MRG Metals Illuminates Best Overall Aircore Drill Hole Results from Poiombo, Stock Soars

  • Jun 19, 2020 AEST
  • Team Kalkine

On 18 June 2020, MRG Metals Limited (ASX:MRQ) updated about exceptional Assay results from Poiombo, a target within Corridor South tenement of its heavy mineral sand (HMS) project in Mozambique. These results delivered the best overall drill hole findings (Aircore) for MRQ’s complete Corridor Central & Corridor South project.

On 19 June 2020, clarifying shareholder inquiry and affirming that results are indeed correct, MRQ notified that Aircore holes 20CSAC355 & 20CSAC356 contain thick intervals of excellent high grade HMS mineralisation.

  • 20CSAC355- uncut downhole average of 7.09% total heavy mineral (THM) over 36m from 0–36m
  • 20CSAC356- average uncut result of 51m @ 5.40% THM

The Company continues to grow the number of follow up high grade targets. MRQ was trading up by 12.5%, quoting $ 0.009 (11:53 AM AEST) on 19 June 2020.


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