Meeka’s 1.2Moz Murchison gold project could get even bigger with 2km anomaly at the Bunarra Shear Zone
Special Report: Ongoing field mapping and surface sampling has identified a 2km shear zone within the southern half of the Gnaweeda greenstone belt at Meeka Metals’ Murchison gold project.
Meeka Metals (ASX:MEK) has been focused on updating its resource and economic models at the Murchison gold project in Western Australia as it continues to advance potential funding arrangements.
The company raised $5.3m during the December 2023 quarter, setting it up nicely to fund the next phase of drilling while progressing all remaining approvals required to permit the development-ready asset.
In the meantime, results of ongoing field work highlighted a +2km shear zone in an area of outcropping basement within the southern half of the Gnaweeda greenstone belt.
MEK says this work suggests the en echelon splays within the sheared central mafic unit are the principal host of gold mineralisation and provide multiple, new and untested drill targets.
The gold-arsenic anomalism and shearing at Shaft 1 is also coincident with the interpreted en echelon splays intersected by historical drilling, which returned shallow results including:
MEK managing director Tim Davidson says the company is making solid advances with its target generation work.
“The new information and interpretation provide an important targeting tool and the team are now working to define the northern and southern extents of this shear zone and gather follow up samples to finalise drill planning and test new targets,” he says.
Meanwhile, development approval documentation was submitted in December 2023, with approval expected in early 2024.
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.