Meeka Discovers High-Grade Gold on the Fairway
Meeka Metals (ASX: MEK)
First pass exploration drilling delivers immediate results hitting high-grade gold at Rosapenna within the Fairway shear zone (between the Turnberry and St Anne’s mines) at the Murchison Gold Project.
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| Meeka Metals | ASX: MEK | |
| Stage | Development, exploration | |
| Metals | Gold | |
| Market cap | A$703m @ A$0.24 | |
| Location | Near Kalgoorlie, Western Australia | |
| Website | www.meekametals.com.au |
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Meeka hits 23m @ 1.05g/t Au – Exploration Drilling Hits High-Grade Gold on the
Fairway
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Meeka Metals (ASX: MEK) First pass exploration drilling delivers immediate results hitting high-grade gold at Rosapenna within the Fairway shear zone (between the Turnberry and St Anne’s mines) at the Murchison Gold Project (“Murchison”).
• Rosapenna Target: broad zones of high-grade gold intersected in exploration drilling at
this new target ~500m south of Turnberry within the Fairway shear zone. Results include:
o 23m @ 1.05g/t Au from 76m including 4m @ 4.67g/t Au (25TBRC112)
o 10m @ 1.95g/t Au from 71m including 1m @ 8.60g/t Au (25TBRC114) and
10m @ 0.58g/t Au from 119m (25TBRC114) and
4m @ 1.11g/t Au from 156m (25TBRC114)
o 3m @ 3.00g/t Au from 147m including 1m @ 5.02g/t Au (25TBRC133)
o 5m @ 1.58g/t Au from 92m including 1m @ 4.78g/t Au (25TBRC110)
o 6m @ 0.96g/t Au from 86m (25TBRC109)
o 5m @ 1.00g/t Au from 124m including 1m @ 2.92g/t Au (25TBRC113) (hole ends in
mineralisation)
o 3m @ 1.42g/t Au from 110m (25TBRC131)
• The current footprint of mineralisation at Rosapenna, 240m by 170m, is only limited by
drilling and remains open to the south, east and west. Pads are now being prepared for
additional drilling to the south of these results.
• These results from Rosapenna highlight the potential for new discovery within the Fairway shear zone. Fairway is a ~25km contact zone with a major regional structure that has had no drilling or ineffective, broad spaced reconnaissance RAB drilling from 1990’s and 2000’s.
• Fairway drilling remains ongoing, currently targeting the ~3km section between Turnberry and St Anne’s, including the southern extension of Rosapenna.
• Turnberry South: additionally, new high-grade results from Turnberry South include:
o 17m @ 2.94g/t Au from 77m including 2m @ 19.29g/t Au (25TBRC121)
o 3m @ 10.96g/t Au from 53m (25TBRC087)
o 15m @ 2.05g/t Au from 138m including 4m @ 4.38g/t Au (25TBRC120)
o 11m @ 0.80g/t Au from 91m including 4m @ 1.58g/t Au (25TBRC107)
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Meeka’s Managing Director Tim Davidson commented:
“The gold at Rosapenna highlights the broader growth opportunity available to us within a highly fertile but until now underexplored ~25km belt of Archean greenstones.
“We are now systematically drilling out this belt and these results support our thesis that there is a lot more gold to be found.”
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To read the full news release, please click HERE
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To view the latest Meeka share price and chart, please click HERE
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Disclosure
At the time of writing the author holds shares in Meeka Metals.
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