Red Metal Limited

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Home Investors ASX Announcements Maronan Project MRN14007, 14004 Visual Results
Maronan Project MRN14007, 14004 Visual Results
The Board of Red Metal is pleased to announce that step-out drill hole MRN14007, located 30 metres north and 65 metres below the strong lead and silver mineralisation in MRN13002, has clipped the apex of the northern fold structure and encountered a 10 metre intercept of strong lead sulphide mineralisation. This mineralisation is typical of the coarse grained, structurally remobilised “bonanza” style.
 
Drill hole MRN14004 which targeted the hinge axis 600 metres down plunge of MRN13002 intersected banded carbonate-lead sulphide rock with prevalent quartz and iron sulphide (pyrrhotite) veins with weak copper sulphide mineralisation over a downhole width of 56 metres. Only narrow intervals of strong lead mineralisation were observed.
 
It is interpreted that the banded carbonate-lead sulphide rock in MRN14004 has been heavily affected by overprinting of a later mineralising event introducing silica, iron and copper sulphides, similar to that intersected above and further to the south in MRN14005 and MRN13001.

Assay results from MRN14007 will be available within about three weeks..

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