Maronan Metals Ltd (ASX:MMA) High grade silver drill results
Highlights:
- MRN24003 intersected:
o 17.1 metres at 3.6% lead, 103g/t silver (202 g/t Silver Equivalent), including
– 7.11 metres at 5.4% lead, 197g/t silver (343g/t Silver Equivalent). - MRN24003W1 effectively twinned 5 metres from MRN24003 shows excellent consistency
intersecting:
o 15.37 metres at 3.7% lead, 105g/t silver (207 g/t Silver Equivalent), including
– 6.37 metres at 5.0% lead, 199g/t silver (333 g/t Silver Equivalent). - MRN24004 intersected:
o 15.85 metres at 4.1% lead, 111g/t silver (224 g/t Silver Equivalent)*, including
– 4.12 metres at 6.1% lead, 268g/t silver (429 g/t Silver Equivalent). - Results confirm the strong continuity and steep plunge control to the silver-lead
mineralisation. The twinned hole shows good short-range repeatability of grade and
width which is essential for successful mine development. - The wide intervals of mineralisation in these and surrounding holes occurs as the soft,
bedded carbonate-lead sulphide ore type which, together with its steep geometry, offers
significant comminution, processing and potentially bulk mining cost advantages. - The 2024 drill program is progressing very well with a record monthly drill total of 1,808
metres achieved in August. Further assay results are pending.
Overview:
Maronan Metals Ltd has reported more wide intercepts of ore-grade silver with lead
mineralisation within the Starter Zone including a high-grade footwall interval. Results
significantly add to the resource confidence
Company Notes:
Maronan Metals Managing Director Richard Carlton commented: “We are delighted to confirm consistent wide intervals and high-grade assay results within the Starter Zone, which reinforces our expectations that Maronan has the potential to become a highly successful mining operation due to its favourable ore geometry and grade.
With each new drill hole, our confidence in the project continues to grow.”
Full ASX Announcement: 2A1550565.pdf (discoveryalert.com.au)
