Meeka Metals logs raft of new gold hits on western fringe of Turnberry prospect

Wed 07 Dec 22, 10:21am (AEST)
Close-up detail of gold mineralisation in pyrate type rocks at an unknown location
Source: iStock

Key Points

  • Meeka Metals has uncovered new gold intersections in aircore drilling at western end of Turnberry, part of Murchison project
  • Mid-grade gold hits lesser than most recent Western Flank drilling but indicate gold spreads into untested areas
  • An upgraded JORC for Turnberry will be published later this month ahead of a Murchison project PFS, likely to release next year

Meeka Metals’ (ASX:MEK)Turnberry prospect, part of the company’s larger Murchison gold project in WA, has become the site of another series of gold intersections in the company’s latest drill run. 

Meeka reported the new raft of mid-grade gold hits on Wednesday. The Murchison project also contains the lucrative St. Anne’s deposit which has before returned bonanza grades on-site. 

The most recent drilling has targeted the Western Flank area of the Turnberry prospect, beyond the boundaries of identified mineral resource dimensions. 

St. Anne’s was also the site of an entirely new gold lode discovered last month

What has Meeka found?

Getting straight into today’s fresh results, it’s worth keeping in mind investor information provider Undervalued Equity classifies high-grade gold as that in concentrations over 5 grams of gold per tonne of ore (5g/t). 

Many projects in Australia boasting grades of 4g/t are also considered ‘high-grade.’ 

With that in mind, take a look at Meeka’s newest results from Turnberry:

  • 12m @ 2.01g/t gold from 20m depth, including: 

    • 04m @ 5.23g/t gold 

  • 12m @ 1.70g/t gold from 16m depth, including: 

    • 04m @ 3.30g/t gold 

  • 16m @ 1.18g/t gold from 96m depth, including:

    • 04m @ 3.10g/t gold 

  • 08m @ 2.09g/t gold from 36m depth, including:

    • 04m @ 3.78g/t gold 

Upcoming MRE

While grades do not match up the most previously reported intersections at Western Flank (standout result 16m @ 6.67g/t gold from 20m depth) Meeka notes the shallow oxide gold system remains open along strike and at depth; extending to the north and south untested by drilling. 

In between the lines, it’s safe to say Meeka isn’t done sniffing out Turnberry yet. 

Whether or not it will be able to find further gold hits before an updated JORC Mineral Resource Estimate is published later this month remains to be seen. That upgraded MRE will become part of an upcoming pre-feasibility study for the Murchison project. 

“This drilling will be included in the December 2022 Turnberry Mineral Resource update and planning is in place to further extend the strike of this shallow gold,” Meeka chief Tim Davidson said. 

“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.”

Meeka Metals' three month charts
Meeka Metals' three month charts
Disclaimer: Market Index helps small-cap ASX listed companies connect with Australian investors through clear and concise articles on key developments. Meeka was a client at the time of publishing. All coverage contains factual information only and should not be interpreted as an opinion or financial advice.


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Written By

Jonathon Davidson

Finance Writer

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.

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