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MRG Metals Ltd.
Summary
| Project: | Corridor | |
|---|---|---|
| Deposit: | Koko Massava | |
| Location: | Mozambique | |
| Commodities: | Heavy Minerals | |
| Date: | 12/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-12-2019: MRG Metals Ltd. announces an Exploration/Drilling Update report for its Koko Massava deposit at the Corridor project. Drilling results incl. 24m @ 7.19% THM from 3m. MRG Metals (ASX Code: MRQ) is pleased to provide the first highly significant | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Alvin (Internal) | |
| ABSTRACT: | MRG Metals (ASX Code: MRQ) is pleased to provide the first highly significant laboratory assay results from aircore drilling on the Koko Massava target within the Corridor Central tenement (6620L). This first aircore laboratory data set for Koko Massava has confirmed the significant lateral and vertical extent of the mineralised footprint and further underpins the significant potential for definition of a high grade, large tonnage heavy mineral sand (HMS) mineral resource. The laboratory results are for a batch of 202 samples, including QAQC samples, from a total of 16 aircore holes. The hole numbers include 19CCAC104 to 19CCAC119 (Figure 1). The results do not represent a complete set of samples from each hole, with the remainder of samples to be assayed in the near future. For holes 19CCAC104 to 19CCAC111 the results received to date are too incomplete to be included here in Table 1 and Figure 1. The assays required to complete these holes will be included in the 3rd Batch of Aircore samples due to leave Mozambique after permitting is completed. Drillholes 19CCAC112 – 119 are only pending the 0-3m sample interval and are considered to be complete enogh to include in Table 1 and Figure 1. The line of 8 holes marked on Figure 1 provide an almost complete picture of the significance of the HMS mineralisation. Overall, the available laboratory data set shows the aircore holes noted above attained an uncut average downhole grade 3.70% - 6.23% THM, with hole depths ranging from 51 – 75m. These results highlight the robust nature of the HMS mineralisation in the Koko Massava area that begins near surface and continues to the end of hole in numerous cases. | |
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