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Positive Sampling Results from the Gold Ridge Mine, Arizona
MetalNRG plc (LON:MNRG) the natural resource investing and exploration company is pleased to announce the results of the pillar sampling work completed at the Company's 100% owned Gold Ridge Project in Arizona, USA.
The underground sampling programme is now completed with assays confirming gold within all samples now returned from the local ALS lab in Tucson.
Our priority focus has been the last mined face on Level 6 at the Gold Ridge Mine. This sample returned 30.4 grams/tonne (g/t) gold (Au) and 69 g/t silver. The face shows the exposed vein with a width of 0.6 metres on a mined face of 1.3 metres. The vein consists of quartz with massive sulphide mineralisation.
These results affirm our belief that the Gold Ridge Project is a unique exploration and production opportunity with demonstrable high-grade mineralisation, potential for early avenues to revenue generative processing and a larger scale exploration opportunity.
In addition, a further 17 samples were taken from selected pillars within Levels 6 and 4, representing approximately 10% of the pillars remaining within the Gold Ridge Mine. All samples contained gold with a range of gold values from 0.05 to 6.5 g/t Au.
These results along with the results from the waste dump samples taken previously outside of Level 6 of the Gold Ridge Mine, historical mapping and information are now being reviewed in detail to establish the optimum way to progress with our plans at the mines.
The apparent connectivity of the mineralised structures across the three previously producing mines that are within the Gold Ridge Project area is a significant feature that further bolsters the potential economic value of this 100% owned property.
Should Boom much higher