Meeka Gold Limited has made a promising start for the year intersecting thick gold mineralisation at its Turnberry South prospect, part of the larger Turnberry deposit in the Murchison region of WA. The company says its latest results add weight to its belief that it could have its hands on a sizeable mineralised system that extends over 5 kilometres.
Some of the better results included an 8 metre intersection going 2.93 grams per tonne gold from 150m which included a higher grade 4m core going 5.54 g/t gold. Other notable intersections were 10m at 2.04 g/t gold from 188m, which housed a 6m strike at 3.02 g/t.
Some of the longer intersections were 13m going 2.18g/t gold from 219m, which included a higher grade 4m core grading 3.87 g/t gold. Interestingly, the company says the sample ends in mineralisation and is still awaiting assays on the final 28m of the hole, leaving the door ajar for even more precious metal hits.
Meeka’s latest probe on its Murchison ground was aimed at zeroing-in on high-grade mineralisation on an eastern limb at Turnberry South. The target zone lies just beneath a planned open pit mine the Perth-based company outlined in a recent scoping study. The study proposed an initial 443,000-ounce production plan.
Management says its latest drill results confirm the continuity of the eastern zone’s mineralisation at depth and believes it could have lifted the veil on a 5km mineralised system that extends from Turnberry to its nearby St Anne’s deposit.
Drilling at Meeka’s Murchison gold project has to-date seen the company probe close to 10,000m of dirt using a combination of RC and diamond drilling. The company is now waiting on results for about three dozen holes totalling over 8000m, with plans afoot to fire up the drill rig in the next couple of weeks as it looks to continue its solid gold run.
Meeka Gold Limited CEO, Tim Davidson said:“We have strong conviction that the Fairway trend, which extends over 5km from Turnberry to St Anne’s, is a large mineralised system that has yet to reveal its true endowment. Our team has started to demonstrate this, and pleasingly the results released in this announcement support this view, confirming thick, high-grade mineralisation at depth below the planned open pit at Turnberry South.”
“With drilling ongoing during 2022 and a significant number of samples at the laboratory awaiting assay, we look forward to updating our shareholders with the results of this work over the coming months.”
Meeka’s flagship Murchison Gold Project takes in a combined 343 square kilometre land package in the prolific and well-endowed Murchison gold fields. The project boasts an envious high-grade resource weighing in at over 1 million ounces.
With assays pending, a drill rig at the ready and a potential 5km mineralised gold system to go after, Meeka Gold could find itself with an array of new followers and it moves into the new year.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au