Exploring for Heavy Mineral Sands (HMS) in the superlative region of Mozambique, MRG Metals Limited (ASX:MRQ) updated about exceptional Assay results from Poiombo, one of its targets within Corridor South tenement of its HMS project. This batch of results has also delivered the best overall Aircore drill hole results for entire Corridor Central and Corridor South project, with one hole (20CSAC355), assaying an uncut 36m @ 7.09% THM from surface to end of hole, two consecutive 3m sample intervals yielding >16% THM.
Overall, Aircore holes attained an uncut average downhole grade range of 1.79%–7.09% THM, highlighting strong continuity of high grade HMS mineralisation across strike and laterally in Poiombo.
Auger drill testing of remaining airborne anomalies is expected to conclude shortly. MRQ was trading at $ 0.009 at 12:16 PM AEST on 18 June 2020.
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