Market Herald logo


Be the first with the news that moves the market

MRG Metals has completed its airborne magnetic and radiometric geophysical survey on time and on budget. The airborne survey was overseen by geophysical contractor Geotech Limited on April 7.

The initial analysis identified abnormal zones, in both the magnetic and radiometric data zones. Further drilling and scaling are required to allow identification of subtle features with high-intensity magnetic anomalies.

Sixteen holes were completed before the Easter break with 181.5 meters of drilling with an average depth of 11.3 meters and 130 samples collected.

The next auger drilling program will focus on areas with high-grade drill results. A full technical analysis will be completed after data leveling and scaling. The technical manager will commence the export process for the initial auger sample for a heavy liquid separation analysis.

Data will be released once compilation and validation are completed.

Please find the announcement here

MRQ by the numbers
More From The Market Herald

" CIM propose $840M 2019 profits with digital shift

CIMIC Group Executive Chairman expects a 2019 performance of $790m  million $840 million.

" Scheme order issues $400M in annual income

Doray Minerals Limited has announced orders made by the Supreme Court of Western Australia on 28 March 2019, which approved a share and

" Orion raise $8M ahead of BEE project re-structure

Orion Minerals Limited has received commitments from sophisticated and professional investors to raise $8 million at $0.04 per share.

" E2 Metals raise $2.2M for Argentina drill program

Aussie explorers E2 Metals has secured $2.2 million in funding to accelerate drilling.