Meeka Metals confirms shallow oxide gold at St Anne’s, part of its bigger Murchison Gold Project
Special Report: A final set of seven infill drilling assays have returned even more shallow oxide gold intersecting up to 4.66g/t from Meeka Metals’ St Anne’s deposit, part of its Murchison gold project in WA, supporting a low-cost, open-pit mining model.
Meeka Metals’ (ASX:MEK) 281km2 Murchison project currently contains a 1.2Moz resource and an outlined development strategy of 663,000oz gold over an initial 9.3 years, underpinned by a high-grade 410,000oz @ 3.1g/t reserve.
Infill drilling at the St Anne’s deposit has confirmed a shallow gold mining option for it to become the project’s third significant gold find in the Murchison region, where the company has already proven up the 685,000oz Turnberry and 505,000oz Andy Well deposits.
Hits from the final seven infill drill holes at St Anne’s include:
These latest results come off the back of a previous 10 infill drilling assays which showed broad zones of gold up to 9.84g/t Au – also from shallow depths.
MEK managing director Tim Davidson says drilling continues to deliver strong results as the company progresses towards production.
“The submission of the development approval documentation in December 2023 positions our high-grade 1.2Moz Murchison Gold project ripe for development,” Davidson says.
“We expect the remaining development approvals in early 2024 and are now updating our mineral resource and economic models in order to advance funding arrangements.”
MEK is now progressing all remaining environmental studies required to permit the project, as well as investigating opportunities to accelerate the development timeline through low capital options, including toll milling of higher-grade starter pits and scalable processing.
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.