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MRG Metals Ltd.
Summary
| Project: | Corridor | |
|---|---|---|
| Deposit: | Corridor South, Poiombo | |
| Location: | Mozambique | |
| Commodities: | Heavy Minerals | |
| Date: | 3/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-3-2020: MRG Metals Ltd. announces an Exploration/Drilling Update report for its Corridor South, Poiombo deposit at the Corridor project. Drilling results incl. 36m @ 5.4% VIS EST THM from 0m. A reconnaissance phase aircore drill program comprising 10 h | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Alvin (Internal) | |
| ABSTRACT: | A reconnaissance phase aircore drill program comprising 10 holes has now been competed at the Poiombo target (TMI anomaly 10 – refer Announcement 13 June 2019) at the Corridor South project. Initial visual results of the Total Heavy Mineral (THM) grades are very significant, with 4 of the 10 holes intersecting grades, that suggest strandline style mineralisation. Two holes (20CSAC352 and 20CSAC356) yielded individual 3m sample intervals with visual estimated grade >10% THM, with the best interval having an estimated THM grade of 19.5%. These very high estimated THM grades at Poiombo confirm the discovery of a zone of heavy mineral sand mineralisation that is both laterally extensive and can extend from surface to depths of >30m. The aircore program was designed to follow-up the excellent visual estimates of THM grade from hand auger holes over the central, eastern and western sections of the Poiombo target (refer Announcement 4 March, 2020). A total of 420m was drilled in the 10 holes (20CSAC348 to 20CSAC357) with the collection of 146 samples, including QA/QC samples. Hole depths range from 36m–51m deep, with an average depth of 42m (Table 1). | |
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