The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

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 Online

AML3D secures Australian defence government contract

AML3D signed a contract with the Australian Government Defence Science and Technology Group (DSTG) to supply…

Purifloh makes progress on destroying PFAS ‘forever chemicals’

PFAS substances are sometimes called "forever chemicals," for they don't break down naturally in the environment.…

SRG Global secures $150m in new contracts across Australia

SRG Global (ASX:SRG) reaffirmed its strong presence in the Australian market by acquiring multiple contracts for…

HighCom inks fresh body armour order worth $4.7M

HighCom – formerly known as XTEK – has announced its receipt of a contract order for…