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Meteoric Resources NL
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Dona Maria, Crentes | |
| Location: | Brazil | |
| Commodities: | Gold-Copper | |
| Date: | 11/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-11-2019: Meteoric Resources NL announces an Exploration/Drilling Update report for its Dona Maria, Crentes deposit at the Juruena project. Drilling results incl. 54.25m @ 1.33g/t Au, 0.23% Cu from 171.25m. Meteoric Resources NL (ASX: MEI) (“the Company” | |
| Resources: | (Resource, I+I): 1.28Mt @ 6.3g/t Au at Juruena total | |
| CP/QP: | [Overall Report]: Peter Sheehan (Not stated) | |
| ABSTRACT: | Meteoric Resources NL (ASX: MEI) (“the Company”) is pleased to announce that the latest assays have been received from drill holes JUDD009 and 010 during Meteoric’s maiden drill program at the 100% owned Juruena Gold Project in Brazil. The new drill results highlight both a deep high‐ grade epithermal gold intercept together with an entirely separate style of porphyry hosted gold‐ copper mineralisation which is interpreted as part of a larger gold‐rich copper porphyry system. Managing Director Andrew Tunks said: “I couldn’t be happier to report that JUDD009 has confirmed high‐grade gold mineralisation at Dona Maria is open at depth, as our structural models suggested. This hole intersected high‐grade gold at the base of the current resource, deeper than any historic drilling and has allowed us to plan follow‐up deep drilling that if successful could significantly increasing this resource. The gold‐copper mineralisation in JUDD010 and JUDD011 (awaiting assays) is incredibly exciting and builds on our belief that the high‐grade prospects like Dona Maria and Querosene are epithermal gold deposits related to a proximal porphyry Au‐Cu system. This intercept opens a new and exciting exploration opportunity for Meteoric and the geology team are working hard to understand the real potential of this Au‐Cu mineralisation before planning further drilling, with the high‐grade gold lodes remaining the focus of drilling for the completion of this program at Juruena. Novo Astro exploration is ongoing and drilling will now ramp up with a second GEOSOL rig having mobilised to the project and first assay results expected in late November.” | |
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