- Meeka Gold (MEK) intersects further high-grade rare earth assays at its Circle Valley project in Western Australia
- The company intersected up to 1465 parts per million total rare earth oxides and 110 g/t scandium from drilling in the area
- Assays are still pending for nearly 15,000 metres of drilling and are expected to be received over the next two months
- Following drilling at the Cascade rare earths project, Meeka plans to kick off resource definition drilling at Circle Valley later in the year
- Meeka is trading grey at 5.1 cents at 2:57 pm AEST
Meeka Gold (MEK) has intersected further high-grade rare earth assays at its Circle Valley project in Western Australia.
The best results from drilling in the area include 15 metres at 1054 parts per million (ppm) total rare earth oxides (TREO) and 14 grams per tonne (g/t) scandium from 40 metres, and four metres at 1465 ppm total rare earth oxides TREO and 37 g/t scandium from 56 metres.
Meeka said the mineralisation lay within the saprolite clay horizon which covered the area in thickness varying from two to over 50 metres.
“These assays continue to strengthen the view that there is a high-value deposit of rare
earth metals at our 100 per cent owned Circle Valley project,” Meeka Managing Director Tim Davidson said.
“While we still have a large number of assays pending, we can already identify zones that host consistent thick, shallow, high grades, and these will be targeted by resource definition drilling later this year.”
Assays are still pending for 14,957 metres of drilling and are expected to be received over the next two months.
Meeka said following drilling at the Cascade rare earths project, it planned to kick off resource definition drilling at Circle Valley later in the year.
Meeka was trading grey at 5.1 cents at 2:57 pm AEST.