{"id":7011,"date":"2024-03-12T02:49:26","date_gmt":"2024-03-12T02:49:26","guid":{"rendered":"https:\/\/economicherald.net\/?p=7011"},"modified":"2024-03-12T02:49:26","modified_gmt":"2024-03-12T02:49:26","slug":"updated-resource-puts-greater-focus-on-the-early-development-potential-of-maronans-shallow-starter-zone","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7011","title":{"rendered":"Updated resource puts greater focus on the early development potential of Maronan\u2019s Shallow Starter Zone"},"content":{"rendered":"<p>Maronan Metals announces resource of 11.1Mt @ 5.3% lead, 111g\/t silver and 0.13g\/t gold within the Shallow Starter Zone<br \/>\nResult includes a maiden indicated resource highlighting the zone\u2019s early development potential<br \/>\nOverall silver-lead and copper-gold resources at the Maronan project have also been upgraded<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Maronan Metals has updated resources at its namesake lead-silver-copper-gold project in northwest Queensland, putting the early development potential of the Shallow Starter Zone in the spotlight.<\/strong><\/p>\n<p>The Maronan project sits in Queensland\u2019s Carpentaria Province, placing it in the same neighbourhood as several Tier 1 lead-zinc-silver mines \u2013 including Mt Isa, George Fisher and Century, as well as other significant copper deposits such as Ernest Henry, Osborne and Eloise.<\/p>\n<p>It is also just 90km north of <a href=\"https:\/\/stockhead.com.au\/company\/south32-s32\/\"><strong>South 32\u2019s (ASX:S32)<\/strong><\/a> giant Cannington silver-lead-zinc mine that delivered FY2023 production of 195,600t zinc equivalent.<\/p>\n<p>Amidst this regional bounty, <a href=\"https:\/\/stockhead.com.au\/company\/maronan-metals-mma\/\"><strong>Maronan Metals\u2019 (ASX:MMA)<\/strong><\/a> flagship project is no slouch itself, standing tall as one of Australia\u2019s largest and highest-grade undeveloped silver deposits with an inferred silver-lead resource of 32.1Mt @ 6.1% lead and 107g\/t silver (290g\/t silver equivalent) for 300Moz contained silver equivalent metal.<\/p>\n<p>Separately, it hosts an inferred copper-gold resource of 32.5Mt @ 0.84% copper, 0.61g\/t gold and 7g\/t silver (1.4% copper equivalent) for 455,000t of contained copper equivalent metal.<\/p>\n<p>\u00a0<\/p>\n<p>Long section of the mineralised domains of the Maronan deposit. Pic: Supplied (MMA)<\/p>\n<p>\u00a0<\/p>\n<p>Exploration focused on the Eastern Horizon within the Starter Zone \u2013 to follow up on previous shallow results that defined a broad interval of mineralisation over 21m \u00a0averaging 5.1% lead and 126g\/t silver \u2013 <a href=\"https:\/\/stockhead.com.au\/resources\/maronan-metals-caps-off-23-with-some-of-the-best-results-seen-at-its-namesake-silver-lead-project\/\"><strong>returned new intersections<\/strong><\/a> including 31m grading 6.1% lead and 139 g\/t silver and 22.8m grading 5.8% lead and 138g\/t silver.<\/p>\n<p>On the parallel Western Horizon \u2013 which received less drilling, follow up of previous drilling that included results of 14.48m \u00a0averaging 11.1% lead and 133g\/t silver \u2013 <a href=\"https:\/\/stockhead.com.au\/resources\/maronan-metals-caps-off-23-with-some-of-the-best-results-seen-at-its-namesake-silver-lead-project\/\"><strong>returned new intersections<\/strong><\/a> of 8.4m grading\u00a0 17.1% lead and 112g\/t silver.<\/p>\n<p><strong>\u00a0<\/strong><strong>\u00a0<\/strong><\/p>\n<h2><strong>Shallow Starter Zone offers early development potential<\/strong><\/h2>\n<p>This work has delivered in spades, allowing MMA to define a resource of 11.1Mt @ 5.3% lead, 111g\/t silver and 0.13g\/t gold within the Shallow Starter Zone.<\/p>\n<p>Importantly, this includes a maiden indicated resource of 2.1Mt @ 5.3% lead and 155g\/t silver that comes to within 100m of the surface and confirms the project has the geological continuity needed to successfully transition from an inferred resource to a lower-risk indicated resource with further infill drilling.<\/p>\n<p>Applying a range of silver cut-off grades to the Shallow Starter Zone block model has also highlighted the scope for very high-grade silver shoots totalling about 1Mt @ 6.4% lead, 246g\/t silver and 0.23g\/t gold.<\/p>\n<p>More broadly, overall silver-lead resources at the Maronan project have increased to 32.1Mt @ 6.1% lead and 107g\/t silver, while copper-gold resources have been cranked up to 32.5Mt @ 0.84% copper, 0.61g\/t gold and 7g\/t silver which remain open at depth.<\/p>\n<p>Geological modelling has also facilitated the estimation of a new gold-only inferred resource of 1.8Mt @ 1.24g\/t gold within magnetite-carbonate facies banded iron formation units at the Northern Fold structure.<\/p>\n<p>\u201cDeclaring the maiden indicated resource in the Shallow Starter Zone with the high silver grade is the perfect start to 2024,\u201d MMA managing director Richard Carlton said.<\/p>\n<p>\u201cThis result so near to surface bodes well for potential mining scenarios. In addition, modelling has expanded the inferred copper-gold resource and allowed the estimation of a new gold-only resource adding to the project\u2019s significant in-ground metal inventory.<\/p>\n<p>\u201cOur team has cost-effectively moved the Maronan deposit closer towards development and established an excellent database for early-stage mining studies and the next phase of drilling.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Room for more growth<\/strong><\/h2>\n<p>MMA notes the silver-lead resource remains open at depth and is a target for future infill and step-out exploration drilling, while further infill drilling is expected to extend the higher grade shoots the company has started to identify.<\/p>\n<p>Likewise, the copper-gold resource is also open at depth with the company planning to undertake infill drilling and deeper step-out exploration where higher grades of copper sulphide-dominant mineralisation is speculated.<\/p>\n<p>MMA also proposes to carry out more metallurgical test work and targeted drilling on the shallower gold-only mineralisation.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Manoran Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/updated-resource-puts-greater-focus-on-the-early-development-potential-of-maronans-shallow-starter-zone\/\">Updated resource puts greater focus on the early development potential of Maronan\u2019s Shallow Starter Zone<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Maronan Metals announces resource of 11.1Mt @ 5.3% lead, 111g\/t silver and 0.13g\/t gold within the Shallow Starter Zone Result includes a maiden indicated resource <a href=\"https:\/\/economicherald.net\/?p=7011\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":7012,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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