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Home Investors ASX Announcements High Grade Silver-Lead intercepts on Maronan Project, NW Queensland
High Grade Silver-Lead intercepts on Maronan Project, NW Queensland

High-grade Silver-Lead Drill Intercepts on Maronan Project, Northwest Queensland

 Drilling on the Maronan silver-lead project has intersected significant high-grade silver-lead mineralisation of a similar style and tenor to the nearby Cannington deposit which is one of the world’s largest silver and lead producing operations.

The drilling was designed to test Red Metal’s new geological model that predicts a northerly plunge to the mineralisation that is at odds with earlier interpretations. It has confirmed the continuity of the high grade silver-lead mineralisation in both the Lower and Upper BIF horizons.

The results include the highest lead and silver grades intersected on the project to date. Intercepts include 14.5% lead and 371 grams per tonne silver over a true width of 2.58 metres with a nearby parallel zone averaging 11% lead, 245 grams per tonne silver and over a similar width.

The combined true thickness of the separate high-grade silver-lead intervals in both BIF horizons total over 8 metres. Each zone is considered to be potentially ore grade and of potential mineable width.

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