Meeka Metals uncovers new lode of gold at St. Anne’s; part of WA Murchison gold project

Wed 09 Nov 22, 10:39am (AEST)
Two gold nuggets (authenticity unknown) photographed in between three larger rocks against a dark background
Source: iStock

Key Points

  • Meeka Metals has unveiled an entirely new gold lode at St. Anne’s, part of the Murchison gold project
  • Assay results show gold mineralisation 100m to the east of the known Driver lode
  • Over 60 more assays across both targets due in coming months

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 

Rigs remain, assays due 

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. 

First of multiple targets 

“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.” 

Meeka Metals' six month charts
Meeka Metals' six 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.


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.

Get the latest news and insights direct to your inbox

Subscribe free