Meeka’s oxide gold hits a marker to Turnberry resource upgrade
A resource upgrade at the Turnberry deposit within Meeka’s Murchison Gold Project is imminent as shallow drilling continues to returned high-grade oxide gold mineralisation.
Results such as 12m grading 2.01 grams per tonne (g/t) gold from a down-hole depth of 20m including 4m at 5.23g/t gold (22TBAC054) and 12m at 1.7g/t gold from 16m including 4m at 3.3g/t gold (22TBAC064) were intersected on the Western Flank outside Turnberry’s existing resource of 610,000oz.
Along with previous shallow, high-grade intersections from aircore drilling at the Western Flank, the new results extend the shallow oxide gold zone north and south into areas untested by previous drilling.
Meeka Metals (ASX:MEK) notes that this zone remains open along strike and at depth, and that further drilling is planned to target extensions to the north and at depth.
An upgraded Turnberry resource remains on track for delivery later this month.
“Drilling outside the Mineral Resource, on Turnberry’s Western Flank, continues to deliver shallow oxide gold to the north, and pleasingly, to the south where a conceptual southern extension was drilled and has returned shallow high-grade gold,” managing director Tim Davidson said.
“This drilling will be included in the December 2022 Turnberry Mineral Resource update and planning is in place to further extend the strike of this shallow gold.
“Shallow, high-grade oxide mineralisation added to the Mineral Resource through this drilling will have a meaningful impact on the robust outcomes of our December 2021 Scoping Study and will be included in the upcoming Pre-feasibility Study.”
The shallow oxide gold hits confirm the continuity of mineralisation to the north into a previously untested zone and a conceptual southern extension to the shallow Western Flank mineralisation.
Shallow gold hits in the south sit on the limb of a folded magnetic quartz dolerite unit, which forms a discrete magnetic anomaly.
Aeromagnetic data indicates that the magnetic anomaly extends to the north-northwest of Turnberry.
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.