MRG Metals (ASX:MRQ) reports ‘excellent’ analytical results following an aircore (AC) drilling program within its 100%-owned Marao (6842L) heavy mineral sands (HMS) licence in Mozambique.
The results, generated by 10 AC drill holes targeting three HMS targets at Marao, have delivered ‘high-grade’ analytical intercepts with key intercepts including:
- Hole 22MUAC003: 27.0m @ 6.04% THM, incl. 9.0m @ 9.93% THM (Highest individual 1.5m interval grade of 13.49% THM)
- Hole 22MUAC008: 45.0m @ 3.65% THM, incl. 7.5m @ 7.12% THM (Highest individual 1.5m interval grade of 10.63% THM)
- Hole 22MUAC001: 37.5m @ 3.04% THM
- Hole 22MUAC006: 45.0m @ 3.37% THM
- Hole 22MUAC007: 28.5m @ 3.07% THM
Addressing the results, MRG Metals Chairman Andrew Van Der Zwan stated: “These latest results in from Marao further support our belief that this project has great potential to deliver HMS Mineral Resources of equivalent THM grade and higher VHM percentage than that which we have already reported from Koko Massava, Nhacutse and Poiombo deposits.
Excitingly, with the results of hole 22MUAC003, Magonde is now established as a very high-grade (>6% THM) target.
“We eagerly await the results of the mineralogical study”
We eagerly await the results of the mineralogical study, from which point we can finalise our next stage of aircore target drilling Marao.
Having only commenced our exploration at Marao last year the results to date prove it to be a significant addition to our already impressive HMS portfolio in Mozambique where we continue to grow out Mineral Resource inventory.”
The company also notes that the results gathered from the HMS drilling have successfully confirmed again the effectiveness of its auger drilling exploration technique.
In addition, the recent results have established the Magonde deposit as a ‘very high-grade’ (>6% THM) target and has confirmed mineralisation from surface up to 45m depth.
The Marao Project boasts the potential to deliver HMS Mineral Resources of equivalent THM grade and higher VHM % than the Koko Massava, Nhacutse and Poiombo deposits.
The two Marao and Marruca projects are located in Mozambique and comprise a total land tenure of 385km-square between its three priority targets of Magonde, Mandende, and Maduacua, which are 100%-owned by MRG.
The Marao project currently consists of 75km strike of interpreted palaeocoastline and is 30km from strike in the same paleo dune system as the ‘world-class’ Corridor Sands Operation.
With drilling results finalised and returned, MRG announces that it has moved forward with a mineral assemblage investigation for 14 composite samples taken from representative lithologies of the three targets.
Image: MRG Metals Ltd
