New Australian base and precious metals explorer Maronan Metals Limited (ASX: MMA) is preparing to drill its first ever hole, with lead-up work progressing well in Queensland.
The company has made significant progress establishing its technical field team, setting up its Cloncurry based core processing facility and appointing corporate secretarial and accounting services.
Exploration has focused on revisiting the drill core and assay data and reviewing technical assessments from previous campaigns. A start has been made, familiarising new members of the team with the geology of the Maronan Project to ensure future data is gathered to a high standard.
Importantly, a drill rig has been secured with highly regarded drilling contractor DDH1 Drilling Pty Ltd. The drill rig, which is presently working less than 10km from Maronan, is expected to complete its current program within the next four weeks allowing drilling to start at the Maronan Project during July.
The Maronan Project boasts substantial resources of lead-silver and copper-gold and is one of Australia’s larger undeveloped base and precious metal deposits with mineralisation to within 40 metres of surface.
Several significant base and precious metal deposits occur with 150km of the Maronan Project including the “Tier 1” Mt Isa and Cannington operations and the large Ernest Henry mine.
“MMA is pleased to have secured a drill rig from highly regarded drilling contractor DDH1 Drilling Pty Ltd, in such a tight market. Given such high demand for people and equipment, we are very pleased to be on track to meet the drilling start time projected in the Prospectus,” Maronan’s Managing Director, Richard Carlton, said.
For further information please visit: https://www.maronanmetals.com.au/
