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MRG Metals Ltd.
Summary
| Project: | Norrliden | |
|---|---|---|
| Deposit: | Norrliden | |
| Location: | Sweden | |
| Commodities: | Gold-Silver-Zinc-Lead | |
| Date: | 2/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-2-2018: MRG Metals Ltd. announces an Exploration/Drilling Update report for its Norrliden deposit at the Norrliden project. Drilling results incl. 26.6m @ 0.03g/t Au, 1.62g/t Ag, 0.21% Zn, 0.02% Pb from 101.4m. MRG Metals Limited (ASX: MRQ) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Amanda Scott (Scott Geological AB) | |
| ABSTRACT: | MRG Metals Limited (ASX: MRQ) is pleased to provide an update on exploration activities from the Company’s Norrliden Project located in northern Sweden. Diamond Drilling-Assay Results • Södra A single diamond drillhole (NOR17003) was successfully completed at the Norrliden Södra prospect during November. NOR17003 is located (refer Figure 1) 130m southeast of NOR17001 (8m @ 2.3g/t Au, 130 g/t Ag, 0.46% Zn, 0.21% Pb (from 45m)) and was designed to test the modelled down-plunge position of the historic fixed-loop electromagnetic (EM) conductor. NOR17003 was drilled to a total depth of 201.5m and intercepted both basaltic and rhyolitic volcanoclastics. Pervasive chlorite-silicasericite alteration within both units was coincident with visible sulphide mineralisation including pyrite, pyrrhotite, arsenopyrite and sphalerite. Assay results for NOR17003 have now been returned which include a broad, significant intercept of: o 26.6m @ 2110ppm Zn, 299ppm Pb, 1.62g/t Ag and 0.03g/t Au from 101.4m. Whilst the tenor of the mineralisation in NOR17003 was less than that intercepted in NOR7001, MRG is encouraged that the mineralisation at Södra has now been identified over a strike distance of approximately 150m and is open at depth and along strike in both directions. Geophysics • DHEM DHEM surveying of NOR17001 was successful and has identified a late-time off-hole conductor (500 Siemens) at approximately 65m depth. The conductor is centred below the current hole in a down-dip position (refer Figure 2). Whilst the model is largely unconstrained given the single drillhole, the modelling suggests a depth extent of at least 150m. | |
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