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Meteoric Resources NL
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Dona Maria | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2019: Meteoric Resources NL announces an Exploration/Drilling Update report for its Dona Maria deposit at the Juruena project. Drilling results incl. 20.6m @ 94.9g/t Au from 96.8m. Meteoric Resources NL (ASX: MEI) (“the Company”) is pleased to announ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Sheehan (Not stated) | |
| ABSTRACT: | Meteoric Resources NL (ASX: MEI) (“the Company”) is pleased to announce assays have been received from two drill holes from its maiden drilling program currently underway at its 100% owned Juruena Gold Project in Brazil. DDH JUDD001 intercepted a thick zone of strongly altered granite and assays confirm a broad zone of bonanza grades with 20.6m @ 94.9 g/t Au from 96.8m, which includes 3.65m @ 508.4 g/t Au from 107.5m. DDH JUDD002 intercepted two separate zones of alteration and gold mineralisation returning assays of 1.1m @ 22.68 g/t Au from 41.2m and 4.5m @ 6.20 g/t Au from 46.6m. Managing Director Andrew Tunks said, “We were expecting something special from our first holes at Juruena after we intersected visible gold and intense alteration, however the results have exceeded even my expectation. In fact, this is the best drilling intercept I have ever been involved with in my career. While we were confident of the possibilities based on the historic drilling and the gold we observed, it is very reassuring to have assay numbers that support our interpretation. “I am extremely proud of what the Company and the exploration team has achieved since the acquisition in April. We have recruited and deployed excellent staff, contracted and mobilised two drill rigs and struck bonanza grades. All done in remarkably quick time. “We have now completed eight holes and are testing some deeper targets beneath Dona Maria that are very exciting. The geological logging, sample dispatch and assay procedures are flowing well ensuring a steady flow of drill results over the coming months. Furthermore, we have recognised the untapped potential at the Novo Astro Project and moved quickly to execute an exploration and drilling program in tandem with Juruena.” | |
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