Meeka Metals Drilling St Anne’s on Track to Murchison Pre-Feasibility Study
THE DRILL SERGEANT: Meeka Metals (ASX: MEK) is in the middle of a RC drilling campaign at the St Anne’s deposit, part of the company’s 100 per cent-owned Murchison gold project in Western Australia.
RC hole 22SARC005 returned positive indications with visible gold observed in the RC chips.
Currently, shallow extensional and RC drill samples are being processed or in transit to the laboratory.
Diamond drilling will commence in early October 2022 and target primary mineralisation below and along strike from hole 22SARC005.
An initial St Anne’s Mineral Resource remains on track for release in the December 2022 quarter.
The company has deferred the current Pre-Feasibility Study to allow the inclusion of St Anne’s.
In addition to drilling underway in the Murchison, a short diamond drilling program has commenced at Circle Valley following up on high grade gold results returned from RC drilling in the first half of 2022.
“The positive results from the ongoing drilling at St Anne’s gives us confidence this large gold system will continue to grow,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.
“This is reinforced by early indications from RC drilling underway at St Anne’s that has intersected abundant visible gold at the target depth below previously reported shallow, high-grade intersections in the oxide horizon.
“Given the shallow, high grade nature of mineralisation at St Anne’s and the potential for this to have a meaningful impact on the outcome of the Study, we have decided to defer the release of the Study.
“The expanded study incorporating St Anne’s will now be released in mid-2023.
“This will allow us to optimise the impact of St Anne’s on our other mining centres and mill sizing.
“In addition to drilling underway in the Murchison, diamond drilling has commenced at Circle Valley.
“This short program will provide valuable information for a larger drill program commencing in January 2023.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
