Meeka Metals (ASX:MEK) investors are watching closely as Meeka’s geos finds more gold outside of its known mineral resource boundaries.
Results were pulled from the Western Flank of the Turnberry prospect, a target within the larger Murchison project.
Aircore drilling returned seven assay results of promising potential.
The findings provide evidence there is more gold on-site than previously estimated.
The most impressive result lies in drillhole 22TBAC011, which intercepted:
A 32 metre long section with gold grades of 3.09 grams per tonne (g/t)
A 20 metre long section with grades of 4.53g/t (within the same hole).
Investor information service Undervalued Equity notes grades of gold between 4g/t and 5g/t are considered ‘high grade.’
Grades between 2g/t and 4g/t are considered mid-grade.
What this means for Meeka: the company has hit fresh deposits of high grade gold at Murchison.
The northern section of the Turnberry Western Flank remains open to the north and at depth.
Meeka Metals will now proceed with more drilling at Turnberry to further develop estimates of resource potential underground. The project already boasts a 1.1Moz gold resource.
This is not the first time Meeka Metals has found more gold laying on the outskirts of its established project.
Back in July, Meeka’s geos pushed the share price up nearly 7% when drillhole 21TBRCDD011 found an anomalous pocket of a whopping gold grade of 62g/t.
A pre-feas study for the Murchison project wholemeal remains on track for publication in September 2022.
“Mineralisation added to the Mineral Resource through this drilling will have a meaningful impact on the outcomes of our December 2021 scoping study,” Meeka Metals managing director Tim Davidson said.
“Results will also be included in the upcoming pre-feasibility study.”
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