MRG Metals Limited provided preliminary update on Yardilla Drilling at Ommaney. Initial assay results from drilling at Yardilla in 2016 indicate that the strong to intense alteration zone in YRDH-003A (Ommaney Prospect) delivered low level gold mineralisation (peak of 1m @ 0.5ppm Au from 233m) and anomalously elevated pathfinder elements including peaks 52ppm As, 23.1ppm Bi, Mo, 449ppm, 1.4ppm Te (Tellurium), and 370ppb Au (Gold), 5g/t Ag (Silver), 52ppm As (Arsenic), 23.1ppm Bi (Bismuth), 25ppm Mo (Molybdenum), 449ppm Pb (Lead), 3,650ppm Zn (Zinc) and very high 1,910ppm W (Tungsten). Elevated Tungsten is particularly interesting due to the relationship between the mineral Scheelite and high economic-status Archean gold deposits around the World. This initial mutli-element assay data was analysed using Sasak's AGLADS (Archean Gold Lode Alteration Detection System) which compares the multi-element geochemical signature of samples with rocks from different parts of the ore zones, proximal and distal alteration zones and host rocks of dozens of well-known and well-studied Archean lode gold deposits across Australia. AGLADS has classified the core of the alteration zone in YRDH-003A as Proximal to Archean lode gold mineralisation, confirming MRG's interpretation of this alteration system as closely-related to gold mineralisation. The consistency between classified and logged intervals of strong to intense alteration in core is clear and this zone also corresponds to the surface multi-element anomaly that was the original target of drilling in 2016. The lack of disseminated gold mineralisation in YRDH-003, coupled with the results from multi-element analysis, leads towards the interpretation that a gold-rich zone at Ommaney is in close proximity to this initial drill hole, somewhere within the wider alteration system identified. Planning to test the down-dip extent of the alteration system and along strike from the initial intersection, will be the next priority once all assay results for drilling at Yardilla are returned. A more comprehensive analysis of multi-element associations by Sasak will be integrated into detailed interpretation and 3D modelling of the structural and geological framework of the prospect using the new information and insights gained from diamond drilling core in 2016. MRG will then use this technical platform to design drilling and vector exploration towards potential gold-mineralisation at Yardilla in 2017. Planning for a follow-up drilling program in 2017 along strike from YRDH-003A is underway. The full extent of this program will depend on assay results and analysis from other holes drilled at the project in 2016.