“The laminated hydrothermal veins observed in the drill core from Margaret are typical of the style of mineralisation observed at Andy Well, which can be very high-grade. Importantly, the mineralisation has not been closed off and remains open at depth, and to the north and south,” says CEO.
Meeka Gold Ltd (ASX:MEK) has uncovered gold mineralisation in all six diamond holes drilled at Margaret lode of the Murchison Gold Project in Western Australia, intersecting a prospective laminated hydrothermal vein typical of mineralisation discovered in the Andy Well area.
Diamond drilling at Murchison resumed in early January as planned, targeting the Margaret lode in the Andy Well area as well as Turnberry Central.
The Margaret lode remains open at depth and along strike to the north and south.
Potentially very high-grade orebody
“The laminated hydrothermal veins observed in the drill core from Margaret are typical of the style of mineralisation observed at Andy Well, which can be very high-grade,” Meeka Gold CEO Tim Davidson said.
“Importantly, the mineralisation has not been closed off and remains open at depth, and to the north and south.
“We also know from observations at Judy that tenor and strike of mineralisation improved with depth following the initial discovery of the orebody.
“We will process this core and have it at the laboratory for assay in quick succession before planning the next phase of drilling targeting the Margaret lode.”
This phase of drilling at the Margaret lode is now complete and the drill has been moved to Turnberry Central to target mineralised extensions below the planned open pit mine outlined in the December 2021 scoping study.
About Meeka Gold
Meeka Gold is a junior gold explorer with a portfolio of exploration projects across Western Australia.
Meeka’s flagship Murchison Gold Project has a combined 343 square kilometres landholding in the prolific Murchison Gold Fields of Western Australia and hosts a large, high-grade 1.1-million-ounce mineral resource.
In addition to the Murchison Gold Project, the company owns the Circle Valley Gold Project in southern WA.
Circle Valley sits in the Albany Fraser Mobile Belt which hosts the Tropicana gold mine (3-million-ounce past production).
Gold mineralisation has been identified in two separate locations at Circle Valley and presents an exciting greenfields exploration opportunity which Meeka is aggressively pursuing.
Read More:Meeka Gold Ltd intersects mineralisation in all six diamond holes at Margaret lode of Murchison Gold Project
2022-01-25 02:34:07
