Key points
- Assay results demonstrate strong continuity of high-grade silver-lead mineralisation
- Significant copper-gold intercepts present early mineable options
- Metallurgical optimisation test work produces high-grade silver-lead concentrates
Full summary
Maronan Metals Ltd (ASX: MMA) announced the balance of assay results from its 2024 drilling campaign, which focused on the near-surface Starter Zone. The results demonstrated strong geological and grade continuity of the bedded silver-lead mineralisation, with standout intercepts including 5.21 metres at 4.5% lead and 355 g/t silver, and 31 metres at 5.1% lead and 70 g/t silver. Significant copper-gold intercepts were also discovered, with up to 15.35 metres at 0.78% copper and 0.53 g/t gold, presenting early mineable options. The company lodged an application for a Mineral Development Licence, a critical step towards underground decline access and early mine development. Metallurgical optimisation test work on the Carbonate-hosted silver-lead ore type resulted in the production of very high-grade silver-lead sulphide concentrates with excellent metal recoveries, underlining the economic value of this soft ore. The company is well underway with a Mineral Resource update, expected in the June 2025 quarter, to facilitate advanced mine scheduling and scoping studies.