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MRG Metals Ltd.

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Summary

Project:

Corridor

Deposit:Poiombo
Location:Mozambique
Commodities:Heavy Minerals
Date:6/18/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:18-6-2020: MRG Metals Ltd. announces an Exploration/Drilling Update report for its Poiombo deposit at the Corridor project. Drilling results incl. 36m @ 7.09% THM from 0m. MRG Metals (ASX Code: MRQ) is pleased to provide the first laboratory assay results
Resources:(not mentioned in this report)
CP/QP:[Overall Report] Mark Alvin (Internal)
ABSTRACT:MRG Metals (ASX Code: MRQ) is pleased to provide the first laboratory assay results for 10 reconnaissance aircore drill holes completed in March 2020 on the Poiombo target, within the Corridor South tenement (6621L). These new laboratory assays of aircore samples have delivered excellent high grade heavy mineral sand (HMS) intersections over significant lateral and vertical extents. This batch of results has also delivered the best overall aircore drill hole results for the entire Corridor Central and Corridor South project areas with hole 20CSAC355 assaying an uncut 36m @ 7.09% THM from surface to end of hole, with two consecutive 3m sample intervals yielding >16% THM. The laboratory results are for a batch of 146 samples, including QAQC samples, from a total of 10 aircore drill holes comprising 420m. The hole numbers for samples returned in this batch include 20CSAC348–357 (Figure 1).

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