MGS 0.00% 25.0¢ mgt resources limited

News: MGT Resources finds gold anomalies in Queensland

  1. MGT Resources’ (ASX:MGS) soil sampling has defined gold anomalies along a 5 kilometre trend extending from the Sellheim Prospect at its Pyramid Project tenement in Queensland.

    Gold greater than 50ppb occurs along the entire West Pyramid range structure, with significant zones greater than 100 ppb gold up to extremely anomalous samples with 1500 ppb.

    A follow up programme of infill soil sampling and rock chipping of anomalous areas has recently been completed and MGT is currently awaiting the results.

    This will help determine the layout of a drilling program to test the highest priority gold prospects and to explore extensions to mineralisation at Gettysberg.



    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

 
watchlist Created with Sketch. Add MGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.