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- Meeka Gold (MEK) restarts drilling at the Murchison gold project in Western Australia
- Drilling will target shallow high-grade gold mineralisation at St Anne’s which is not yet included in a mineral resource estimate
- Additionally, drilling will infill around the western flank of Turnberry where mineralisation was previously intersected outside of the mineral resource
- Meeka remains on track to release the Murchison pre-feasibility study in September and will use the results from the St Anne’s and Turnberry drilling programs
- Meeka ends the day in the grey with shares trading at 6.3 cents
Meeka Gold (MEK) has restarted drilling at the Murchison gold project in Western Australia.
Drilling will target shallow high-grade gold mineralisation at St Anne’s which is not yet included in a mineral resource estimate.
Previous drilling returned 24 metres at 4.81 grams per tonne (g/t) gold from 68 metres including four metres at 20.3 g/t gold, and eight metres at 2.66 g/t gold from 104 metres including one metre at 16.45 g/t gold.
Additionally, drilling will infill around the western flank of Turnberry where mineralisation was previously intersected outside of the mineral resource.
Previous drilling intersected 16 metres at 6.67 g/t gold from 20 metres including four metres at 24.1 g/t gold, and 21 metres at 2.28 g/t gold from 100 metres including four metres at 5.14 g/t gold.
First results are expected in early July and will be released on an ongoing basis.
“We are returning to the Murchison to drill out a number of advanced high priority targets that sit outside the mineral resource,” Managing Director Tim Davidson said.
“Existing drilling demonstrates these high confidence targets have good geological and grade continuity. We are targeting extensions at both strike and depth and aim to bring them into the next mineral resource update.”
Meeka remains on track to release the Murchison pre-feasibility study in September and will use the results from the St Anne’s and Turnberry drilling programs.
It will build upon the foundation set in December which outlined an eight-year life of mine, average gold production of around 50,000 ounces per annum and earnings before interest, tax, depreciation and amortisation of $457 million.
“The team is also advancing the pre-feasibility study as anticipated, which will be finalised in the September 2022 quarter,” Mr Davidson continued.
“Shallow oxide mineralisation added to the mineral resource through this drilling will further enhance the robust outcomes of our December 2021 scoping study and will be included in the pre-feasibility study as appropriate.”
Meeka has ended the day in the grey with shares trading at 6.3 cents.
