THE CONFERENCE CALLER: Meteoric Resources managing director Andrew Tunks filled us in about the company’s recent Brazilian drilling success at the RIU Resources Investor Roadshow in Melbourne.
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Meteoric Resources (ASX: MEI) received assays from from its maiden drilling program currently underway at the company’s 100 per cent- owned Juruena gold project in Brazil.
Meteoric Resources said the assays related to the first two diamond drill holes of its current campaign, JUDD001 and JUD002, both of which intersected visible gold at the Dona Maria rospect.
DDH JUDD001 intercepted a thick zone of strongly altered granite and assays confirm a broad zone of bonanza grades, including:
20.6 metres at 94.9 grams per tonne gold from 96.8m, including 3.65m at 508.4g/t gold from 107.5m.
DDH JUDD002 intercepted two separate zones of alteration and gold mineralisation returning assays of:
1.1m at 22.68g/t gold from 41.2m; and
4.5m at 6.2g/t gold from 46.6m.
“We were expecting something special from our first holes at Juruena after we intersected visible gold and intense alteration, however the results have exceeded even my expectation,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.
“In fact, this is the best drilling intercept I have ever been involved with in my career.
“While we were confident of the possibilities based on the historic drilling and the gold we observed, it is very reassuring to have assay numbers that support our interpretation.
“I am extremely proud of what the company and the exploration team has achieved since the acquisition in April.
“We have recruited and deployed excellent staff, contracted and mobilised two drill rigs and struck bonanza grades.
“All done in remarkably quick time.
“We have now completed eight holes and are testing some deeper targets beneath Dona Maria that are very exciting.
“The geological logging, sample dispatch and assay procedures are flowing well ensuring a steady flow of drill results over the coming months.
“Furthermore, we have recognised the untapped potential at the Novo Astro project and moved quickly to execute an exploration and drilling program in tandem with Juruena.”