Meeka Metals (ASX:MEK) has unveiled an entirely new target area at its Murchison gold project in WA with assays on an untested area showing mid-to-high grade gold present throughout.
The company has moved to call its new target area the Wood lode.
Investor information provider Undervalued Equity classifies high grade gold as that in concentrations over five grams of gold per tonne of ore (5g/t).
Compare that to Meeka’s results from today:
16m @ 3.48g/t gold from 48m depth, including:
08m @ 6.17g/t gold
12m @ 2.48g/t gold from 76m depth, including:
08m @ 3.55g/t gold
These standout results from the latest batch of reported assay samples were taken only 100m east of an existing lode, called Driver, where the company has previous hit far higher grades. Previous results from Driver include:
32m @ 16g/t gold from 48m depth, including:
16m @ 28g/t gold
20m @ 20g/t gold from 48m depth, including:
16m @ 24g/t gold
04m @ 87g/t gold from 172m depth
Diamond drilling continues to progress at the Wood lode.
The Wood lode is interpreted to remain open to the north and south, as well as at depth, and some 25 extensional drillhole assays are pending (read: drillholes designed to test how far mineralisation spreads from a known target.)
As for the Driver lode, assay results for another 43 shallow extensional drillholes due in the near future.
“The Wood lode is the first of a number of targets to be tested outside of the Driver and Iron lodes, which sit on the western mafic contact at St Anne’s and where we have been drilling since June 2022,” Meeka MD Tim Davidson said.
“This positive early result from the first target in our broader, but disciplined, target testing program highlights the growth opportunity available at our Murchison Gold Project.”
“The ongoing shallow drilling at St Anne’s continues to expand the footprint of high-grade oxide mineralisation within this large gold system.”
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