More ore-grade silver with a dash of lead at Maronan’s namesake project

MMA finds more wide and strong intercepts at its namesake silver-lead and copper-gold deposit
Project in close proximity to giant Cannington silver-lead-zinc mine
More assay results from infill drilling are pending

Special Report: Maronan Metals has reported more wide intercepts of ore-grade silver with lead mineralisation from infill drilling within the starter zone of its namesake silver-lead and copper-gold deposit in Queensland.

The Maronan project is one of Australia’s largest and highest grade undeveloped silver resources located just 90km north of the giant Cannington silver-lead-zinc mine.

The drilling returned:

17.1m at 3.6% lead, 103g/t silver (202g/t silver equivalent), including 7.11 at 5.4% lead, 197g/t silver (343g/t silver equivalent) (MRN24003)
15.37m at 3.7% lead, 105g/t silver (207g/t silver equivalent), including 6.37m at 5.0% lead, 199g/t silver (333g/t silver equivalent) (MRN24003W1);
15.85m at 4.1% lead, 111g/t silver (224g/t silver equivalent), including 4.12m at 6.1% lead, 268g/t silver (429g/t silver equivalent) (MRN24004).

The results also flagged that hole MRN24003W1 actually twinned 5m from MRN24003, showing good short-range repeatability of grade and width which is essential for successful mine development.

The company also found a high-grade footwall interval, all of which adds to the resource confidence.

Maronan, Metals, ASX, MMA, Silver, Lead, Gold, Intercepts — Drill core exhibiting strong silver with lead mineralisation. Pic: MMA

Cost effective bulk mining potential

Notably, Maronan Metals (ASX:MMA) says the wide intervals of mineralisation in these and surrounding holes occurs as the soft, bedded carbonate-lead sulphide ore type which, together with its steep geometry, offers significant comminution, processing and potentially bulk mining cost advantages.

“We are delighted to confirm consistent wide intervals and high-grade assay results within the starter zone, which reinforces our expectations that Maronan has the potential to become a highly successful mining operation due to its favourable ore geometry and grade,” Maronan managing director Richard Carlton said.

“With each new drill hole, our confidence in the project continues to grow.”

More assays are pending from the 2024 drill program, with samples also collected simultaneously for geotechnical rock strength analysis and metallurgical variability testing.

This article was developed in collaboration with Maronan Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.