MRG Metals (ASX:MRQ) - Chairman, Andrew Van Der Zwan
Chairman, Andrew Van Der Zwan
Source: Andrew Van Der Zwan/LinkedIn
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  • MRG Metals (MRQ) begins a nine-hole aircore drilling program at three targets within its Marao heavy mineral sands (HMS) project in Mozambique
  • Three holes will be drilled at each target to test their depth continuity and follow up on previous high-grade total heavy minerals (THM) auger drilling results
  • MRG says it also intends using the aircore samples for mineralogical studies to further investigate previous valuable heavy minerals (VHM) content readings of 44.1 per cent to 50.05 per cent from grab samples at the Maduacua and Magonde targets
  • MRG shares trading flat at 0.9 cents

MRG Metals (MRQ) has begun a round of aircore drilling at its Marao heavy mineral sands (HMS) project in Mozambique.

The company said a total of nine holes totalling 350-400 metres would be drilled across the Magonde, Mandende and Maduacua prospects to test their depth continuity.

Magonde has a surface footprint of more than five square kilometres of visually estimated (VIS EST) three per cent total heavy minerals (THM) sand.

Auger drill holes at Magonde last year returned grades up to a VIS EST 5.1 per cent THM over 13.5 metres.

The Mandende target covers an area of more than nine square kilometres and returned the same auger results as Magonde.

Maduacua has a surface footprint of more than six square kilometres taking in a high-grade, VIS EST five per cent THM portion of about 3.5 square kilometres.

“The drilling program at Marao follows our successful grid auger drilling, which has identified high-grade zones down to 15 metres as well as enhanced valuable heavy minerals (VHM) content,” MRG Chairman Andrew Van Der Zwan said.

Samples from the aircore holes and relevant auger holes will be sent for analysis to a Perth-based laboratory.

MRG said it would also conduct mineralogical studies using the aircore samples to follow up on initial investigations from grabs samples from Maduacua and Magonde last year that showed VHM (ilmenite, altered ilmenite, rutile and zircon) content of 44.1 per cent to 50.05 per cent.

MRQ shares were flat at 0.9 cents at 3:05 pm AEDT.

MRQ by the numbers
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