Red Metal Limited

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Home Investors ASX Announcements Drilling to Recommence, Maronan Project, NW Queensland
Drilling to Recommence, Maronan Project, NW Queensland

Red Metal has secured specialist directional diamond core drillers, DDH1 Drilling, to initiate the first of a series of step-out exploration holes on the Company’s 100% owned Maronan silver and lead project.

The step-out program, which is expected to start in about 2 weeks, aims to evaluate the vertical and lateral continuity of the significant Cannington Mine-style lead and silver mineralisation recently discovered below the northern fold structure.  Scope for the system to zone towards thicker and higher grades of silver and lead mineralisation comparable to ores mined at the core of the giant Cannington deposit will be tested.  Potential for higher grade structural enrichment or "bonanza zones" at the apex to the northern fold structure will also be evaluated.

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