Macro Metals Ltd (ASX:M4M) Commences RC iron ore drilling at Goldsworthy East

Highlights:

• RC drilling programme underway at the Goldsworthy East Project
• Stage 1 comprises minimum of 30 holes at 50m spacings, with an average depth of 200
  metres for total estimated drilling distance of 6,000 – 8,000 metres
• Detailed systematic mapping programme exploring mineralisation strike that remains open to the west underway

Overview:

Macro Metals Limited has announced that the inaugural drilling programme on its Goldsworthy East Project is underway. Following a decision to allow recent rainfall in the region to subside, K-Drill, the Company’s drilling contractors for theGoldsworthy East reverse circulation (RC) programme, along with technical teams from Macro and RSC, mobilised to site over the weekend and commenced drilling on 30 September 2024.

The programme is planned to comprise a minimum of 30 RC drilled holes, spaced 50 metres apart and to an average depth of 200 metres, for a total estimated drilling distance of 6,000 – 8,000 metres.

Additionally, given the recent discovery of outcrop and sub-crop high grade hematite as announced on 20 September 2024, geologists from RSC have also commenced the third phase of detailed mapping and sampling. This field work will initially concentrate on and around the area approved for drilling in the POW and will then extend out across the entire project area.

The aim of this field work is to identify additional high grade hematite outcropping and sub-cropping in additional areas of interest identified in the magnetic survey conducted in July 2024 with the intent of refining targets for the RC drilling programme.

The results of this project-wide sampling and mapping programme will also assist the Company refine its planning for its Stage 2 drilling programme, which is anticipated to extend into the northern target area.

All drill holes from the Stage 1 drilling programme will be logged with samples submitted for assay analysis. The Company looks forward to updating the market on results once received.

Full ASX Announcement: https://clients3.weblink.com.au/pdf/M4M/02861188.pdf