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Meteoric Resources NL
Summary
| Project: | Joyce | |
|---|---|---|
| Deposit: | Joyce | |
| Location: | Canada | |
| Commodities: | Copper-Nickel-Cobalt-Gold-Platinum-Palladium | |
| Date: | 3/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-3-2019: Meteoric Resources NL announces an Exploration/Drilling Update report for its Joyce deposit at the Joyce project. Drilling results incl. 0.61m @ 1.845% Cu from 50.19m. Meteoric Resources NL (ASX: MEI; “Meteoric” or the “Company”) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Sheehan (Not stated) | |
| ABSTRACT: | Meteoric Resources NL (ASX: MEI; “Meteoric” or the “Company”) is pleased to update shareholders on the results received from the recently completed diamond drill program carried out at the Company’s Joyce Cu-CoAu Project, located in West Ontario, Canada (Figure 1). The drilling program, the first ever drilling to be carried out at the Joyce Project, comprised four holes for a total of 492m and was completed in January 2019. Drilling targeted historic trenching results containing values up to 0.3% Co, 11.0% Cu and 8.07 g/t Au (separate grab samples- refer ASX announcement 14 May 2018), in addition to coincident airborne EM and magnetic anomalies directly associated with trenching results (Figure 2) as well as hanging wall and footwall airborne EM-plate modelling. Drill hole JR-19-04 intersected 1.845% Cu over 0.61m from 50.19m downhole. Meteoric Resources MD, Dr Andrew Tunks commented: “The maiden drill program at Joyce River was truly maiden, being the first ever drilling to be carried out at the Project of the Cu-Co occurrence which was originally discovered in 2007. The results from the drilling do not support the encouragement we received from surface sampling, particularly in relation to the gold and cobalt values which are low. Whilst this program tested only the western most geochemical and EM anomalies, additional coincident EM-magnetic anomalies located beneath thin cover in the east are anticipated to be the focus of future exploration programs. “The Company is continuing to progress its exploration programs at other prospective projects within the cobalt portfolio, namely Beauchamp, Iron Mask and Mulligan East, where the Company has recently completed an extensive airborne geophysics program.” | |
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