12 °c
London
Wednesday, August 10, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Natural Resources

Mozambique: MRG Metals discovers two high-grade zones at Koko Massava

Club of Mozambique by Club of Mozambique
May 13, 2021
in Africa, Heavy Sands, Mining, Mozambique, Natural Resources
Reading Time: 2 mins read
858 17
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail
  • MRG Metals (MRQ) has identified two high-grade zones at the Koko Massava deposit in Mozambique
  • MRG drilled 34 aircore holes at the combined 1.8-square kilometre area which, based on a visual estimation, returned high-grade total heavy minerals (THM)
  • Pleasingly, 18 holes returned over 5.5 per cent THM over significant intervals and 12 of these show grades of more than 6 per cent THM
  • MRG Metals will use the results to complete an updated mineral resource estimate for Koko Massava
  • Company shares are up 12.5 per cent and are trading at 0.9 cents

Based on a visual estimation, MRG Metals (MRQ) has identified two high-grade zones at the Koko Massava deposit in Mozambique.

The deposit has an inferred mineral resource of 1133 million tonnes at 5.3 per cent total heavy minerals (THM). It’s within this area the company found the high-grade zones.

The zones cover a combined 1.8 square kilometres where MRG drilled 34 aircore holes, however, three of these were drilled as twin to historical aircore holes.

Pleasingly, 18 of the 31 resource holes returned visually estimated results of over 5.5 per cent THM over significant intervals. Of the 18 holes, 12 show grades of more than 6 per cent THM over significant intervals.

Aircore results include 69 metres at 7.5 per cent THM including nine metres at 13.2 per cent THM, 69 metres at 6.7 per cent THM including 24 metres at 11.1 per cent THM and 30 metres at 6.3 per cent THM including 7.5 metres at 10.6 per cent THM.

Also read: MRG Metals confirms high grades at Mozambique prospects

“The targeted drilling at Koko Massava has confirmed our belief that within the massive Koko Massava footprint, we have significant high-grade mineralisation from surface, including valuable pockets of high-grade resource,” Chairman Andrew Van Der Zwan said.

Once assays are confirmed for these visual estimations, MRG Metals will use the results to complete an updated and JORC-compliant mineral resource estimate for Koko Massava.

Kokomasavaplus
Via Club of Mozambique

Company shares are up 12.5 per cent and are trading at 0.9 cents at 11:12 am AEST.

Source: The Market Herald Australia via Club of Mozambique

Related

Tags: heavy sandsKoko MassavametalsMiningMozambiqueMozambique: MRG Metals discovers two high-grade zones at Koko MassavaMRG MetalsNatural Resourcesмозамбикموزمبيقモザンビーク莫桑比克
ScanSendShare350Tweet219Share61Pin79Send
Club of Mozambique

Club of Mozambique

'Club of Mozambique is an online gateway to Mozambique, offering up-to-date information and news relating to business, politics and other economic activities in Mozambique.

Related Posts

Logistics

South Africa and Botswana agree to improve and extend railway links

by The Exchange
August 10, 2022
Construction of 264km northern railway line in Namibia 90% complete
Trade

Direct train link Mozambique-Eswatini boosts trade

by Club of Mozambique
August 10, 2022
Banks using US$ should think about their Crypto exposure – FinCEN Director
Fintech

Nigeria crypto adoption-value depreciation tug of war intensifies

by Web3Africa
August 10, 2022
Agriculture

Tanzania govt calls on insuring crops and livestock

by Farmers Review Africa
August 10, 2022
New Ethiopian coffee directive sets strict minimum price
Trade

Ethiopia’s coffee export earnings increase 22 pct

by FurtherAfrica
August 10, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Logistics

South Africa and Botswana agree to improve and extend railway links

by The Exchange
August 10, 2022
0

South Africa and Botswana have agreed to fund the improvement and extension of rail freight links to boost trade South...

Read more
Construction of 264km northern railway line in Namibia 90% complete

Direct train link Mozambique-Eswatini boosts trade

August 10, 2022
Banks using US$ should think about their Crypto exposure – FinCEN Director

Nigeria crypto adoption-value depreciation tug of war intensifies

August 10, 2022

Tanzania govt calls on insuring crops and livestock

August 10, 2022
New Ethiopian coffee directive sets strict minimum price

Ethiopia’s coffee export earnings increase 22 pct

August 10, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,390 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...