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Meteoric Resources (ASX:MEI) appoints new Brazillian Director

Materials
ASX:MEI      MCAP $437.8M
20 July 2021 08:50 (AEST)
Meteoric Resources (ASX:MEI) - Managing Director, Dr Andrew Tunks

Source: Small Caps

Meteoric Resources (MEI) have appointed Dr Marcelo De Carvalho as its new Director to oversee the company’s Brazilian operations.

Dr Carvalho graduated in 1996 from the State University of Sao Paulo with a Bachelor of Geology and commenced his exploration career in Brazil, exploring for gold in the Amazon region.

In 2004, he moved to Perth to complete a PhD in Metalogenesis at UWA. Returning to Brazil he joined Yamana Gold and became Greenfields Exploration Manager.

Meteoric owns the Juruena Project in Brazil and Dr Carvalho has been
involved in the project since the acquisition.

Managing Director Andrew Tunks is pleased with the appointment.

“We welcome his vast knowledge and extensive contacts across the Brazilian Mining Industry and within Government, and feel confident he is the right person to guide us as our exploration and development efforts mature,” Dr Tunks said.

“His appointment comes at a time of strong progress with the recent mineral resource upgrade for the Juruena Project, but also the exciting exploration for a porphyry copper gold system at Juruena where our most recent hole has intersected over 600m of porphyry style veins and alteration containing strong indications of our target sulphide minerals – molybdenite, pyrite, chalcopyrite and bornite.”

Dr Carvalho said he was delighted to work for Meteoric.

“I have been working for Meteoric since its acquisition of Juruena and am very excited about the future of this project,” he said.

“As soon as I set foot out there, I knew Juruena had untapped potential and what has transpired with the upgrade to the mineral resource estimate and the identification and initial drilling of a quality porphyry copper target is very impressive.”

Meteoric was trading 2.04 per cent up at 5 cents per share at 10:42 am AEST.

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