Meeka Gold Limited looks to be riding a winner after recent RC drilling at its Circle Valley project unveiled another thick zone of shallow gold that continues to highlight the precious metal potential of the site about 85km south of Norseman in Western Australia. The probe was aimed at testing the prospectivity of a patch of dirt below a 1.2km by 400m zone of regolith gold.
Meeka says drilling in the area delivered an assortment of solid results coined “Anomaly A” including a 32m strike at 1.39 grams per tonne gold from 4m with an 8m inclusion running 4.96 g/t gold from 28m. Another notable 40m intersection went 0.70 g/t gold from 48m.
The latter sheltered a pair of richer 4m components going 1.60g/t gold from 56m and 1.49 g/t gold from 68m respectively.
Intriguingly, the company says its latest results sit along strike from a suite of previously reported hits including 23m at 5.09 g/t gold from 13m, 24m going 1.21 g/t gold from 24m, 16m running 3.06 g/t Au from 32m and 10m grading 4.72 g/t gold from 120m.
Anomaly A represents one of several large-scale targets at Circle Valley. With the company saying its mineralisation remains open in all directions, the site could be regarded as one of its most prospective.
Meeka argues results from the operation so far add weight to its belief that Circle Valley contains a major gold system.
The company is gearing up to run a petrographic examination along with other technical studies, to dust off some of the unknowns surrounding the mineralogy of the high-grade gold system.
Findings will be fed into its next round of drilling, earmarked for the second half of the year.
Outside its precious metal ambitions, the multi-commodity miner is advancing a raft of WA-based rare earths projects. Recent exploratory work at its nearby Cascade rare earths project delivered a slew of samples with grades of up to 5791 parts per million total rare earths oxides.
At Circle Valley, Meeka is looking at a potential dual asset after the company discovered high levels of permanent magnet metals, mainly neodymium-praseodymium oxides at the site
The miner recently launched a 16,000m probe and expects to receive the assay results for its rare earths inquisition in the coming weeks.
Meeka is working hand-in-hand with the Australian Nuclear Science and Technology Organisation to bring its rare earths operation at Circle Valley to life and is set to deliver a range of findings from the pair’s metallurgical test work next month.
With two lucrative commodities on offer at Circle Valley, the project could be on track to deliver on a number of fronts.
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