Meeka Metals’ St Anne prospect flourishes with new gold zone
With the identification of new zones of shallow gold at both the Wood and Brassie prospects.
Meeka Metals (ASX:MEK) says the inclusion of these new zones of shallow oxide mineralisation in the mineral resource will enhance mining options for the pre-feasibility study (PFS) due in mid 2023.
Drilling recently intersected shallow oxide gold mineralisation, now called the ‘Brassie’ lode, 320m northeast of the Driver lode at St Anne’s, part of the Murchison Gold Project.
Assays include 12m at 2.33g/t gold from 44m, including 4m at 3.96g/t gold and 4m at 1.99g/t gold from 52m with the Brassie lode remaining open to the north and at depth.
Shallow drilling also continues to extend the strike of the Wood and Driver lodes with results such as 24m at 1.45g/t gold from 119m, including 4m at 3.61g/t gold, 16m at 1.59g/t gold from 88m, including 4m at 3.50g/t gold and 8m at 4.54g/t gold from 76m as well as 4m at 8.55g/t gold.
The Brassie lode is the second conceptual target at St Anne’s to deliver shallow high-grade gold, following the discovery of the Wood lode in early November 2022.
Both lodes remain open along strike and shallow drilling is underway targeting the northern extensions to this high-grade mineralisation.
“This will allow drill outs at the new zones of shallow oxide gold for inclusion in the mineral resource, providing a more meaningful picture of St Anne’s for inclusion in the prefeasibility study being released in mid-2023.”
Meeka expects to receive initial metallurgical test work results in December ahead of a mineral resource update at Turnberry.
Gold assays from aircore (AC) and reverse circulation drilling at St Annes are expected any time between December and March 2023.
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.