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MRG Metals Ltd.
Summary
| Project: | Corridor | |
|---|---|---|
| Deposit: | Koko Massava | |
| Location: | Mozambique | |
| Commodities: | Heavy Minerals | |
| Date: | 2/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-2-2020: MRG Metals Ltd. announces an Exploration/Drilling Update report for its Koko Massava deposit at the Corridor project. Drilling results incl. 57m @ 5.92% THM. MRG Metals (ASX Code: MRQ) is pleased to provide the third highly significant laborator | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Alvin (Internal) | |
| ABSTRACT: | MRG Metals (ASX Code: MRQ) is pleased to provide the third highly significant laboratory assay results from aircore drilling on the Koko Massava prospect within the Corridor Central tenement (6620L). This third laboratory data set for aircore samples from Koko Massava continues to deliver high grade heavy mineral sand (HMS) intersections over significant lateral and vertical extent. The quantitative results continue to closely mirror the qualitative field analyses and support the Company’s confidence is the significant size of the mineralised footprint. The laboratory results are for a batch of 340 samples, including QAQC samples, from a total of 30 aircore drill holes. The hole numbers for samples returned in this batch include 19CCAC104–111 and 19CCAC135–148 (Figure 1). Samples from the first interval (0-3m) of each of the holes 19CCAC112– 119 (refer announcement 16 December 2019) were also returned in this batch and therefore those holes are now completed and also reported here. Overall, the available laboratory data set shows the aircore holes noted above attained an uncut average downhole grade range of 3.07%–5.92% THM, from hole depth range of 24-69m. 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. Based on the data set currently available, the surface footprint of the zone of high grade HMS mineralisation >5% THM is up to 7km in strike and 1.5km in width (Figure 1). | |
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