Join our daily newsletter At The Bell to receive exclusive market insights
Meeka Metals Ltd (ASX:MEK) has found gold grading above 30 grams per tonne (g/t) through reverse circulation drilling at the Turnberry deposit of its Murchison Gold Project in Western Australia, as the company looks ahead to the commencement of mining in two months.
RC drilling from Turnberry has pulled up assays including six metres at 26.47g/t from 59 metres including one metre at 154.50g/t, and four metres at 30.19g/t from 81 metres including two metres at 58.03g/t.
This phase of drilling – completed in December – comprised 145 holes, of which 42 have been assayed, with drilling work to continue in Turnberry and St Anne’s through the March quarter.
Managing director Tim Davidson said the results could be expected to support Meeka’s open pit mining plan at Murchison, which will kick off in March.
“The consistent, high-grade results from this drilling highlight the strong production these pits will deliver in the coming months as we commence mining,” he said.
“Pleasingly, we are seeing improved grade on the western side of the Turnberry South pit
where previous drilling is sparse. Hole 24TBGC031 intersected 10m @ 2.58g/t Au outside
and to the west of the pit shell.
“This will be followed up and there is potential for expansion of the shallow oxide open pit in this area.”
He added that the continuing drilling work would include finalising a grade control program and recommencement of the Turnberry underground growth drilling.
Meeka has been trading at 8.5 cents.
Join the discussion: See what HotCopper users are saying about Meeka Metals and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
