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MRG Metals Ltd.

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Summary

Project:

Corridor

Deposit:Koko Massava
Location:Mozambique
Commodities:Heavy Minerals
Date:2/18/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:18-2-2020: MRG Metals Ltd. announces an Exploration/Drilling Update report for its Koko Massava deposit at the Corridor project. Drilling results incl. 54m @ 6.53% THM from 0m. MRG Metals (ASX Code: MRQ) is pleased to provide the final batch of laboratory
Resources:x
CP/QP:[Overall Report]: Mark Alvin (Internal)
ABSTRACT:MRG Metals (ASX Code: MRQ) is pleased to provide the final batch of laboratory assay results representing the remaining 38 aircore drill holes completed in 2019 on the Koko Massava prospect within the Corridor Central tenement (6620L). This final laboratory data set of aircore samples has delivered further high grade heavy mineral sand (HMS) intersections over significant lateral and vertical extents. This batch of results has also delivered the two best overall hole results for the entire program with hole 19CCAC161 assaying 54m @ 6.53% THM from surface to end of hole and 19CCAC159 with 51m @ 6.39% THM from surface to end of hole. The laboratory results are for a batch of 649 samples, including QAQC samples, from a total of 38 aircore drill holes. The hole numbers for samples returned in this batch include 19CCAC148–185 (Figure 1). Overall, the available laboratory data set shows the aircore holes noted above attained an uncut average downhole grade range of 2.40%–6.53% THM, from hole depths of that range from 24–69m. These results highlight the strong continuity of high grade 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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