MRQ’s Latest High-Grade HMS Zone Zulene Delivers New High of Estimated Avg THM Grade

  • Jun 02, 2020 AEST
  • Team Kalkine

As reconnaissance Auger drilling continues on anomalies in MRG Metals Limited’s (ASX:MRQ) Heavy Mineral Sands (HMS) enriched Corridor HMS District in Mozambique, another zone of high grade HMS has been unveiled by the Company- Zulene Anomaly.

“Exceptional results”, as Chairman Andrew Van Der Zwan calls them, shows >5 % visual THM, a new high in terms of estimated average THM grade of 8.7 % in hole 20CSHA413, which is the highest to date within the Company’s Corridor District.

The early field exploration provides strong support for the Company’s geophysical analysis and demonstrates the widespread HMS ability of the Corridor Sands province.

MRQ was trading up by 20 % at $ 0.006 on 2 June 2020 (11:55 AM AEST).

 


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