Substantial Resources of Lead-Silver and Copper-Gold in Proven High Pedigree Province
The Maronan lead-silver and copper-gold deposit is an emerging large poly-metal deposit in the world class Carpentaria Province of Northwest Queensland which hosts several Tier 1 lead-zinc-silver mines and significant copper-cobalt and copper-gold deposits.
Update the Maronan Project Resources
- Silver-Lead (inferred + indicated) 33.1Mt @ 6.0% Pb, 108g/t Silver
- Copper-Gold (inferred + indicated) 32.0Mt @ 0.85% Copper, 0.63g/t Gold, 7g/t Silver
To 2.0Mt Lead, 122Moz Silver, 271,000t Copper, 0.76Moz gold and 18,000t Zinc.
A drilling program commenced in August 2022 has confirmed the integrity of the original geological model and identified potential for deeper bulk tonnage copper-gold and also silver-lead mineralisation.
Significant Exploration Upside
The separate copper-gold and lead-silver mineralisation types commence below approximately 40 metres of transported cover with both open down plunge and showing signs of increasing thickness and grades at depth where two separate Tier 1 plays are speculated.
Drilling to date has also demonstrated scope for significant intervals of high-grade copper-gold and lead-silver mineralisation, thickened hinge zones showing enrichment of silver and lead mineralisation and potential for high-value supergene enriched, copper and gold mineralisation as chalcocite.
Positive Preliminary Mining Studies
Preliminary studies taking into account the deposit’s promising metallurgical recovery, soft ore, high silver credits and favourable geometry provide a strong economic and geological case for continuing with further exploration drilling.
