- Mindax (MDX) completes phase one reverse circulation drilling at the Meekatharra North Project in Western Australia
- All up, 18 holes were drilled on the northern end of the project to test several priority targets
- While a few holes were terminated due to ground water preventing further work, up to 1.21 grams of gold per tonne (g/t) was still encountered
- Further drilling has been planned to systematically explore the project and follow up these results
- Mindax has ended the day 6.33 per cent in the red with shares trading at 7.4 cents
Mindax (MDX) has completed its phase one reverse circulation (RC) drilling program at the Meekatharra North Project.
The Meekatharra North Project lies 40 kilometres north of Meekatharra in the Murchison Province of Western Australia.
It is made up of one granted exploration licence and covers a number of local and regional structures that are important to the localisation of gold mineralisation in the area.
All up, 18 RC holes, for 2162 metres, were drilled on the northern end of the project to test several priority targets.
The majority of the drilling was completed however Mindax encountered some challenging conditions when ground water affected sample recovery depth for some of the holes.
Best results include two metres at 1.21 grams of gold per tonne (g/t), four metres at 0.57g/t gold, seven metres at 0.53g/t gold and one metre at 0.52g/t gold.
Several holes also intersected narrow quartz vein with minor pyrite as well as bands of basalt and dolerite.
This indicates that drilling is potentially close to a dolerite contact.
Further drilling has been planned to systematically explore the project and follow up these results.
Mindax ended the day 6.33 per cent in the red with shares trading at 7.4 cents and a $147.9 million market cap.