Rare Earths

Large scale rare earth project coming into fruition for Meeka Gold

Mon 30 May 22, 11:09am (AEST)
2022-05-30 10 55 28-pdf
Source: Source: Meeka Gold

Stocks in article

mek
MktCap:
-

Commodities in article

Share article

Key Points

  • Assays have returned shallow, high grade rare earth mineralisation at the Cascade Project
  • Cascade has a sizeable total project area of 2,068km2
  • Meeka plans to commence drilling activities in September this year

A potential large scale rare earth project for Meeka Gold (ASX: MEK) is coming into fruition after assays confirmed the presence of shallow, high value rare earth mineralisation at the Cascade Project in WA.

The results demonstrated what management regard is the "remarkable scale" of the mineralisation, covering just over half or 1,143km2 of the Cascade project.

Meeka sees further upside to the scale of the discovery, as the Northern and Central blocks of Cascade have never been drilled for rare earths.

Despite the lack of exploration in the prospective Northern and Central areas, surface samples from depleted zone displayed grades of up to 633 ppm (parts per million).

2022-05-30 10 57 12-pdf
Source: Meeka Gold

Plans for drilling

“The potential for significant zones of clay hosted rare earth mineralisation below these high grade surface samples is considerable,” commented CEO Tim Davidson.

For context, today's samples were extracted from depths between 2-16 meters.

"Planning is now underway to expedite the northern and central block drilling."

Upcoming catalysts

Meeka has immediate plans to accelerate the Cascade project, including:

  • Plan targeting for the highest value zones of mineralisation

  • Lodge applications for regulatory approval for drilling activities

  • Metallurgical testwork results

Drilling is targeted for September, assuming timely activity planning and regulatory approval.

2022-05-30 10 55 04-Meeka Gold Ltd (ASX MEK) Share Price - Market Index
Meeka share price chart

 

Written By

Kerry Sun

Finance Writer & Social Media

Kerry holds a Bachelor of Commerce from Monash University and was Vice President of the University Network for Investing and Trading (UNIT). He is an avid swing trader, and drawn to breakouts and technical set ups. Outside of writing and trading, Kerry is a huge UFC fan, loves poker and bouldering.

Get the latest news and media direct to your inbox

Sign up FREE