Meeka Gold Limited (ASX:MEK) has drilled broad intercepts of gold mineralisation in RC drilling at the Circle Valley Project within the Albany-Fraser Mobile Belt in Western Australia.
Following completion of the regional aircore drilling at Circle Valley in March the company commenced a short program of 150m deep RC drill holes at Anomaly A to test below the 1.2km by 400m zone of regolith gold identified by aircore drilling.
Higher-grade mineralisation (≥0.30g/t Au) intercepted by this drilling, as well as the restated individual metre results from the previously reported 4m metre composite samples from hole 22CVRC001, include:
23m @ 5.09g/t Au from 13m including 10m @ 9.35g/t Au and including 7m @ 2.91g/t Au
24m @ 1.21g/t Au from 24m (22CVRC010)
16m @ 3.06g/t Au from 32m including 4m @ 10.80g/t Au (22CVRC009)
10m @ 4.72g/t Au from 120m including 4m @ 10.20g/t Au (22CVRC008) – hole ends in mineralisation
4m @ 2.51g/t Au from 96m (22CVRC003)
1m @ 1.22g/t Au from 57m (22CVRC003)
1m @ 1.25g/t Au from 109m (22CVRC003)
This higher-grade gold mineralisation sits within a 10-80m thick zone of lower grade mineralisation (≥0.1g/t Au) that thickens and thins along strike and has currently been defined over a strike length of 700m.
The mineralisation is hosted in gneiss within pyrite-biotite shear zones, with higher gold grades associated with k-feldspar alteration. The mineralisation remains open in all directions.
“These results continue to support our thesis that the geology at Circle Valley is fertile for gold mineralisation and that the project remains vastly underexplored and is now the subject of systematic and focussed exploration for the first time,” CEO Tim Davidson said.
“The Ccompany is encouraged by the data that is being collected during the drilling and sampling process as it continues to indicate similarities between the geology and alteration present at Circle Valley, and that which is present at the Tropicana deposit to the northeast (currently host to 4.9Moz gold Mineral Resource).
“We look forward to updating shareholders with respect to this developing exploration story over the coming weeks.”
For further information please visit: https://meekagold.com.au/