Marão

The Marão (6842L) project is proving to be a dynamic prospect for MRG with results from an auger drilling reconnaissance program delivering three very high-grade targets.

Marão is contiguous with MRG’s Marruca (6846L) project. Together, the two projects comprise a total of 385km2 with approximately 75km of strike of interpreted palaeocoastline. The project is 30km from an on strike in the same paleo dune system as the world-class Corridor Sands Operation.

The three priority targets – Magonde, Mandende and Maduacua ­– were identified with auger drilling that was limited to a depth of 13.5m. Maduacua is the highest grade of the three targets. Mineralisation at Maduacua is from surface and remains open to the north, northeast and at depth.

In late 2021, MRG received an Environmental Licence for the Marão (6842L) tenement, allowing progression from hand auger to “machine driven” exploration in the form of aircore (AC) drilling. In 2022, MRG will test three HMS targets identified during auger drilling at depth with an AC drilling program.

MRG received the final grant of the exploration licence for Marão in late 2020. Prior to MRG acquiring Marão, Rio Tinto undertook shallow auger reconnaissance exploration on a small portion of the project, but beyond that no other work had been undertaken.

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