Meeka Discovers a New High-Grade Gold Zone

Meeka Metals (ASX: MEK)

Reported assays from a new zone of shallow high-grade gold on the western side of Turnberry South at the Murchison.

Highlights included 21m @ 5.13g/t Au from 51m including 5m @ 15.65g/t gold, 
18m @ 3.61g/t Au from 83m including 4m @ 10.85g/t Au.

 

 

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Meeka Metals

 

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$325m   @  A$0.13
Location Near Kalgoorlie, Western Australia
Website https://meekametals.com.au

 

 

 

ASX Announcement
7 March 2025

 

Meeka Metals Discovers a  New Shallow High-Grade Gold Zone at Turnberry
South

 

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Meeka Metals Limited (ASX: MEK)  (“Meeka” or the “Company”) is pleased to report assays from a new zone of shallow high-grade gold on the western side of Turnberry South at the Murchison.

Assays from the new gold zone include:

• 21m @ 5.13g/t Au from 51m including 5m @ 15.65g/t Au (25TBGC012)
• 18m @ 3.61g/t Au from 83m including 4m @ 10.85g/t Au (25TBGC011)
• 11m @ 4.04g/t
A new shallow high-grade gold zone has been intersected on the western side
of Turnberry South and is likely to drive an expanded oxide open pit.
• Assays from the new zone of shallow high-grade gold include:
o 21m @ 5.13g/t Au from 51m including 5m @ 15.65g/t Au (25TBGC012)
o 18m @ 3.61g/t Au from 83m including 4m @ 10.85g/t Au (25TBGC011)
o 11m @ 4.04g/t Au from 52m including 1m @ 22.50g/t Au and 2m @ 7.46g/t
Au (25TBGC010)
o 12m @ 1.81g/t Au from 38m including 1m @ 10.80g/t Au (25TBGC019)
o 14m @ 1.43g/t Au from 37m including 1m @ 4.40g/t Au (25TBGC013)
o 6m @ 2.03g/t Au from 52m including 1m @ 5.41g/t Au (25TBGC011)
o 7m @ 1.51g/t Au from 99m including 1m @ 8.34g/t Au (25TBGC007)
• This new zone of gold sits to the west of the current Turnberry South stage 1
oxide pit design.

The shallow high-grade gold is likely to result in an expansion of the Turnberry South stage 1 open pit with commensurate improvement in mining economics.

• RC drilling remains ongoing at the Murchison Gold Project (“Murchison”) with
further drilling along strike and up-dip of these new high-grade results to
ensure inclusion in an updated stage 1 pit design.
• Open pit mining commenced ahead of schedule in February 2025 at St Anne’s
with first ore expected in April 2025.

 

 

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Commenting on the drilling, Meeka’s Managing Director Tim Davidson said:

“We had not previously intersected this high-grade gold zone on the western side of Turnberry South due to the orientation of prior drilling.

 

“We are now prioritising drill delineation along strike to incorporate into an expanded grade control model and updated stage 1 open pit design.”

 

 Open pit mining underway ahead of schedule at St Anne’s North.

Meeka Metals

 

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To read the full news release, please click HERE

 

To View Meeka Metal’s historical news, please click here

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

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If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Meeka Metals. 

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To read our full terms and conditions, please click HERE

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I-80 Gold Intersects 12.3 G/T AU Over 10.7 m

i-80 GOLD CORP. (TSX: IAU)

Announced that drilling has identified new zone of high-grade gold mineralization in its first hole drilled to test a new target area at the Company’s 100%-owned Ruby Hill Property located in Eureka County, Nevada.

The glory hole was an intercept of 12.3 g/t over 10.7 m.

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i-80 Gold

i-80 Gold Ruby Hill Mine, Nevada, USA

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$848 million @ C$3.53
Location Nevada, USA

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I-80 GOLD INTERSECTS 12.3 G/T AU OVER 10.7 M IN NEW TARGET AT RUBY HILL

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Download Press Release
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Reno, Nevada, February 8, 2022 – i-80 GOLD CORP. (TSX: IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to announce that drilling has identified new zone of high-grade gold mineralization in its first hole drilled to test a new target area at the Company’s 100%-owned Ruby Hill Property (“Ruby Hill” or “the Property”) located in Eureka County, Nevada.

High-grade gold mineralization was intersected in the first hole drilled to test continuity of a historic intercept below the Archimedes pit.

A historic hole (HC1428) drilled by Homestake Mining Company intersected 15.0 g/t Au over 5.5 m, however no additional drilling was ever completed. Late in the 2022 drill program, this target was tested with a step-out hole, iRH22-65, that intersected high-grade mineralization at the projected target depth.

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Highlight results from hole iRH22-65 drilled to test the 428 Zone:

      • 428 Zone : 12.3 g/t Au over 10.7 m (0.36 oz/ton – 35.0 ft)

The 428 Zone is located approximately 300 metres east of the southern portion of the Ruby Deeps Zone and is one of several brownfields exploration targets tested in the highly successful 2022 exploration program at Ruby Hill.

This program resulted in multiple gold, polymetallic and base metal discoveries including the Hilltop Zones where drilling has returned significant high-grade carbonate replacement mineralization (CRD) including 515.3 g/t Ag, 28.9 % Pb, 10.5 % Zn & 0.9 g/t Au over 28.3 m in hole iRH22-43 (Upper Hilltop).

The 428 Zone is located below the Archimedes pit and appears to be a combination of distal-disseminated gold mineralization overprinted by later Carlin-type gold mineralization.

The mineralization is hosted within the top of the Hamburg dolomite at the contact with overlying metamorphosed Dunderberg Shale with close proximity to the Blanchard fault. The Blanchard fault structure was one of the primary feeder structures of the multiple mineralized zones mined in the pit.

No other holes have tested this contact in proximity to the Blanchard fault presenting a significant upside target at Ruby Hill.  Additionally, the Hamburg dolomite represents a new host of Carlin-type mineralization on the Property and follow-up drilling will be completed during the ongoing 2023 exploration program.

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Tyler Hill, Senior Geologist of i-80 Gold stated;

“Our multiple discoveries made in 2022 highlight the potential of the mineralized system at Ruby Hill and confirm our model for the occurrence of multiple types of world-class, high-grade, deposits.

 

“Drilling is currently focused on expanding mineralization within the Hilltop Zones and the Blackjack horizon, both of which are located in close proximity to the underground infrastructure currently being planned and permitted”.

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23 drill holes from the 2022 Ruby Hill drill program remain outstanding at assay labs and the Company expects to be in a position to provide an update from this drilling within a few weeks.

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in i-80 Gold Corp.

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To read our full terms and conditions, please click HERE



Fosterville South Discovers New Gold Zone

Fosterville South (TSX.V: FSX)

Reported that new diamond and reverse circulation drilling at the Golden Mountain prospect within the Tallangallook Gold Project in Victoria, Australia has returned strong gold grades over considerable downhole lengths. 

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Fosterville South project map October 2021

Fosterville South project map

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Fosterville South TSX.v : FSX
Stage Exploration
Metals Gold
Market cap C$21 m   @ C$0.31
Location Victoria State, Australia

 

 

Fosterville South Discovers New Gold Zone from Surface at Golden Mountain Including RC Intercept Assaying 77m at 1.14 g/t Gold

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VANCOUVER, BC, Sept. 22, 2022 /PRNewswire/ – Fosterville South Exploration Ltd. (“Fosterville South”) or (the “Company”) (TSXV: FSX) is pleased to report that new diamond and reverse circulation drilling at the Golden Mountain prospect within the Tallangallook Gold Project in Victoria, Australia has returned strong gold grades over considerable downhole lengths.
Additional assays are pending from a review of previous diamond drilling where these drill holes drilled through the East West zone prior to the recognition of the zone’s extent. Soil sampling along the corridor has revealed a 1km strike length of anomalous gold in soil associated with this previously untested zone.

Highlights:

  • Strong gold assays along strike of the East West granite contact zone at Golden Mountain that included:

 

New Gold Assays at Golden Mountain Prospect Within the Tallangallook Gold Project

Fosterville South received strong gold assay intercepts, from its nine-hole drill program of 1519 meters in total, including an intercept an intercept from surface grading 77m at 1.14 g/t Gold from 2m, including 35m at 1.85 g/t Gold from 3m at the Golden Mountain prospect located within the Tallangallook Gold Project.

Five of the drill holes intersected the E-W zone while the other four holes drilled other targets. Two of the latter holes (22GMRC05 & 22GMRC10) failed to reach drill target due to ground conditions.

A reverse circulation drilling program was instigated on parts of the EW Zone to determine the extent and grade of gold mineralization within the zone, following encouraging results from grid-based soil sampling as well as review of previous drilling and the geological controls on the mineralisation in this area.

The gold in soil anomaly is approximately 1000m in strike extent. The gold mineralisation discovered by previous drilling was found to be associated with a porphyritic, miarolitic and xenolithic granite or monzogranite.

Further petrographic studies are underway to discriminate the various granitic rock types and those rocks that have associated alteration and gold mineralisation.

Further to this review and following the reverse circulation drilling results being received, it was found that previous diamond holes GMDH52 and GMDH53 had drilled through a potentially mineralised granite in their upper parts. Sampling of GMDH53 confirmed the mineralization with 38.7m at 0.79 g/t Gold from 10.7m (see photo) and since then GMDH52 has been sampled and submitted for assay.

While some intersections are preferentially held within the granite other gold intersections are within the contact metamorphosed (hornfels) rocks nearby suggesting that there are other structural controls to the mineralisation. The granite contact is also very nonplanar, and parts of the granite are sill-shaped and mineralised. Also, the NS Zone appears to offset the EW zone and cause a larger area of dilation and potential gold mineralisation. This EW Zone and NS Zone intersection is the apparent cause of the wider gold intercept from 22GMRC12 of the 77m at 1.14 g/t Gold from 2m.

Figure 1: GMDH53 27-32m interval example of mineralised granitic drill core (CNW Group/Fosterville South Exploration Ltd.)
Figure 1: GMDH53 27-32m interval example of mineralised granitic drill core (CNW Group/Fosterville South Exploration Ltd.)
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The results of 22GMRC08 of 18m at 1.48 g/t Gold from 100m are also encouraging where deeper drilling has yielded improved grade within the contact metamorphosed (hornfels) sediments near the granite contact.

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To read the full news release, please click HERE

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=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Fosterville South, bought in the market at the prevailing price on the days of purchase. 

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To read our full terms and conditions, please click HERE