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MetalsGrove Mining Ltd (ASX:MGA)

ALERT: Price-sensitive ASX Announcement for MGA
Current share price for MGA : $0.098 0.009 (10.11%)+
Announcement
Release
22 Jun 2026 8:14AM
Price at Release
$0.089
Full Release
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Summary
MetalsGrove Mining Ltd is advancing its exploration at the Zuénoula Permit within the Central West Gold Project in Côte d’Ivoire. The company continues its infill soil sampling program, having received assay results for 1,617 samples, with more awaiting analysis. The company has planned a 10,000-meter auger drilling program to test potential drill targets across three prospects. The Zuénoula Permit is strategically located within a significant gold-producing greenstone belt, and MetalsGrove has secured joint ventures to potentially earn up to 80% ownership in the exploration permits. Exploration activities are conducted by SEMS Exploration Services, with all samples tested for gold content by fire assay at Bureau Veritas laboratory. No actual drilling has been undertaken yet, with current efforts focused on refining drill targets through soil sampling and planned auger drilling.
Key Points
  • Infill soil sampling continues at varying grid spacings across four prospects at the Zuénoula Permit.
  • Assay results have been received for 1,617 soil samples, with 1,755 samples awaiting laboratory analysis.
  • MetalsGrove has planned a two-stage, 10,000-meter auger drilling program across three prospects.
  • The Zuénoula Permit is part of the Central West Gold Project, strategically situated within the Oumé–Fetekro Birimian greenstone belt in Côte d’Ivoire.
  • MetalsGrove entered joint ventures for exploration permits with intentions to earn up to 80% ownership.
  • The soil sampling program is conducted by SEMS Exploration Services under the supervision of MGA.
  • All samples are analyzed for gold content using fire assay at Bureau Veritas laboratory.
  • No drilling has been undertaken as of the report date, with focus on soil sampling and auger drilling.
  • The announcement was authorized for release by the MetalsGrove Mining Ltd Board of Directors.
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.