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Meteoric Resources NL
Summary
| Project: | Juruena | |
|---|---|---|
| Deposit: | Juruena | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 2/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-2-2020: Meteoric Resources NL announces an Exploration/Drilling Update report for its Juruena deposit at the Juruena project. Drilling results incl. 4.4m @ 13.5g/t Au from 300m. Meteoric Resources NL (ASX: MEI) (“Meteoric” or “the Company”) is pleased | |
| 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) (“Meteoric” or “the Company”) is pleased to announce recent assay results from its 100% owned Juruena and Novo Astro Gold Projects in Brazil which were carried out as part of the Company’s maiden 2019 drilling programs across its Brazilian portfolio. Managing Director Andrew Tunks said: “This fantastic result from JUDD022 caps a remarkable maiden drilling campaign by Meteoric at Juruena which commenced with one of the best drill results in the World in 2019 of 20.6m @ 94.9 g/t Au from 97m and was followed by some further stunning results during the campaign. To my mind, this final result is the best of the bunch as it confirms the high grade is open at depth, providing us with a host of immediate drill targets to substantially grow the Juruena resource. It really is only the beginning of the road for Juruena and I can’t wait to get the drill rigs turning again and see just how wide and deep the high grade mineralisation at Dona Maria extends. “In technical terms, the results from JUDD022 confirm the interpreted continuity and steep southerly plunge of the southern high‐grade ore shoot at Dona Maria. JUDD022 intercepted the mineralised zone approximately 30m below the current Mineral Resource model and conclusively shows the mineralisation is still strong below that depth. We expect to commence drilling early in Q2, with the exact date dependent on the cessation of the current wet season.” | |
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