Meeka (ASX:MEK) infill high-grade gold at TurnberryNovember 15, 2023
Meeka Metals‘ shallow infill campaign on its 685,000oz @ 2.0g/t Au Turnberry Resource has returned more shallow high-grade gold as the company looks towards mining at its fully owned Murchison Gold Project on the northern extent of Mount Magnet in Western Australia.
The first 19 assayed holes intersected broad zones of oxide gold in the lightly drilled parts of the deposit, demonstrating mineralised continuity in the targeted areas and showing the likelihood of an upgraded resource.
“The July 2023 Murchison Feasibility Study highlighted that significant value can be added by infilling and extending Mineral Resources. These results infill areas with reduced drill density, confirming, and in some places expanding the broad zones of gold mineralisation in the Mineral Resource model,” Meeka Managing Director Tim Davidson said.
“Once all results have been received, the open pit grade control model will be updated and is expected to further support the development ready status of the Project in a period of strong gold price.”
- 35m @ 1.49g/t Au from 30m including 9m @ 3.34g/t Au (23TBAC019)
- 22m @ 1.05g/t Au from 30m including 6m @ 2.06g/t Au (23TBAC016)
- 9m @ 1.56g/t Au from 45m including 5m @ 2.29g/t Au (23TBAC012)
- 9m @ 1.47g/t Au from 27m including 6m @ 1.90g/t Au (23TBAC007)
- 7m @ 1.77g/t Au from 30m including 1m @ 8.53g/t Au (23TBAC018)
Assays for another 32 holes are expected by months’ end, with results earmarked to support a grade control model for the Turnberry open pits as Meeka look towards the possibility of getting Murchison on the fast track through toll mining of higher-grade starter pits.
A large, high-grade 1.2Moz JORC Resource and 410koz @ 3.1g/t Au Probable Ore Reserve already offer the foundations for a straightforward development for the 281 square kilometre Murchison project, and Meeka is looking toward recovered gold production of 663,000oz over an initial 9.3-year mine life.
Meeka has continued to build its resources, and with more results soon due from both its Turnberry and St Anne, could have an easy decision to mine soon on hand at Murchison.
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