Meeka Metals Reports Initial High-Grade Oxide Mineral Resource at St Anne’s

THE DRILL SERGEANT: Meeka Metals (ASX: MEK) has reported an initial open pit constrained Mineral Resource for the St Anne’s deposit, part of the company’s 100 per cent-owned Murchison gold project in the lead up to the RIU Resources Roundup in Sydney next week.

Meeka Metals has taken the Mineral Resource Estimate (MRE) for the Murchison gold project to 12.7 million tonnes at three grams per tonne gold for 1.215 million ounces on the back of the newly reported initial open pit constrained oxide Mineral Resource of 270,000 tonnes at 2.8g/t gold for 25,000 ounces.

The company describes St Anne’s as a shallow, high-grade deposit with no prior mining where it has reported initial MRE from surface to a depth of approx. 90m.

The deposit has a strike length of 550m and remains open to the south and at depth presenting potential for an underground Mineral Resource to be reported below the open pit with further drilling.

“Over the 6 months to December 2022, drilling identified shallow, high-grade oxide gold at St Anne’s and we quickly moved to determine a high-confidence Indicated Mineral Resource,” Meeka Metals managing director Tim Davidson said in the company’s ASX announcement.

“This decision was strategic, given we knew shallow high-grade oxide material would be a valuable addition to our upcoming Pre-feasibility Study.

“The open pit optimisation constraining the Mineral Resource reflects current mining costs and provides immediate input into our Pre-feasibility Study.

“This approach ensures a conservative and valuable addition to our Mineral Resource is reported for St Anne’s.

“St Anne’s remains open to the south and at depth, and it is likely that with further drilling an underground Mineral Resource will be reported.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE