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MRG Metals Ltd.
Summary
| Project: | Yardilla | |
|---|---|---|
| Deposit: | Ommaney | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Tellurium-Tungsten-Lead-Arsenic-Bismuth-Molybdenum-Zinc | |
| Date: | 1/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-1-2017: MRG Metals Ltd. announces an Exploration/Drilling Update report for its Ommaney deposit at the Yardilla project. Drilling results incl. 1m @ 0.529ppm Au from 233m. Initial assay results from drilling at Yardilla in 2016 indicate that the strong | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Benjamin McCormack (Not stated) | |
| ABSTRACT: | Initial assay results from drilling at Yardilla in 2016 indicate that the strong to intense alteration zone in YRDH-003A (Ommaney Prospect) delivered low level gold mineralisation (peak of 1m @ 0.5ppm Au from 233m) and anomalously elevated pathfinder elements including peaks 52ppm As, 23.1ppm Bi, Mo, 449ppm, 1.4ppm Te (Tellurium), and 370ppb Au (Gold), 5g/t Ag (Silver), 52ppm As (Arsenic), 23.1ppm Bi (Bismuth), 25ppm Mo (Molybdenum), 449ppm Pb (Lead), 3,650ppm Zn (Zinc) and very high 1,910ppm W (Tungsten). Elevated Tungsten is particularly interesting due to the relationship between the mineral Scheelite and high economic-status Archean gold deposits around the World. This initial mutli-element assay data was analysed using Sasak’s AGLADS (Archean Gold Lode Alteration Detection System) which compares the multi-element geochemical signature of samples with rocks from different parts of the ore zones, proximal and distal alteration zones and host rocks of dozens of well-known and well-studied Archean lode gold deposits across Australia. AGLADS has classified the core of the alteration zone in YRDH-003A as Proximal to Archean lode gold mineralisation, confirming MRG’s interpretation of this alteration system as closely-related to gold mineralisation. The section above shows the intervals of core classified by Sasak’s AGLADS multi-element analysis as Proximal to mineralisation, superimposed on the alteration zones interpreted from logging. The consistency between classified and logged intervals of strong to intense alteration in core is clear and this zone also corresponds to the surface multi-element anomaly that was the original target of drilling in 2016. The lack of disseminated gold mineralisation in YRDH-003, coupled with the results from multielement analysis, leads towards the interpretation that a gold-rich zone at Ommaney is in close proximity to this initial drill hole, somewhere within the wider alteration system identified. | |
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