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
ALS (ASX:ALQ) - Managing Director & CEO, Raj Naran

" ALS (ASX:ALQ) acquires MinAnalytical for $39m

Global testing, inspection and certification business ALS (ASX:ALQ) has acquired MinAnalytical for $39 million.
SRG Global (ASX:SRG) - Managing Director, David Macgeorge

" SRG Global (ASX:SRG) wins $95m contract with Alcoa

SRG Global (ASX:SRG) has won a $95 million civil maintenance term contract with aluminium company Alcoa.
Kleos Space (ASX:KSS) - Chair, Peter Round

" Kleos Space (ASX:KSS) nominates experienced executive as Independent Non-Executive Director

Kleos Space (ASX:KSS) has nominated highly experienced space industry executive Dawn Harms as an Independent Non-Executive…

" FBR (ASX:FBR) secures financing from FC Capital

FBR (ASX:FBR) has entered a research and development (R&D) tax loan facility with FC Capital.