|Announcement 17 December 2014|
Maronan Project MRN14007 Assay Results, 14008 Visual Results
MRN14008 intersected the prospective carbonate-lead sulphide stratigraphy at the predicted down hole depth some 290 metres down plunge of the strong lead and silver mineralisation intersected in MRN13002. The targeted stratigraphy occurs over 101 metres down hole and contains five separate intervals of lead sulphide mineralisation. These occur over a combined intercept thickness of approximately 33 metres with the widest being about 20 metres down hole. True widths are estimated to be about 50% of down-hole widths. Assay results are expected by mid-January.
The structurally remobilised lead mineralisation in drill hole MRN14007 has returned a high-grade lead and silver intercept of 10.1 metres from 579.4 metres down hole assaying 8.5% lead and 213g/t silver plus three other intercepts of lesser grade and width. Estimated true widths are about 40% of down-hole widths. The pierce point of MRN14007 is located 35 metres north and 60 metres below the strong lead and silver mineralisation in MRN13002. This result highlights scope for potentially mineable widths of the structurally remobilised mineralisation focused at the apex to the fold structure.
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|Announcement 25 November 2014|
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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|Announcement 29 October 2014|
Red Metal Investor Presentation - Maronan Pb-Zn-Ag Project
A slideshow of Red Metal's Maronan Project presented at the Mining 2014 Resource Convention, Brisbane, 29 October 2014
|Announcement 21 November 2014|
Maronan Project MRN14003 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.
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|September 2014 Quarterly Report|
Quarterly Report and Cash Flow for 30 September 2014
Maronan, QLD, Silver-Lead & Copper-Gold
Tennant Creek, NT, Copper-Gold
Joint Venture Activity
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