Meeka Metals flags high grade gold and depth potential at Turnberry
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The latest assays from a further seven diamond drill holes at Turnberry, part of Meeka Metals’ Murchison Gold Project have demonstrated the continuity of the thick zones of gold below the planned open pit.
The assays also confirmed the high-grade nature of the western lode, which sits 20 to 50m to the west of the main zone of mineralisation at Turnberry central, with a number of holes intersecting visible gold.
“Importantly, the high-grade western lode located 20-50m to the west of the main lode was confirmed to extend 150m to the south of previous intersections where visible gold was also logged in drill holes,” Meeka Metals (ASX:MEK) MD Tim Davidson said.
“The western lode is a potential underground mine below the planned open pit.”
The new assays also showed the broad zones of gold at Turnberry Central extend at depth:
Davidson said the company is now seeing the depth potential of the highly fertile 7km shear system that hosts both Turnberry and St Anne’s.
“With these results from Turnberry in hand, our focus is now on drilling out St Anne’s, targeting primary mineralisation in the fresh rock,” he said. “Diamond drilling at St Anne’s will commence in early October 2022.”
“This will provide additional capacity to target primary mineralisation in the fresh rock, while also gathering important structural information about the St Anne’s mineralisation.
“Shallow strike extensional drilling into the oxide zones remains ongoing at St Anne’s.”
The company plans to release a Mineral Resource update for Turnberry, incorporating shallow drilling from the western flank, results from the high-grade western lode and from below the 2021 Scoping Study open pit shell, in the December 2022 quarter.
This article was developed in collaboration with Meeka Metals 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.