Meeka Metals targets shallow, high-grade gold from high-impact drilling at Murchison
Proactive Investors
Published Mar 31, 2023 11:40
Updated Mar 31, 2023 12:00
Meeka Metals targets shallow, high-grade gold from high-impact drilling at Murchison
Meeka Metals Ltd (ASX:MEK) has resumed drilling operations with a high impact drill program, targeting shallow, high-grade gold mineralisation within the Fairway shear zone, situated in the Murchison Gold Project in Western Australia.
The 25-kilometre-long Fairway shear zone is an economically important zone of shearing and high strain within the Archean Gnaweeda greenstone belt, which already hosts 700,000 ounces at Turnberry.
Meeka's independent technical consultants have advised of a short delay delivering the initial St Anne’s mineral resource, which will now be released in April 2023.
Looking ahead, the pre-feasibility study remains on track for delivery in the June 2023 quarter and will include the St Anne’s mineral resource.
Strong coincident gold-arsenic anomalies
Meeka managing director Tim Davidson said: “This program will target areas where ineffective broad spaced historical RAB and aircore drilling intersected strong coincident gold-arsenic anomalies but were not followed up.
“This approach proved highly successful in 2022 when we targeted goldarsenic anomalism at St Anne’s and discovered extensive, shallow, high-grade gold.
“We are looking to build on that success and add further high value ounces to our mineral resource.
“First assays from this drilling are expected in May 2023.”
Murchison Gold Project
About Murchison
Meeka’s flagship Murchison Gold Project has a combined 281 square kilometre landholding in the prolific Murchison Gold Fields and hosts a large high-grade 1.2-million-ounce JORC Resource.
The company is actively growing these resources while also progressing toward production.
The release of the Murchison Gold Project scoping study in December 2021 outlined a robust project that produces over 420,000 ounces of gold.
Read more on Proactive Investors AU
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