- Junior gold explorer Meeka Gold (MEK) observes mineralisation in every drill hole completed at its Murchison gold project in Western Australia
- Following a break over the Christmas period, the company recommenced diamond drilling targeting the Margaret lode at Andy Well, as well as Turnberry Central
- While assays are pending, laminated hydrothermal veins have been observed and the lode remains open at depth and along strike to the north and south
- The core has been submitted for processing and the company awaits the assay results before planning the next phase of drilling
- Shares have been trading 2.5 per cent lower at 3.9 cents as of 3:00 pm AEDT
Junior gold explorer Meeka Gold (MEK) has observed mineralisation in every drill hole completed at its Murchison gold project in Western Australia.
Following a break over the Christmas period, the company recommenced diamond drilling targeting the Margaret lode at Andy Well, as well as Turnberry Central.
At Margaret, six drill holes were completed and while assays are pending, Meeka observed a laminated hydrothermal vein of between 10 and 40 centimetres, which is reportedly typical of the Andy Well style of mineralisation.
According to CEO Tim Davidson, the mineralisation at Andy Well can be very high grade.
“Importantly, the mineralisation has not been closed off and remains open at depth, and to the north and south,” Mr Davidson said.
“We also know from observations at Judy that tenor and strike of mineralisation improved with depth following the initial discovery of the orebody.”
The core will now be processed with the company awaiting assay results before it begins planning the next phase of drilling.
Shares were trading 2.5 per cent lower at 3.9 cents at 3:00 pm AEDT.