A pre-feasibility study for the Murchison Gold Project remains on track for release in September. Pic via Getty Images
Mining
A whole lot more of the precious metal has been found on the Western Flank of Turnberry after shallow aircore drilling intersected broad zones of gold outside the mineral resource.
Drilling highlights include:
Meeka (ASX:MEK) says this gold mineralisation is in a zone untested by previous drilling and remains open to the north and at depth.
The company plans to conduct further drilling to increase strike to the north and extend existing holes.
MEK managing director Tim Davidson says these ‘exceptional results’ highlight the growth opportunity the company sees at Murchison.
“Preparations are underway for further drilling to expand the footprint of these shallow, high-grade lodes following the drilling currently in progress at St Anne’s,” he says.
“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 PFS is progressing well and remains on schedule for September 2022.
These new assays follow previously reported significant, shallow high-grade intersections from the Western Flank, including 16m at 6.67g/t gold from 20m, including 4m at 24.10g/t gold and 11m at 1.25g/t gold from 66m.
MEK is awaiting the assays from the remaining 13,796m of drilling for high-grade rare earths at Circle Valley before more gold results from Murchison expected at the beginning of August.
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.
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