MetalNRG PLC Gold Ridge Soil Sampling Results (8329S)
09 Novembre 2023 - 8:00AM
UK Regulatory
TIDMMNRG
RNS Number : 8329S
MetalNRG PLC
09 November 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK
LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
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ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
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9 November 2023
MetalNRG plc
(the "Company" or "MetalNRG")
Gold Ridge Soil Sampling Results
Gold Ridge results confirm the possibility of a large
undiscovered gold/base metals system
MetalNRG plc (LON:MNRG), the natural resources and energy
investment company, is pleased to announce that the results from
the geologic soil sampling programme completed at its Gold Ridge
property in Arizona, USA, have now been reviewed and analysed. The
Company is pleased to confirm that the results support its previous
belief that there is a real possibility of a larger un-discovered
gold/base metal system at Gold Ridge.
The programme produced 1,042 samples, which covered 100% of the
Company's Gold Ridge claims and 51 elements were analysed by the
laboratory.
Highlights
-- Soil Geochemistry has provided evidence for multiple geologic
events including: strong gold, copper, lead and zinc mineralisation
related to the Mascot Stock
-- Strong gold, silver, arsenic, lead and zinc mineralisation
related to the Apache Pass Shear Zone ("APSZ")
-- New gold, copper, lead and zinc anomalous trend parallel to
the APSZ in the adjacent southern Precambrian block
-- Possible blind fault offset of the APSZ suggests historically
mined gold mineralisation is off-set slightly northward where no
exploration drilling has occurred
A presentation of the findings can be found on the Company's web
site: www.metalnrg.com
Gold
The largest gold anomaly highlights the historic areas of
exploration within the APSZ. The large gold anomaly may be
displaced northward at the eastern end of mining. Secondary gold
anomalies delineate a linear zone of gold mineralisation in the
southern Precambrian ("PC") block. The southern PC area has had no
modern trenching or drilling to date.
Silver
The silver anomalies highlight the APSZ and the western flank of
the Mascot Stock. The large silver anomaly appears displaced
northward at the eastern end of mining. Extensive new silver
anomalies highlight the western extent of APSZ.
Copper
The largest copper anomaly highlights a radial zone about the
Mascot Stock. A large, secondary copper anomaly is located west of
the Dives Mine in an area with no historic prospecting.
Rolf Gerritsen, Executive Director of MetalNRG, commented: "We
are delighted with these results which confirm that whilst there is
follow up work to be carried out, there is a real gold and indeed
wider opportunity at Gold Ridge. We look forward to providing
further updates on this project in due course."
Christian Schaffalitzky , FIMMM, PGeo, CEng, a director of the
Company, has reviewed the update and consents to the inclusion of
the exploration information in the form and context in which it
appears here. He is a Competent Person for the purposes of the
reporting of these results.
For further information, please contact:
MetalNRG PLC:
Rolf Gerritsen +44 (0) 207 796 9060
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Chris Chadwick +44 (0) 207 796 9060
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Peterhouse Capital Limited - Joint Broker:
Lucy Williams + 44 (0) 207 469 0930
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Duncan Vasey + 44 (0) 207 469 0930
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S I Capital Limited - Joint Broker:
Nick Emerson +44 (0) 1483 413500
-------------------------------
IFC Advisory Limited - Financial
PR and IR
------------------------------
Tim Metcalfe +44 (0) 203 934 6630
-------------------------------
Florence Chandler +44 (0) 203 934 6630
-------------------------------
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