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Friday, March 29, 2024
HomeFinTechMRG Metals: Completes phase two drilling in Mozambique

MRG Metals: Completes phase two drilling in Mozambique

Date:

  • MRG Metals (MRQ) has completed phase two drilling near the Nhacutse target within the Corridor South Project in Mozambique
  • The 12-hole aircore drilling program tested two priority zones near the target
  • Chairman Andrew Van Der Zwan said these results have prompted follow-up exploration
  • Drilling at the priority two zone recovered samples for mineralogical studies to assess the extent and continuity of valuable heavy mineral grades
  • MRG drilled four holes with the objective of assessing an emerging zone of higher VHM concentration
  • Shares closed 10 per cent lower for 0.9 cents

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