Business
Gold RidgeMine Sampling & Operational Update
Gold RidgeMine Sampling & Operational Update.
About this update from Atlas Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 2001Z MetalNRG PLC 08 January 2020 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nThis announcement is for information purposes only and is not a prospectus and not an offer of securities for sale in any jurisdiction, including in the United States, Australia, Canada, Japan and South Africa.\n \n \n8th January 2020\n \nMetalNRG plc\n(The \"Company\" or \"MetalNRG\")\n \nGold Ridge Mine Successful Sampling Review & Operational Update \n \n \nMetalNRG plc (LON:MNRG) the natural resource investing and exploration company is pleased to announce the results of its review of all sample information gathered at our 100% owned Gold Ridge Project, as announced on 28th November 2019. \n \nThe conclusion of our review has laid the foundations for our plans for accelerated revenue generation at the Company's Gold Ridge Project for 2020. The next phase of work will focus on establishing additional upside within the Gold Prince Mine while seeking to monetise the available ore from the mine and waste dumps at the Gold Ridge Mine identified and previously reported on. The phase of work is broken down into two stages. Stage 1; Planning and Permitting, Stage 2; Implementation. \n \nGold Ridge: As reported on 28th November 2019, our priority focus will be the last mined face on Level 6 at the Gold Ridge Mine. The sample from that area 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 and consists of quartz with massive sulphide mineralisation.\n \nThese results confirm 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. We believe that additional ore is available to us between the mined levels, 6 and 4 at the Gold Prince Mine, which has not yet been explored. \nWe therefore plan to drill between these levels, this should enable us to estab...