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  • MRG Metals (MRQ) is set to begin a phase two aircore drilling program at the Nhacutse Target in mid-October
  • This work will follow-up the strong drilling results from phase one work completed in September 2020
  • 12 holes will be drilled at the priority one target to focus on testing the extensions of the high-grade lodes
  • Four holes will then be drilled at the priority two target to gain a better understanding of an emerging valuable heavy mineral (VHM) zone
  • Holes at both the target areas have been positioned to allow for a potential JORC inferred mineral resource estimate
  • MRG Metals is steady on the market and shares are trading for 1.1 cents each

MRG Metals (MRQ) is set to begin a phase two aircore drilling program at the Nhacutse Target in mid-October.

Nhacutse lies within the Corridor South Project which is situated in Mozambique.

This work will follow-up the strong drilling results from phase one work completed in September 2020.

Best results from the phase one program include 36 metres at 8.9 per cent visual total heavy mineral (THM) and 36 metres at 6.6 per cent visual THM.

MRG Metals’ drilling contractor is currently undertaking a maiden aircore program at the Zulene-Viaria mineralised zone with the rig to move to Nhacutse once completed.

16 holes will be drilled — 12 at the priority one target and four at the priority two target — with a focus on testing the extensions of the high-grade lodes identified in phase one work.

The four holes at the priority two target have been planned to gain a better understanding of the continuity of an emerging valuable heavy mineral (VHM) zone.

Holes at both the target areas have been positioned to allow for a potential JORC inferred mineral resource estimate.

“As we are nearing completion of the company’s maiden aircore drilling program across our Corridor South Project in Mozambique, we are thrilled to report from the review of initial results received that we have decided to proceed immediately with phase two drilling at Nhacutse,” Chairman Andrew Van Der Zwan said.

MRG Metals is steady on the market and shares are trading for 1.1 cents each at 12:50 pm AEDT.

MRQ by the numbers
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