Red Metal Limited

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Home Investors ASX Announcements Visual Drilling Results from hole MRN12004B, Maronan Project, NW Queensland
Visual Drilling Results from hole MRN12004B, Maronan Project, NW Queensland

Red Metal is pleased to announce that drilling has successfully intersected multiple zones of fresh lead sulphide mineralisation within the targeted banded carbonate-lead sulphide horizon.

MRN12004B pierced the carbonate-lead sulphide horizon of the Upper BIF about 155 metres north of the strong silver and lead sulphide mineralisation in MRN12003B. This fresh sulphide intercept is about 190 metres below the oxidised and leached mineralisation in MRN12004.

Drill core observations from MRN12004B reveal variable strong, moderate and weak disseminated and banded lead sulphide mineralisation throughout the whole banded carbonate interval which has a combined true width of over 20 metres. Although silver grades cannot be visually estimated, the lead sulphide mineralisation in MRN12004B appears visually similar to the lead mineralisation in MRN12003B which is enriched in silver.

MRN12004B is only the second hole to have been drilled deep enough to intersect the target horizon below the base of oxidation. Potential for further wide zones of primary lead and silver mineralisation exists to the north and at depth.

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