Maronan Metals (ASX:MMA) Reports High-Value Drilling Results at Maronan Project
Operational Achievements
Maronan Metals has concluded its 2024 drilling campaign at the Maronan Project, reporting strong assay results that highlight the continuity of high-value silver-lead mineralisation across both Eastern and Western Horizons. Notable intercepts include wide zones with considerable silver equivalents, underscoring the project’s potential for significant resource expansion.
Copper-Gold Mineralisation
Continuous lodes of copper and gold are emerging within the shallow Starter Zone, presenting potential early mining opportunities. The drilling has identified higher-grade lead mineralisation and more coherent zinc mineralisation in the Western Horizon, enhancing the project’s overall mineral portfolio.
Future Outlook
An updated mineral resource estimate is being prepared, integrating new data and interpretations from the successful 2024 drill campaign. Maronan Metals is advancing towards updating the resource model and publishing preliminary mining studies on the Starter Zone, maintaining momentum towards achieving a ‘mine ready’ status.
Executive Comments
Managing Director Richard Carlton stated, “The whole 2024 program has successfully confirmed the continuity of wide zones of strong silver with lead mineralisation building on the maiden Indicated Resource declared a year ago. We now look forward to receiving the last of the assay results and updating the resource model over the coming months which should facilitate the publication of preliminary mining studies on the Starter Zone. The momentum towards being ‘mine ready’ continues to build.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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