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Home Investors ASX Announcements Assay Results from drill hole MRN12003 Maronan Silver-Lead Project, NW Queensland
Assay Results from drill hole MRN12003 Maronan Silver-Lead Project, NW Queensland

Assaying of visible lead sulphide mineralisation from the primary diamond drill hole MRN12003, which steepened and missed the key target, has intersected 6.45% lead and 35.9 g/t silver over a true width of 5.1 metres within the upper banded iron formation (Upper BIF). This intersection included 13.95% lead, 65.3 g/t silver over a true width of 1.7 metres.

Finely disseminated lead sulphide mineralisation visible within the Lower BIF horizon returned moderate lead levels with strong silver. Maximum assay was 4.32% lead, 322 g/t silver over a true width of 0.7 metres within a broader zone which averages 2.59 % lead, 97.5 g/t silver over a true width of 4.3 metres.

The mixture of high-grade and lower grade mineralised zones within the Upper and Lower BIF horizons is in keeping with the current geological model which places the hole on the southern margin of the deposit below the strong off-hole conductive target.

A daughter hole deflected off MRN12003 is now in progress and aims to intersect the strong conductive target horizon about 140 metres above and 50 metres north of the primary hole.

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