MRG Metals Announces High-Grade Assay Results from Fotinho REE Project
Key points
- 57 auger drillholes in Fotinho returned >3% THM
- Highest grade of 7.69% THM over 1.00m depth
- Weighted average grade of 2.95% THM over 1.38m thickness
Full summary
MRG Metals Limited (ASX: MRQ) announces high-grade analytical results from 57 auger drillholes at the Fotinho Rare Earth Project in Mozambique. 26 of the 57 holes returned results >3% THM over the entire drilling depth, with the highest grade being 7.69% THM over 1.00m depth. The weighted grade average for all 57 holes is 2.95% THM over an average thickness of 1.38m. The results confirm significant alluvial heavy mineral potential across the combined Adriano-Fotinho 396.42 sq km area. Grid-based auger drilling will follow to assess the size of the potential mineralised footprint.
Outlook
MRG Metals plans to expand auger drilling with grid drilling in target areas to define the width, strike, and depth potential of alluvial heavy mineral deposits.
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