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Home Investors ASX Announcements Maronan Project MRN1403 Assay Results
Maronan Project MRN1403 Assay Results
Assaying of cores from drill hole MRN14003, which pierced the target horizon 90 metres above the strong lead and silver mineralisation in MRN13002, has returned a broad interval of gold mineralisation and a narrow lead sulphide intercept with high silver values.
Better intercepts include:
55.7 metres from 395.3 metres at 1.1g/t gold,
2.7 metres from 469.3 metres at 6.2% lead, 180g/t silver.
The gold with arsenic mineralisation is hosted in a banded carbonate-pyrrhotite-magnetite sequence typical of the rock type in the outer halo surrounding the lead-silver sulphide mineralisation.
Visual inspection of the recently completed step-out drill hole MRN14006, situated 140 metres south and 80 metres above MRN13002 has intersected similar banded carbonate-pyrrhotite-magnetite rocks to those in MRN14003 with minor beds of lead sulphides. Assay results should be available within about three weeks.