Meeka Gold has grown its landholding at the Circle Valley project in WA by 33% with the granting of Exploration License E63/2214. 

“We have significantly expanded Circle Valley by securing the interpreted extension of the saprolite clay horizon to the north,” Meeka Gold (ASX:MEK) MD Tim Davidson says.

“This clay horizon is prospective for high-grade rare earths,” he adds. “Importantly, the new tenure also covers two regional shear zones on the margin of the Yilgarn, both highly prospective for Tropicana style gold mineralisation.”

Clay hosted rare earth potential

The area encapsulates the northern extension of the clay hosted rare earth horizon where shallow, thick, high-grade intersections include:

  • 12 metres at 715ppm TREO (40% Magnet REO) from 8 metres including 4 metres at 1,269ppm TREO (22CVAC030);
  • 36 metres at 672ppm TREO (32% Magnet REO) from 12 metres including 16 metres at 1,098ppm TREO (22CVAC031);
  • 5 metres at 1,040ppm TREO (30% Magnet REO) from 36 metres including 4 metres at 1,177ppm TREO (CVAC023); and
  • 36 metres at 672ppm TREO (34% Magnet REO) from 28 metres including 12 metres at 1,003ppm TREO (CVAC017).

Tropicana-style gold mineralisation

Notably, the project sits within the Albany-Fraser Mobile Belt – which hosts the Tropicana gold mine.

And the tenure also covers the highly prospective Cascade and Bishops Hat Shear Zones, which are targets for Tropicana style gold mineralisation.

Gold intersections at Circle Valley include:

  • 23m at 5.09g/t Au from 13m including 10m at 9.35g/t Au (22CVRC001);
  • 16m at 3.06g/t Au from 32m including 4m at 10.80g/t Au (22CVRC009); and
  • 10m at 4.72g/t Au from 120m including 4m at 10.20g/t Au (22CVRC008) – hole ends in mineralisation.
Meeka Gold
Pic: Meeka’s Circle Valley Project (222km2) showing new tenure, existing drill holes and interpreted northern extension of the saprolite clay horizon.

Work at Cascade project advancing

Davidson says that, in addition to expanding Circle Valley, work continues to advance at an “uncompromising pace” at the company’s Cascade rare earths project.

“We anticipate reporting 16,000m of rare earth assays over the coming two months,” he says.

“We also expect to receive gold assays by mid-June 2022 from Anomaly A where drilling tested strike extensions to the broad zones of high-grade gold mineralisation.

“Finally, ANSTO has informed us that the rare earth metallurgical test work is progressing to schedule with results expected in late July 2022.”

 

 

 

This article was developed in collaboration with Meeka Gold Limited, 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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