Drilling Collaborations Program Caranbirini Project Tenement EL 25313

Abstract

Marindi Metals was granted $89 000 from the Northern Territory government as part of the 2018 collaborative drilling program. The grant was for the drilling of a single 1000m drill hole at the Caranbirini project (tenement EL 25313) 15km north of the McArthur River Mine. The aim of the drill hole was to test for zinc in the HYC Pyritic Shale Member in the Barney Creek Formation at a coincident gravity and VTEM anomaly proximal to the fertile Emu Creek fault. The drill hole CPDH006 was completed in October 2018 and was drilled to a depth of 1127.7m. The Barney Creek Formation was tested and no significant mineralisation was intersected. Some narrow zones of epigenetic pale sphalerite in brecciating carbonates were intersected in the Reward Formation. The highest concentration of sulphides is at 141.45-141.78m with 5% sphalerite.