Run of good results continues for MRG Metals, HMS target outlined at Marao

Heavy Mineral Sands (HMS) explorer MRG Metals Limited (ASX:MRQ) continues its exploration blitz to identify potential HMS targets. Within the new Marao (6842L) Licence, the initial reconnaissance grid auger drilling delivered early exploration victory in the initial 25 holes of an ongoing 395-hole program.

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Initial drilling results from Marao

Upon the conclusion of provincial government and local community meetings last month, MRG Metals commenced initial reconnaissance auger drilling on an approximate 500m by 1,000m grid at Marao.

The explorer has notched up some extremely successful results from the first 25 of the planned 395 holes at Marao. Besides, strong visually estimated (VIS EST) heavy mineral results from drilling close to the camp have delivered MRG Metals’ first HMS mineralised target at Marao - the Magonde Target (Figure 2).

• There is potential for higher grade mineralisation within this area.
• The holes were drilled as deep as possible for handheld augering.
• They are still in mineralisation at hole completion, displaying the significant potential for depth extension.

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Drilling location

An exploration base camp was constructed on site. Then, the company kicked off a reconnaissance hand auger grid drillhole program of around 395 holes at 500m X 1000m hole spacing. To date, 25 holes have been finalised.

The program was initiated in vicinity of the site where the Marao base camp was being constructed. This was done for logistical reasons, so that the onsite senior staff could conduct the drilling and simultaneously be involved in the camp construction, without significant travelling.

The exploration camp is now complete. Now, the auger drilling program’s focus will expand and begin in the south western sector of the Marao licence.

A VIS EST +3% THM target generated from the initial hand auger drilling close to the Exploration base camp area within Marao 6842, Source: MRQ announcement, Mar 2021

Way forward

Grab samples from surface were collected from two road building sand quarries within the Marao licence. These are currently being investigated for the mineral assemblage.

Further mineral assemblage examinations remain in pipeline. These would be conducted from material generated during the drilling program. This is likely to both define as well as quantify the Valuable Heavy Mineral content (of the Heavy Mineral Concentrate).

Besides, the explorer will shortly wrap up aircore infill drilling at Nhacutse high-grade target. Upon completion, the drill rig will be moved to a 30 drillhole infill aircore drilling program at the Koko Massava target.

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MRQ quoted $0.010, mid-day on 19 March 2021.