Exploring for heavy mineral sands (HMS) in the world-class region of Mozambique, MRG Metals Limited (ASX:MRQ) received highly significant laboratory assay results from extension auger drilling on its first target within the Corridor Central tenement (6620L), Koko Massava.
The new auger data set for Koko Massava confirms the extension of the mineralised footprint to the east and southeast directions, further underpinning the significant potential for extension to HMS resource of 1,423 Mt @ 5.2% total heavy mineral (THM).
31 of the 38 holes attained an uncut average downhole grade >3% THM, wherein 5 of the 31 holes have an uncut average downhole grade of >5% THM. 17 holes end in ≥4% THM, 8 were collared at surface with grade ≥4% THM.
MRQ quoted $0.007 a share at 12:57 PM AEST.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
