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.
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