From its Corridor South tenement (6621L) of the lucrative Heavy Mineral Sands (HMS) Corridor Projects, MRG Metals Limited (ASX:MRQ) has provided significant laboratory assay results from auger drilling on Nhacutse and Bungane targets that confirms previous visual estimate data and further underpins significant potential for definition of a new high grade HMS resource at Nhacutse.
Lab results show that all 50 holes attained an uncut average downhole grade >3% THM, with 32 holes having an uncut avg downhole grade of >4% THM and 11 holes with >5% THM. 16 holes end in ≥5% THM, 7 holes were collared at surface with grade ≥5% THM.
Results confirm about a new high grade HMS mineralised zone emerging at Nhacutse, open in all directions at >4% THM, with a significant higher-grade core >5% THM. At Bungane, lab results confirm the highest-grade auger hole collared at surface in >7% THM.
MRQ was trading up by 11.11 % at $ 0.010 at 11:44 AM AEST on 3 July 2020.
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