PriceSensitive

Meeka Gold (ASX:MEK) hits 62.80g/t gold at Murchison

ASX News, Mining
ASX:MEK      MCAP $40.74M
06 July 2022 13:37 (AEST)

This browser does not support the video element.

Advanced gold and rare earths company Meeka Gold (MEK) has intersected up to 62.80g/t gold from the Murchison gold project in Western Australia.

Drilling was undertaken at Turnberry Central below the 2021 scoping study open pit with results showing continuity of the gold zones below the pit.

Best results include two metres at 37.08g/t gold from 366 metres including one metre at 62.80g/t gold, and 24 metres at 1.21g/t gold from 335 metres including two metres at 11.53g/t gold.

Infill drilling was also completed around the western flank of Turnberry Central with first assays expected later in the month.

Meeka is now targeting shallow, high-grade gold at St Anne’s with over 6000 metres drilled since June and first results expected shortly.

An updated pre-feasibility study for Murchison is progressing well and remains on schedule to be released in September.

“These fantastic results, which sit outside of the 2021 Scoping Study open pit design, highlight the opportunity we see to grow our Murchison Gold Project,” Managing Director Tim Davidson said.

“Excitingly, outside the broader zones of gold, we are seeing ‘bonanza’ grades and an excellent example of visible gold in hole 26 for which assays are pending.

“In addition, we continue to drill out a number of high priority targets at St Anne’s and Turnberry that sit outside the Mineral Resource. This drilling is focused on extensions of strike and depth, and these results will also form part of the next mineral resource update.”

Meeka was up a slight 0.99 per cent with shares trading at 5.1 cents at 1:05 pm AEST.

Related News