Meeka Metals (ASX: MEK)
Reported drilling at Turnberry South, part of the Murchison Gold Project continues to hit broad zones of high-grade gold outside the Stage 1 open pit, currently in production, and is likely to expand the Resource and extend open pit mining.
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Meeka Metals drill site – Credits Meeka Metals
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| Meeka Metals | ASX: MEK | |
| Stage | Development, exploration | |
| Metals | Gold | |
| Market cap | A$690m @ A$0.22.5 | |
| Location | Near Kalgoorlie, Western Australia | |
| Website | www.meekametals.com.au |
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Meeka Metals reports 8m @ 14.8g/t Au – More High-Grade Gold at Turnberry South.
Meeka Metals (ASX: MEK) reported drilling at Turnberry South, part of the Murchison Gold Project (“Murchison”) continues to hit broad zones of high-grade gold outside the Stage 1 open pit, currently in production, and is likely to expand the Resource and extend open pit mining.
• Thick high-grade drill results from Turnberry South include:
o 8m @ 14.79g/t Au from 44m including 2m @ 53.05g/t Au (25TBRC061)
o 20m @ 3.57g/t Au from 47m including 2m @ 13.25g/t Au (25TBRC064) and
10m @ 5.01g/t Au from 73m including 3m @ 14.74g/t Au (25TBRC064)
o 8m @ 4.06g/t Au from 58m including 1m @ 20.87g/t Au (25TBRC032) and
4m @ 12.50g/t Au from 84m including 1m @ 46.69g/t Au (25TBRC032)
o 3m @ 10.96g/t Au from 53m (25TBRC087)
o 10m @ 2.70g/t Au from 53m including 2m @ 7.20g/t Au (25TBRC068)
o 15m @ 1.23g/t Au from 36m including 5m @ 2.32g/t Au (25TBRC058) and
5m @ 5.44g/t Au from 79m including 2m @ 12.62g/t Au (25TBRC058)
o 17m @ 1.07g/t Au from 70m including 2m @ 4.98g/t Au (25TBRC040)
o 16m @ 1.06g/t Au from 67m including 1m @ 6.52g/t Au (25TBRC065)
• These strong results continue to highlight potential to grow the Resource and Reserves, and will likely extend the Stage 1 open pits beyond the initial ~2 years previously planned.
• RC drilling continues at Turnberry following up the high-grade gold intersections on the
north eastern flank, as well as reconnaissance drilling within a ~3km section (between
Turnberry and St Anne’s) of the broader ~20km Fairway shear zone that transects Meeka’s tenure.
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Commenting on the drilling, Meeka’s Managing Director Tim Davidson said:
“These results continue to strengthen the medium-term open pit production outlook beyond the initial ~2 year Stage 1 mine plan.
“The high-grades intersected will improve the tenor of the Resource in the areas
drilled and will enhance both future production and cash generation.
“Growth drilling remains ongoing at Turnberry as well as first pass drilling in the highly prospective 3km belt of largely untested greenstones between Turnberry and St Anne’s which forms part of the broader 20km Fairway shear zone that transects our tenure.”
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To read the full news release, please click HERE
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Disclosure
At the time of writing the author holds shares in Meeka Metals.
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