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Ann: MRG HMS Update - Aircore Drill Program, page-20

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Chaya

2,623 Posts.

1370

02/08/19

13:27

Post #: 39831595
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Originally posted by cashken ↑

Base Resources (BSE) bought Toliara in Madagascar for approx US$93 million or AUS$137 million.

Toliara is 857MT at 6.2% THM. Rutile at 2%. Zircon at 6%.

Lots of work to be done as I don't want to offend Peppie, however -

MRQ could replicate this deposit in my opinion with equal rutile and lower zircon.

Toliara is world class and it is interesting that MRQ are targeting in their first campaign, the Koko Masava anomaly.

This drill target is a strong radiometric anomaly with concentrations of Thorium and Uranium - where higher concentrations of zircon are held within the heavy mineral composition.

So a higher zircon grade could potentially put MRQ's Koko Masava anomaly to a deposit, with similar Toliara characteristics.

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Agree entirely Ken and MRQ's Koko Masava anomaly is just one of many that we have.

Plenty have said it before a few times but I'll say it again - our tenements could be monsters and we are very close to getting the drill bit to tell us the story - all IMO of course.

MRQ Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
6 Upvote

2 Great analysis

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