Join our daily newsletter At The Bell to receive exclusive market insights
- Meeka Gold (MEK) reports “excellent” results for its reverse circulation (RC) drilling program at its Murchison gold project in Western Australia
- RC pre-collar drilling at the Turnberry Central prospect intersected broad zones of shallow gold mineralisation with a peak result of 24.10g/t gold
- The company also received final results from the St Anne’s prospect, with the width and grade of mineralisation in line with results reported in January
- About 6900 metres of drill samplse from the project are awaiting results
- Shares closed 1.85 per cent lower today at 5.3 cents each
Meeka Gold (MEK) has reported “excellent” results for its reverse circulation (RC) drilling program at its Murchison gold project in Western Australia.
RC pre-collar drilling at the Turnberry Central prospect intersected broad zones of shallow gold mineralisation outside the current mineral resource interpretation.
The mineralisation appears to strike northwest away from the mineral resource and has not been targeted by drilling before.
One hole at Turnberry Central returned a result of 16 metres at 6.67 grams per tonne (g/t) of gold from 20 metres including four metres at 24.1g/t gold.
Another returned 29 metres at 1.95g/t gold from 32 metres including three metres at 5.23g/t gold and six metres at 4.06g/t gold.
The company plans to continue drilling at this target once follow-up drilling at the St Anne’s prospect is completed next month.
The company also received final results from St Anne’s, with the width and grade of mineralisation in line with results reported in January.
The strike of this mineralisation now extends for 100 metres and remains open to the north and the south.
One hole returned a result of 20 metres at 1.01g/t gold from 40 metres including one metre at 4.08g/t gold, one metre at 4.69g/t gold, and one metre at 3.5g/t gold.
About 6900 metres of drill samples from the project are awaiting results.
Chief Executive Officer Tim Davidson said he is pleased with the results.
“The results from our ongoing drilling campaign in the Murchison continue to deliver to the upside with shallow gold mineralisation initially identified at St Anne’s, and now at Turnberry Central,” he said.
“Neither of these new zones of shallow oxide mineralisation are included in our Mineral Resource inventory, however, given the grade and width there is strong potential for them to provide additional open-pit mining opportunities.”
Shares closed 1.85 per cent lower today at 5.3 cents each.
