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MRG Metals (ASX:MRQ) - Chairman and Non Executive Director, Andrew Vanderzwan
Chairman and Non Executive Director, Andrew Vanderzwan
Source: Andrew Van Der Zwan/LinkedIn
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  • MRG Metals (MRQ) confirms three high-grade mineralised zones at the Koko Massava prospect in Mozambique
  • The zones cover a combined area of 1.8 square kilometres that remains open and has grades of more than six per cent total heavy minerals
  • MRG will use the results in an upcoming mineral resource update for Koko Massava which may be followed by maiden resource estimates for the Nhacutse and Poiombo deposits
  • Company shares are trading in the grey at 0.9 cents at 3:08 pm AEDT

MRG Metals (MRQ) has released some assay results from a 34-hole aircore drilling program conducted at the Koko Massava prospect in Mozambique.

The results have confirmed the presence and position of three high-grade total heavy mineral (THM) zones. These cover a combined area of about 1.8 square kilometres and remain open to the east.

These mineralised zones are located between the towns of Malahice and Koka Massava and lie within the Koka Massava Inferred Mineral Resource area which contains 60 million tonnes of THM.

Seven of the holes assayed over six per cent THM, with an additional six holes returning grades between 5.5 and 6 per cent THM.

Significant results included 58.5 metres at 5.77 per cent THM including 16.5 metres at 10.75 per cent THM, 19.5 metres at 6.2 per cent THM, and 28.5 metres at 5.38 per cent THM including 18 metres at 6.27 per cent THM.

Chairman Andrew Van Der Zwan was pleased with the results.

“Our infill and expansion drilling program at Koko Massava has continued to deliver excellent results, with the latest assays confirming three very high-grade 6 per cent THM mineralised zones located between the towns of Koko Massava and Malahice,” Mr Van Der Zwan said.

MRG Metals will use the results in an upcoming mineral resource update for Koko Massava which may be followed by maiden resource estimates for the Nhacutse and Poiombo deposits.

Company shares were trading in the grey at 0.9 cents at 3:08 pm AEDT.

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