Australia

MRG Metals reveals high quality results from Corridor Heavy Mineral Sands Project portfolio

MRG Metals Ltd (ASX:MRQ) has revealed high quality mineral assemblage results from 16 composite samples within its Corridor Heavy Minerals Sand Projects in Mozambique.

Key results include:

  • Up to 68.29% combined Ilmenite / leucoxene, 2.17% rutile, and 2.91% zircon at the Nhacutse target;
  • 50.45% combined Ilmenite / leucoxene, 0.84% rutile, and 1.93% zircon at the Koko Massava East target; and
  • 46.50% combined Ilmenite / leucoxene, 0.75% rutile, and 1.78% zircon at Poiombo.

The composite samples were determined by Qemscan analysis, an integrated system comprising a scanning electron microscope and energy dispersing spectrometer plus proprietary software for data collection which is routinely used for determination of bulk mineral assemblage for heavy mineral sand samples.

“Highly prospective heavy minerals targets”

MRG Metals chairman Andrew Van Der Zwan said: “We continue to rapidly expand our knowledge and understanding of our massively endowed Corridor Sands Projects portfolio, which contains multiple highly prospective heavy minerals targets.

“Having returned our Maiden Mineral Resource Estimate of over 1.4 billion tonnes at 5.2% total heavy metal (THM) at Koko Massava back in April, we have turned our exploration efforts to assessing the exploration portfolio of surrounding targets with the aim of discovering even higher value per ton resources for optimization of a potential mine start-up.

“The significance of these latest results is staggering as the in-ground value of the best quality assemblage results reported is approaching double that of the Koko Massava combined sample at similar THM grade.

“Whilst we had previously stated that we are looking for grades of 7-8% THM as early mine life feedstock, if sand of the quality reported here from Nhacutse is found in quantity, the potential exists for this percentage to be lowered significantly.”

Given the significance of the Nhacutse result, MRG has retested the sample, with a further retest on a new split of the sample to be analysed shortly.

Locations of MRGs Corridor Central and Corridor South Projects in Mozambique; Targets Koko Massava, Nhacutse and Poiombo.

Ongoing analysis

A further batch of 16 composite samples for mineral assemblage characterisation obtained from the reconnaissance auger drillRead More – Source