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Marindi Metals Ltd.
Summary
| Project: | Newman | |
|---|---|---|
| Deposit: | Husky South | |
| Location: | Australia | |
| Commodities: | Silver-Copper-Lead-Zinc-Gold | |
| Date: | 3/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 15-3-2018: Marindi Metals Ltd. announces an Exploration/Drilling Update report for its Husky South deposit at the Newman project. Drilling results incl. 29m @ 1.2% Pb, 9g/t Ag from 223m. Marindi Metals Limited (ASX: MZN) “Marindi”, is pleased to provide a | |
| Resources: | (Resource, I+I): 3Mt @ 5% Zn, 2% Pb, 15g/t Ag at the project | |
| CP/QP: | [Overall Report]: Joseph Treacy (Internal) | |
| ABSTRACT: | Marindi Metals Limited (ASX: MZN) “Marindi”, is pleased to provide an update on exploration at the Newman Base Metal Project in Western Australia, where two diamond holes were recently completed at the Husky South LZS prospect. Husky South is a new base metal occurrence located on the Prairie Downs Fault Zone (PDFZ), approximately 8km north west of the Prairie leadzinc deposit, which contains an existing Indicated and Inferred Mineral Resource of 3 million tonnes grading 5% Zn, 2% Pb and 15/g/t Ag, (see plan attached and ASX release dated 29 September 2017). As previously reported, drilling during the December quarter intersected a high-grade lead silver zone of 14m @ 7.6% Pb and 51g/t Ag, including 3m @ 25% Pb and 165g/t Ag and widespread low grade lead-zinc-silver and gold mineralisation over a strike length of 1.6km including 42m @ 0.3% Pb. (Refer ASX releases dated 14 and 16 November 2017) Two diamond holes were recently drilled at Husky South which were cased with PVC to allow downhole EM surveying. The mineralisation at Husky South is dominated by lead sulphide (galena), which normally responds well to downhole EM. | |
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