- MRG Metals (MRQ) has reported further significant assay results from extension auger drilling at the Koko Massava deposit in Mozambique
- Auger drilling aimed to test the extension of the mineral resource announced late last month
- Pleasingly, latest assays confirm the extension of the mineralised footprint to the east and southeast directions
- Company shares are trading flat at 0.7 cents each
MRG Metals (MRQ) has reported further significant assay results from extension auger drilling at Koko Massava, within the Corridor Central tenement in Mozambique.
The auger drilling was part of a program designed to test for extensions to Koko Massava’s mineral resource, which was reported last month.
MRG reported a total JORC Mineral Resource of 1423 million tonnes at 5.2 per cent of total heavy minerals (THM), using a cut-off grade of four per cent THM.
This includes an indicated mineral resources of 289 million tonnes at 4.9 per cent of THM and an inferred mineral resource of 1133 million tonnes at 5.3 per cent of THM.
From the latest results, the most significant include 12 metres at 7.68 per cent THM from surface and ended in 7.69 per cent THM, 12 metres at 5.58 per cent THM from surface and ended in 5.86 per cent THM, and 12 metres at 5.12 THM from surface and ended in 5.48 per cent THM.
These results confirm the extension of the mineralised footprint to the east and southeast directions, and further underpins the significant potential for extension to the recently announced heavy mineral sand (HMS) resource.
“The follow-up exploration program at Koko Massava, along with the ongoing analysis of the Mineral Resource itself, continues to increase our confidence of not only increasing the resource size at Koko Massava but also of identifying discrete zones of high-grade THM material within and extensional to it,” Chairman Andrew Van Der Zwan said.
These results highlight the robust nature of the HMS mineralisation in the Koko Massava deposit area, which remains open in all directions.
Company shares are trading flat at 0.7 cents each at 10:04 am AEST.