THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) has greeted the arrival of the GEOSOL diamond drill rig and crew to the company’s 100 per cent-owned Novo Astro gold project in Mato Grosso, Brazil.
Drilling is expected to commence early October with four initial targets having been selected based on geological mapping, artisanal workings, soil geochemistry and grab sampling.
Novo Astro is located 30 kilometres from the company’s active drilling campaign at its 100 per cent-owned Juruena project.
Together with Juruena, Novo Astro comprises the most prospective cluster of targets within Meteoric’s extensive Brazilian portfolio.
Meteoric Resources explained that previous mining at Juruena and Novo Astro identified and exploited both alluvial and primary mineralisation.
Artisanal mining across both sites commenced at the end of the 1960s and was responsible for the production of approximately one million of gold.
Although the Juruena project was subjected to intense drilling by several previous explorers, Novo Astro has only been explored by surface exploration.
Subsequently, 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 290 grams per tonne gold.
The company’s previous reconnaissance mapping and rock chip sampling at the Novo Astro project defined four targets for follow up drilling: Graça, Matteus, José, and Bodhi.
Meteoric is now set to commence a 21-hole drilling program at Novo Astro.
Over at the Juruena project, diamond drilling has continued to progress with two rigs completing double shifts.
The rigs are completing the final holes at Dona Maria and will soon move to other targets at Querosene and Tomate.