Recently minted MRG Metals has already identified nine targets at the recently acquired Kalgoorlie East Gold Project. The targets comprise five gold and four nickel, with soil sampling over these targets having now commenced after preliminary interpretation of geophysical data.

MRG Metals said prospective mineralized trends and structural intersections have been identified in the greenstone belt which has known nickel and gold mineralization, with soil sampling results due within weeks. Based on these pending results, the company may extend exploration to include infill soil sampling and drilling.

The Kalgoorlie East Project comprises 15 prospecting licenses and covers over 17 square kilometers, while being strategically located just 12 kilometers east of Kalgoorlie.

MRG Metals has only been trading on the ASX for around a month, with investors encouraged with what they have seen so far highlighted by the last trade of USD 0.33, a big premium to the USD 0.20 IPO entry price.

MRG Metals is an Australian public company based in Victoria. The Company was established to undertake mineral exploration and production in Western Australia, initially through the acquisition of a number of prospective Tenements.

MRG aspires to become an investment of choice focused on:

1. Discovery and, potentially, mining of precious and base metal resources in its Western Australia project areas and further development of opportunities within Australia

2. Generation or acquisition of new exploration and mining opportunities for gold, base metals and other commodities within Australia and other prospective regions in Africa and South America

3. Taking advantage of the increasing global recognition of the prospective areas in which MRG holds interests, current market conditions, supportive government environments and increasingly favorable economic, social and regulatory environment in it's identified markets

(Sourced from www.proactiveinvestors.com.au)