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MetalsGrove Mining Limited (ASX: MGA) has announced positive results from its recent four-hole reverse circulation (RC) drilling at the Edwards Creek Prospect in the Northern Territory. The program aimed to build on historical data from the 1980s, targeting VMS-type zinc-copper-lead mineralization. Notable intercepts include 32 meters at 1.59% Zn, 0.48% Cu, 0.27% Pb, 0.05 g/t Au, and 11 g/t Ag from 97 meters in hole 24EC001. Additional results were observed in holes 24EC003 and 24EC004, showing consistent mineralization trends.
The mineralization appears to increase in thickness with depth and extends northeastward, signaling strong exploration potential. Managing Director Lijun Yang expressed optimism about the results and confirmed plans for further drilling to assess the ore body’s size and structural controls.Samples underwent rigorous multi-element analysis, confirming the project’s high-grade prospects. These findings strengthen Edwards Creek’s viability as a promising zinc-copper-lead resource, advancing MetalsGrove’s exploration strategy.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.