THE DRILL SERGEANT: Meteoric Resources L (ASX: MEI) is set to commence its 2021 Brazilian drilling program at the company’s Juruena Gold Project in Brazil.
Meteoric Resources will be targeting a potential copper-gold porphyry system beneath the high-grade Juruena Epithermal gold deposits.
The key priority of this program, which begins in early February, will be to test the high chargeability anomalies generated by a Deep IP survey, which the company completed at the end of 2020.
An initial 3,600 metres drilling campaign will commence in early February with the rig already onsite.
Three diamond drill holes will test the peak of the chargeability anomaly defined by the 2020 Deep IP and MT survey.
“This drilling campaign could well be a potential game changer for Meteoric,” Meteoric Resources managing director Dr. Andrew Tunks said in the company’s ASX announcement.
“Up until this point we have had a host of positive indicators that led us to believe that the shallow high-grade Epithermal gold mineralisation we see at Juruena was potentially related to a deeper magmatic source.
“The 2020 Deep IP &MT survey continues to support this theory having defined a large, high-response IP chargeability anomaly that demands immediate drill testing.
“As such I am pleased to advise that we mobilised the geology team to site early in the New Year and that drilling of an initial three-hole program totalling around 3,600 metres will start in early February.
“Drilling high value targets like this is a key reason that I became an explorer – there is never a more exciting time than when you are drilling a target that has multiple lines of support and serious size potential.
“What we are about to commence in Brazil represents an enormous opportunity for the company and I look forward to updating you on our results over the coming months as the drilling continues.”