Meeka Metals (ASX:MEK) tap more high-grade Murchison metalNovember 28, 2023
Meeka Metals has returned more shallow, high-grade gold intercepts from the Turnberry deposit as it looks toward an expanded open pit resource and developmental readiness at its 1.2moz Murchison Gold Project in Western Australia.
New high-grade gold intercepts came in up to 19m @ 8.75g/t Au from 48m from 11 further holes and assays from another 38 holes into the Turnberry and St Anne’s deposits are expected to come in next month and support a grade control model for open pits.
The prefeasibility study over Murchison showed a robust set of numbers, forecasting $261 million in post-tax cash flow over a nine-year mine life, and the plan is laid to get the project to development-ready early in 2024.
Meeka Managing Director Tim Davidson said these assays continued to confirm, and in some places expand, the broad zones of high-grade gold in the Mineral Resource.
“Further assays are expected in December 2023, which will inform the open pit grade control model and updated production plan,” Mr Davidson said.
“We are also on track to submit the remaining development approval documentation in December 2023, further supporting the development ready status of the Murchison Project in early 2024.”
Meeka intends on having its development approval documentation submitted in December, looking forward to development and production into significantly higher-priced gold markets than first envisioned.
- 19m @ 8.75g/t Au from 48m including 10m @ 14.18g/t Au (23TBAC026)
- 5m @ 1.91g/t Au from 70m including 3m @ 2.75g/t Au (23TBAC029)
- 14m @ 1.08g/t Au from 97m including 6m @ 1.86g/t Au (23TBAC029)
- 12m @ 0.95g/t Au from 115m including 6m @ 1.51g/t Au (23TBAC029)
- 7m @ 2.65g/t Au from 35m including 3m @ 4.93g/t Au (23TBAC030)
- 9m @ 1.79g/t Au from 60m including 1m @ 12.50g/t Au (23TBAC031)
- 10m @ 1.25g/t Au from 105m including 7m @ 1.54g/t Au (23TBAC031)
Please note the following valuable information before using this website.
Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.