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- MRG Metals (MRQ) has completed phase two drilling near the Nhacutse target within the Corridor South Project in Mozambique
- The 16-hole aircore drilling program tested two priority zones near the target
- At the priority one zone, drilling extended the high-grade mineralised footprint where phase one drilling intersected 30 metres at 5.2 per cent visually estimated total heavy mineral
- Drilling at the priority two zone recovered samples for mineralogical studies to assess the extent and continuity of valuable heavy mineral grades
- Chairman Andrew Van Der Zwan said the company is planning a stage three aircore program
- Shares closed 10 per cent lower for 0.9 cents
MRG Metals (MRQ) has completed phase two drilling near the Nhacutse target within the Corridor South Project in Mozambique.
The 16-hole aircore drilling program tested two priority zones near the target.
Priority one zone
At the priority one zone, spanning 18 square kilometres, drilling confirmed the visually estimated heavy mineral sand (HMS) mineralisation as well as strandline style HMS mineralisation between the Nhacutse and Bungane targets.
Chairman Andrew Van Der Zwan said these results have prompted follow-up exploration.
“The fact that this latest phase two drilling has confirmed the high-grade HMS mineralised footprint extends between our Nhacutse and Bungane Targets is a fantastic result, further underpinning the prospectivity of this exciting area,” Andrew stated.
“Additionally, Nhacutse phase three has further extended the high grade mineralised zone, which intersected up to 10 per cent visually estimated total heavy mineral over one of the three metres intervals at an average grade of 4.3 per cent vis total heavy mineral over 30 metres,” he continued.
“This is a great result from phase two from which we are already planning a follow-up phase three aircore drilling program,” Andrew said.
Priority two zone
The other priority area is a five square kilometre zone of valuable heavy mineral (VHM), situated in the eastern part of Nhacutse.
MRG drilled four holes with the objective of assessing an emerging zone of higher VHM concentration.
The heavy mineral concentrate recovered will be used in Qemscan and X-ray fluorescence spectroscopy (XRF) analysis.
“The potential that exists in the Higher percentage VHM in the east is developing and the planned XRF analysis will be utilised to assist us in identifying how large and continuous the VHM grades are,” said the Chairman.
Shares closed 10 per cent lower for 0.9 cents.
