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MRG Metals Ltd.
Summary
| Project: | Corridor | |
|---|---|---|
| Deposit: | Koko Massava | |
| Location: | Mozambique | |
| Commodities: | Heavy Minerals | |
| Date: | 11/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-11-2019: MRG Metals Ltd. announces an Exploration/Drilling Update report for its Koko Massava deposit at the Corridor project. Auger drilling results incl. 10.5m @ 6.15% THM. 21 November 2019: Mozambique focused heavy mineral sands project developer MR | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Alvin (Internal) | |
| ABSTRACT: | 21 November 2019: Mozambique focused heavy mineral sands project developer MRG Metals (ASX: MRQ) (MRQ or the Company) is pleased to report further high grade assay results from ongoing auger drilling at its 100% owned high grade heavy mineral sands project, Koko Massava. As well as the continuation of high grade assays materialising, MRQ is pleased to confirm that the drilling underpins an expansion of the project’s high grade footprint beyond the 20km2 reported on 15 November. Results also confirm that the mineralisation is open in all directions and this high grade footprint will likely expand further and further underpins the significant potential for discovery of high grade, large tonnage heavy mineral sand (HMS) mineralisation. MRG Chairman Mr Andrew Van Der Zwan said: “Koko Massava continues to grow in terms of scale. As well, its high grade nature is reinforced by this next batch of outstanding assays. Also pleasing is the number of 10.5 metre auger drill holes that are ending in high grade mineralisation. We have every confidence that the project’s footprint will expand well beyond 20km2 . “Infill drilling is advancing well and this will likely be the catalyst that confirms continuity of the high grade throughout the large footprint we have defined. Beyond this, we have a project that is open in all directions and we reiterate that Koko Massava is likely to be another one of Mozambique’s very large and high grade heavy mineral sands deposits. We look forward to reporting more assays at a steady clip.” | |
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