Announcement Date: 2022-12-12
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Native Mineral Resources Holdings Ltd.
Project name: Maneater Hill
Location: Australia
Commodities: Silver,Copper,Lead,Zinc,Antimony
Highlight: Drilling results incl. 20m at 12.20g/t Ag, 0.03% Cu, 0.07% Pb, 80.40ppm Sb, 0.27% Zn, from 411m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Native Mineral Resources Holdings Limited (ASX: NMR), or (“NMR” the “Company”), is pleased to report the first round of assay and geochemical results from diamond drill hole MPD002 completed at the Company’s Maneater polymetallic sulfide breccia Prospect in North Queensland. Importantly, drilling has confirmed the polymetallic nature of the hydrothermal breccia with grades reaching values predicted for the depth of drilling. The identification of sulfides in over 370m of drill core, confirmation of silver, gold, lead, zinc, and antimony and the additional confirmation of increasing grade with depth have given NMR the confidence to continue its exploration at the Maneater Prospect. MPD002 was terminated at a depth of 477.6m, short of the intended target depth of approximately 700m due to technical difficulties, however, the second diamond hole MPD003 has been recently completed (see ASX announcement dated 2 December 2022) to a depth of 543m. Assays from MPD003 are expected early in the new year. Planning for a third diamond hole (MPD004) to test the deeper part of the breccia to the north in Q1 2023 is well advanced.
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