at Marao.
Chairman Andrew Van Der Zwan said the results further support our belief that this project has great potential to deliver the HMS mineral resources.
“We eagerly await the results of the mineralogical study, from which that point we can finalise our next stage of aircore target drilling Marao.
“Having only commenced our exploration at Marao last year, the results to date prove it to be a significant addition to our already impressive HMS portfolio in Mozambique where we continue to grow our Mineral Resource inventory.”
Shares in MRG Metals held steady at 0.8 cents as of 2:39 pm AEST.