Meteoric Resources Continues Juruena Golden Run

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) managing director Andrew Tunks spoke with The Resources Roadhouse at the 2019 Brisbane Resources Round-up.

Meteoric Resources had earlier announced the latest batch of assays from the company’s 100 per cent-owned Juruena gold project in Brazil.

Meteoric Resources has received assays from drill holes JUDD003 to JUDD008 of its maiden drilling program, the results from which have continued to produce fresh bonanza grade gold intercepts.

Gold assays received for latest batch of diamond drill holes, include:

14 metres at 81.7 grams per tonne gold from 142m, including 2m at 71.6g/t gold from 144.5m and 2.5m at 287.4g/t gold from 149m; and

3.5m at 15.3g/t gold from 124m, including 1m at 51.9g/t gold from 124m.

Meteoric explained that hole JUDD008 has extended the high‐grade core of mineralisation outside the Indicated portion of the Dona Maria Mineral Resource.

The JUDD008 intercept indicated above was encountered 30m south and around 40m down dip of JUDD001, which intersected 20.6m at 94.9g/t gold from 96.8m, including 3.65m at 508.4g/t gold from 107.5m, with potential that the bonanza grade portion extends even further to the south.

“We knew with the visible gold detected in Hole JUDD008 that the results would be very exciting indeed, but we are thrilled to report more significant intercepts such as fourteen metres at 81 grams per tonne gold in JUDD008 and three and a half metres at 51 grams per tonne gold in JUDD007,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“To date the initial drilling at Don Maria has been a great success and has given us the confidence to model a potential high‐grade ore shoot that we will test in a final deep hole at the end of the program.

“Holes JUDD09 to JUDD013 are being logged and sampled and we look forward to reporting the full results once the assays are returned in early November.

“At Juruena we are now moving our attention to the Tomate and Querosene prospects where we intend to drill a further 10 holes testing some high‐grade areas both inside and outside the known resources.”

Just nearby is Meteoric’s Novo Astro project, which along with Juruena is considered by the company to comprise the most prospective cluster of targets within its extensive Brazilian portfolio.

Previous artisanal mining at Juruena and Novo Astro has identified and exploited both alluvial and primary mineralisation resulting in the manual production of approximately one million ounces of gold.

The Juruena project was intensely drilled by several previous explorers, however, Novo Astro has only been explored by surface exploration meaning there has never been any drilling of Novo Astro to test the gold grade and depth extent of the surface alteration and mineralisation that has been mapped, and where Meteoric recently collected high‐grade rock chips up to 290g/t gold.

Drilling began at Novo Astro in early October, commencing at the José prospect, (Hole NADD005) where rock chip samples of over 200g/t were previously collected.

“I am also excited to report that drilling has now commenced at Novo Astro with the first hole collared into the José prospect on 2 October and expected to be complete by the 15th,” Tunks said.

“A more fulsome update will be provided once the core is geologically logged.”