Drilling has intersected thick zones of gold, validating Meeka’s trust in the prospectivity of its Circle Valley project, regarded as a Tropicana gold mine doppleganger.

One of two reverse circulation holes (22CVRC001) drilled to test below a 1.2km by 400m gold-in-soil anomaly (Anomaly A) returned a 20m intersection grading 4.66 grams per tonne (g/t) gold from a depth of 12m within a broader zone of 36m at 2.69g/t gold.

This follows on from Meeka Gold’s (ASX:MEK) 2021 reconnaissance aircore program that returned 21m at 1.05g/t gold within a 23m zone grading 0.64g/t gold from 12m and 4m at 1.49g/t gold within 24m at 0.38g/t gold from 12m.

Previous end of hole multi-element analysis had also indicated that the same pathfinder elements found at Tropicana are present at Circle Valley, an interpretation which has an already excited team of geologists itching for more

“The thick zone of gold mineralisation returned from the very first RC hole to be drilled at Anomaly A is a great result and validates the work we have done up until this point,” chief executive officer Tim Davidson said.

“We are also eagerly awaiting the results from the 6,000m of aircore drilling we have completed at Circle Valley since the beginning of January as part of the ongoing exploration program.

“When received, these results will help define the position of mineralisation and provide more information on the broader project to guide the next phase of exploration.”

Circle Valley covers 167sqkm of large unexplored ground within the same Albany-Fraser Mobile Belt that hosts the 7.1Moz Tropicana gold deposit.

Drilling into the veins

Both RC holes had intersected foliated felsic gneissic rocks of quartz muscovite to quartz biotite composition and some quartz carbonate veins though the thick gold mineralisation encountered in 22CVRC001 does not appear to be associated with veining, it is instead hosted by muscovite altered gneissic rock and is interpreted to be associated with shearing.

Significant strike remains to be tested at Anomaly A with multiple kilometres of magnetic features extending from each of the known primary gold occurrences also remain to be tested.

Meeka is currently drilling additional lines of aircore holes to the east and west of the two RC holes to confirm the strike of the mineralisation, as well as the position of the mineralisation on the southern side of the fault.

Further drilling is also required to confirm the orientation of the mineralisation.

 

 

 

This article was developed in collaboration with Meeka Gold, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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