Meeka makes new discovery at St Annes with exceptional growth opportunity
Results have been received for 38 aircore drill holes at St Annes, part of the Murchison Gold Project, showing broad zones of gold intersected at the northern end.
While assays remain pending for a further 3,614m of drilling, a program is underway targeting the 400m untested zone between the northern end and southern ends of St Annes, which is yet to be included in the mineral resource.
This area is immediately along strike and to the south of these high-grade results which include 32m at 16.07g/t gold from 48m, including 16, at 28.59g/t gold and 20m at 20.74g/t gold from 48m, including 16m at 24.86g/t gold.
Meeka Metals (ASX:MEK) managing director Tim Davidson says the broad zones of shallow gold continue to demonstrate exceptional growth opportunity at the Murchison Gold Project.
“Pleasingly, these results also demonstrate the significant high-grade potential as we continue to grow the footprint of this large gold system.
“We are also working toward the inclusion of St Anne’s in our next Mineral Resource update, targeted for the second half of this year.”
Now, MEK is continuing drilling at St Anne’s targeting the central zone with results expected in the coming weeks.
Mineralisation at St Anne’s sits within a highly fertile shear zone, which is also host to the Turnberry deposit (610,000oz at 1.7g/t gold) roughly 3.5km north.
Outside of the immediate zones of mineralisation at Turnberry and St Anne’s, limited drilling has been completed along the highly fertile 7km gold shear system.
Where this sparse, broadly spaced reconnaissance drilling has intersected the shear zone, gold is evident.
Importantly, drilling records indicate the package of rocks that host gold at Turnberry and St Anne’s also strike in a similar trend.
Following extensional drilling at both St Anne’s and Turnberry, this shear zone will become the focus of work, targeting large zones of thick, shallow gold mineralisation.
Assays from the remaining 13,796m drilling program of rare earths at Circle Valley will be released between August and September, along with further gold assays from Murchison between August and October.
This article was developed in collaboration with Meeka Metals, 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.