Meteoric Resources Encounters High-Grade Gold and Copper Extensions at Juruena

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) announced results from the first four holes of its 2020 drilling program from the company’s 100 per cent-owned Juruena gold project in Brazil.

Meteoric Resources reported the assay results from its 2020 drilling at the Juruena gold project extended the high‐grade gold at the Dona Maria prospect and discovered a new style of high‐grade gold copper mineralisation at the Crentes prospect.

Results include:

9 metres at 15.6 grams per tonne gold and 1.5 per cent copper from 100m (141 g/t.m), including 6m at 21.6g/t gold and 2 per cent copper from 101m, and 3m at 6.2g/t gold from 243m (19 g/t.m)

3.4m at 10.1g/t gold from 392m (34 g/t.m), including 0.5m at 71.9g/t gold from 394.5m.

The company highlighted the gold copper intercept of 9m at 15.6g/t gold and 1.5 per cent copper in JUDD024 in the Crentes Fault, saying that in addition to being a spectacular gold intercept, is the highest‐grade copper zone intersected at Juruena.

“The first results from the 2020 drilling have provided Meteoric with confirmation that the Dona Maria high-grade zone does indeed continue down dip and the intercept of 3.4 metres at 10 grams per tonne gold in hole JUDD0025 is over 100 metres below the base of the currently modelled mineral resource,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“This is a great start to the 2020 drilling as obviously the 2020 drilling will have a large impact when the resource is re‐estimated on completion of this program.

“Equally exciting was the much shallower intercept of strong gold‐copper grades associated with intense hydrothermal brecciation giving the best copper grades ever drilled on the project.

“The intercept in JUDD024 of 9 metres at 15.6 grams per tonne gold and 1.5 per cent copper, in addition to comprising a spectacular gold intersection, eclipses the previous best copper result recorded at Juruena in JUDD010, which recorded 54.3 metres at 1.33 grams per tonne gold and 0.23 per cent copper (ASX release 6/11/19).

“Of huge interest to us is that the gold‐copper intercept in JUDD0024 is a whole new style of mineralisation never before noted at Juruena and thus opens up further exploration opportunities and we will continue to chase this emerging potential throughout the 2020 field season.”