MRG Metals Announces March 2020 Quarterly Report

  • Apr 30, 2020 AEST
  • Team Kalkine

Exploring for economic deposits of Heavy Mineral Sands in the southern part of Mozambique, MRG Metals (ASX:MRQ) was focussed on the Corridor Central (6620L) and Corridor South (6621L) tenements of its HMS Projects during the quarter ended 31 March 2020.

In 6620L, remaining laboratory assays for 74 Aircore drill holes from Koko Massava were received. Assay data from 82 Aircore and 77 Auger holes were sent for MRE study by IHC Robbins in Perth, which was concluded during the quarter with maiden JORC mineral resource announced.

IN 6621L, very high grade, strandline style HMS mineralisation was intersected in a recent Aircore drilling at Poiombo which delivered significant visually estimated results. Moreover, the hand Auger drilling at Nhacutse identified a visually estimated mineralised footprint measuring 12 square km and delivered significant visually estimated results.

Exploration strategy was reviewed and restated during the quarter, and the Koko Massava Maiden resource allows continued exploration possibilities across the corridor tenements.

MRQ was trading up by 16.66 % at 12.15 PM AEST on 30 April 2020.

 


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