PAIV:MRG Metals prospective gold and nickel targets east of Kalgoorlie to be tested
Recently minted MRG Metals (ASX: MRQ) has already identified nine targets at the recently acquired Kalgoorlie East Gold Project.
The targets comprise five gold and four nickel, with soil sampling over these targets having now commenced after preliminary interpretation of geophysical data.
MRG Metals said prospective mineralised trends and structural intersections have been identified in the greenstone belt which has known nickel and gold mineralisation, with soil sampling results due within weeks.
Based on these pending results - the company may extend exploration to include infill soil sampling and drilling.
The Kalgoorlie East Project comprises 15 prospecting licenses and covers over 17 square kilometres, while being strategically located just 12 kilometres east of Kalgoorlie.
MRG Metals has only been trading on the ASX for around a month, with investors encouraged with what they have seen so far - highlighted by the last trade of $0.33, a big premium to the $0.20 IPO entry price.
