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MetalsGrove Mining Ltd (ASX:MGA)

ALERT: Price-sensitive ASX Announcement for MGA
Current share price for MGA : $0.105 -0.01 (-8.70%)+
Announcement
Release
13 May 2026 8:14AM
Price at Release
$0.115
Full Release
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Summary
MetalsGrove Mining Ltd has identified two parallel gold anomalous trends at the Fifty-Five Prospect on the Zuénoula permit in Côte d’Ivoire, each exceeding 2.5 km in length. These trends have been defined through soil sampling, which highlighted peak gold levels of 583 ppb. To refine the definition of these targets, the company plans to conduct tighter-spaced infill soil sampling and auger drilling during the upcoming wet season. The NE orientation of the identified trends aligns with major regional structures, reinforcing the potential for significant gold deposits. Topographical mapping using high-resolution LiDAR data will aid in the planning of drilling activities. The exploration effort supports the company's systematic approach to unlocking the potential of its Central West Gold Project.
Key Points
  • Two parallel gold anomalous trends identified at Fifty-Five Prospect
  • Trends are over 2.5 km long with peak gold levels of 583 ppb
  • Infill soil sampling and auger drilling planned
  • NE orientation of trends aligns with major structures
  • High-resolution LiDAR data supports exploration
  • Efforts part of the Central West Gold Project
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.