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Home Investors ASX Announcements Lead-sulphide mineralisation intersected on the Maronan Project, NW Queensland
Lead-sulphide mineralisation intersected on the Maronan Project, NW Queensland

A deep angled hole (MRN12003), still in progress on the Maronan project, has intersected visible lead sulphide mineralisation over three intervals in the upper banded iron formation (Upper BIF) and is drilling on to test for additional mineralisation in the Lower BIF target horizon.

The visible lead sulphide mineralisation in the Upper BIF occurs over a combined true width of 10.5 metres and is of a similar style to the nearby Cannington deposit, the world’s largest silver and lead producing operation.  The lead sulphide abundance is visually comparable with the previous high-grade mineralisation intersected in MRN11003A which ranged between 11% and 20% lead, 245 to 657 g/t silver and it is hoped these grades can be reproduced within this interval (refer Red Metal ASX announcement on 7 March 2012)

First assay results expected within the next month.

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