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Marindi Metals Ltd.
Summary
| Project: | Newman | |
|---|---|---|
| Deposit: | Husky South | |
| Location: | Australia | |
| Commodities: | Silver-Copper-Lead-Zinc-Vanadium | |
| Date: | 1/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 31-1-2018: Marindi Metals Ltd. announces an Exploration/Drilling Update report for its Husky South deposit at the Newman project. Drilling results incl. 16m @ 0.28g/t Au, 1g/t Ag from 120m. Marindi Metals Limited (ASX: MZN) “Marindi”, is pleased to report | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Joseph Treacy (Internal) | |
| ABSTRACT: | Marindi Metals Limited (ASX: MZN) “Marindi”, is pleased to report further progress from exploration drilling at the Newman Base Metal project in the Pilbara of Western Australia. The scout drilling program comprised northern and southern campaigns to test targets along the Prairie Downs Fault Zone (PDFZ). As previously reported (refer ASX release dated 27 November 2017), drilling in the northern area discovered high grade lead-silver mineralisation at the Husky Prospect, where hole PDP456 intersected 3m@ 25% Pb and 165g/t Ag within a larger zone of 14m @7.6% Pb and 51g/t Ag. This mineralisation represented the first new discovery of base metal sulphides along the PDFZ since 1965. Weakly anomalous gold was also previously reported from this drilling. The drilling program continued into mid-December, and results from the Lone Wolf and Husky South prospects have now been received. Drilling at Lone Wolf returned anomalous base metal values of up to 19m @ 1.1% Pb, including 1m @ 5.4% Pb from hole PDP479. Drilling at Husky South also returned further anomalous gold values with the best being 16m @ 0.28g/t Au from hole PDP461 within which 4m @ 0.55g/t Au, (see sections attached). These assays are from 4m composites and Marindi will need to resplit the samples to determine the gold values from the individual metres. | |
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