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Announcement 3 February 2015

Maronan Project Final Assay Results from 2014 Drill Program

Assay results from the remaining holes from the 2014 drill program have returned multiple intervals of moderate lead and silver values in MRN14008 and strong lead and silver values from mineralisation in MRN14004 - the deepest hole in the program.
 
MRN14008 contained 4 separate intervals of mineralisation with the better results including:
24.7 metres from 769.1m grading 4.3% lead, 90g/t silver; including
6.0 metres from 772m grading 7.5% lead, 121g/t silver;
4.0 metres from 849m grading 7.0% lead, 140g/t silver;
10.9 metres from 857.1m grading 4.7% lead, 106g/t silver; including
6.75 metres from 860m grading 6.8% lead, 148g/t silver.
 
These intervals occur over a cumulative true width of about 23.9 metres and are located about 290 metres down plunge of the strong lead and silver mineralisation intersected in MRN13002.
 
Assays from the remanent interval of bedded lead mineralisation in the deep drill hole MRN14004 returned:
3.1 metres from 1241m grading 8.6% lead, 212 g/t silver.
 
Although narrow, the strong silver and lead values are encouraging given the bedded (non-structural) style of mineralisation and the interpreted potential for a thickened hinge region further to the north.
 
All lead, silver, zinc, copper and gold assay results from the 2014 program are summarised in Table 2 in the announcement.
 
December 2014 Quarterly Report

Quarterly Report and Cash Flow for 31 December 2014

Maronan, QLD, Silver-Lead & Copper-Gold

  • Eight drill hole program completed in December 2014.
  • Assay results from visible lead mineralisation in MRN14008 due shortly.
  • Data compilation and level plan interpretation in progress.
  • Future work programs will be designed once a full interpretation of the new data is complete.

Cannington South, QLD, Silver-Lead-Zinc

  • Standout Mount Skipper bulls-eye magnetic anomaly 85 kilometres south of the Cannington Mine targeted for exploration in 2015.
  • Anomaly interpreted to have comparable geological setting and geophysical response to that of the Cannington Mine and Maronan deposit.

Tennant Creek, NT, Gold-Copper

  • High resolution, helicopter-borne, magnetic surveying completed over six target areas.
  • Three priority anomalies prospective for Tennant Creek style gold and copper mineralisation planned for drilling in the second quarter of 2015.

Download this file  (2.3 Mb pdf) 

 
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

Link to presentation