Strong gold results at Meeka Metals’ St Anne’s deposit smooths the path for an updated production plan in early ’24

New gold hits up to 9.84 g/t gold have been returned from infill drilling at St Anne’s
St Anne’s is a shallow, high-grade deposit with no prior mining and is within MEK’s Murchison gold project area
An updated production plan is targeted for early ’24

Special Report: High-grade results have been returned from the first 10 infill drill holes at St Annes, part of Meeka Metals’ Murchison gold project, with assays for another seven expected in January 2024.

Meeka Metals (ASX:MEK) has received the latest gold assays from infill drilling just below the transported cover and up-dip from previous drilling into the shallow St Anne’s resource.

These results confirm the continuity of gold in the shallow oxide zone, which is important as MEK positions the pits for mining.

New high-grade gold intersections include:

6m at 3.71 g/t gold from 53m, including 2m at 9.09 g/t gold;
7m at 3.51 g/t gold from 26m, including 2m at 9.84 g/t gold;
15m at 1.47 g/t gold from 34m; and
5m at 2.15 g/t gold from 68m, including 2m at 4.95 g/t gold.

MEK says the results will be included in the next resource upgrade and will support a grade control model for the St Anne’s open pits in the March 2024 quarter.

Underground resource potential

St Anne’s is a shallow, high-grade deposit with no prior mining.

The initial resource has a strike length of 550m and is reported from surface to a depth of ~90m where the density of drilling reduces.

MEK says the potential for an underground resource below the open pit will be considered with further drilling.

Moving closer to development-ready status

“Along with the recent strong results from Turnberry infill drilling, the St Anne’s results will inform an open-pit grade control model and updated production plan, further supporting the development-ready status of the Murchison gold project in early 2024,” MEK managing director Tim Davidson says.

“The team is also in the process of submitting the remaining development approval documentation with approvals expected in the first half of 2024.”

Assays for the final three holes from Turnberry are expected in January 2024 and work has now commenced on the grade control model for the open pits.

Development approval documentation is largely submitted, with approvals expected in the first half of 2024.

 

This article was developed in collaboration with Meeka Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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