Granite Belt Project

Located approximately three hours south-west of Brisbane in South East Queensland, the Granite Belt Project is a 1,100 square kilometre portfolio of tenements located near the town of Texas. Previously owned by Alcyone Resources Ltd, work originally commenced on the site in July of 2011, when the former owner commenced silver production.

The project, previously known as Texas Silver, encompasses the Twin Hills Silver Mine, as well as a wider portfolio of advanced silver and polymetallic base metal exploration targets, including Mount Gunyan, Hawker, Harrier, and Hornet deposits. According to reports previously published by Alcyone Resources Ltd, MRV Metals is confident the project has the potential for a 10 year mine life, targeting silver resources of between 30 and 50 million ounces with base metals discoveries.

MRV Metals hold an asset portfolio containing tenements EPM 8854, EPM 11455, EPM 12858, EPM 18950, and EPM 26275. Extensive historical drill data and associated information derived from past exploration programs within the Granite Belt Project have delivered significant Silver prospects and is of potential for Copper, Zinc and Lead deposits.

The Granite Belt Project is located 10km east along the Stanthorpe-Texas Road from the township of Texas in Southern Queensland. Geologically the Granite Belt Project occurs in the northern part of the New England Orogeny which consists of a highly deformed package of Ordovician to Permian sediments and volcanics. Deformation within the fold belt is complex and ranges in age from Lower Carboniferous to Middle Permian in age.

Past exploration within the Granite Belt Project has historically been successful in defining a mineral resource of silver mineralisation at the Twin Hills Deposit, and silver/gold mineralisation at the Mt Gunyan Deposit.

MRV Metals plan to further delineate the Copper, Zinc and Lead prospects at the Granite Belt Project with ongoing exploration and field work. These projects consist of Harrier, Hawker, Hornet and Tornado.

By engaging with the community of Texas and neighbouring stakeholders MRV Metals plan to work with the government to deliver positive environmental results that will benefit all stakeholders, given the historic past issues within the region.

In October of 2017 the ML100106 was granted, for further information please refer to the ASX Announcement.