Red Metal Limited

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Home Investors ASX Announcements Visual Results MRN13002, Maronan Project, NW Queensland
Visual Results MRN13002, Maronan Project, NW Queensland

 The Board of Red Metal is pleased to announce that drill hole MRN13002 designed to test the hinge zone to the northern fold structure has discovered multiple visible horizons of bedded Cannington-style lead sulphide mineralisation.

Five separate horizons of strongly bedded lead sulphide mineralisation occur within a 125 metre down-hole interval of banded carbonate-calcsilicate-sulphide rock. These horizons vary from about 2 to 15 metres in down-hole width and have a cumulative width of about 48 metres. True widths are estimated to be 40% to 50% of down-hole widths.

The amount and style of lead sulphide mineralisation is visually comparable to the banded carbonate-lead sulphide mineralisation previously reported in the two deep holes located 400 metres and 600 metres further south (MRN12004B, ASX announcement dated 29 April 2013 and MRN12003B, ASX announcement dated 31 October 2012).

Download this announcement (1.4Mb pdf)