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clock Created with Sketch. 10/03/17
14:45
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Fairly positive announcements out today in regards to pursuit of developing the project which contains the silver resource.
MRV Metals newly appointed CEO, Mr Nigel Slonker stated: “This is a significant step forward for our projects, as it now validates our position in the region and gives secure tenure to our advancement plans. This coupled with our current planned opening of the MRV Metals Pty Ltd Corporate Office in Texas in April 2017, sets us up in the region as a significant potential advancer, of the regions Mining potential.”
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Indicates some change in direction for the company's focus, opening up a corporate office in the vicinity of the project.
EPM 26275: This newly applied for and granted tenure, allows for the approx. 180sqkm region, named the “Granite Belt Exploration Project” by the Company, to be explored and advanced with total ownership of all tenure within the outer boundaries of the project (excluding the historic Silver Spur mine, which holds a tenement position of 400m x 500m). Previously these stranded blocks were considered as highly prospective by the Company, but we did not hold tenure under the Mineral Resources Act of 1989. We now have the complete regional footprint under tenure. The tenure of 2 sub blocks has been approved for a period of 5 years.
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Closure of the debt facility probably a good thing too.
