Meeka Metals Limited (ASX:MEK) has commenced an infill drilling programme targeting rare earths at Circle Valley in Western Australia’s south.
The 2023 infill programme will focus on the north- western zone where high TREO grades, up to 6,894ppm, are coincident with shallow cover. The mineralization also persistently demonstrates a high proportion of the grade, up to ~30% of the TREO grade, as valuable NdPr magnet rare earths.
The company will also be looking to build on the high-grade gold results at Anomaly A. Assay results will be ongoing during the quarter. Delivery of an initial rare earth Mineral Resource is targeted for the June 2023 quarter.
“Results received in 2022 show a shallowing cover profile to the northwest at Circle Valley, corresponding with a +1,000ppm high-grade component of the rare earth mineralzation, rich in NdPr magnet rare earth elements,” Managing Director Tim Davidson, said.
“This shallow high-grade mineralization trends northwest into an undrilled part of Circle Valley, which will be the focus for Mineral Resource drilling now underway. This drilling will enable delivery of an initial rare earth Mineral Resource during the June 2023 quarter.
“Confidence to advance our rare earth projects to the Mineral Resource development stage is bolstered by the positive results from our ongoing metallurgical test program. This programme shows that the mineralization can be upgraded using low cost and simple beneficiation processes prior to metal extraction through leaching.
“The development of a Mineral Resource, in conjunction with the ongoing metallurgical test work, will support future economic studies.
“Finally, we will commence extensional drilling at Anomaly A in the coming weeks, where broad zones of high-grade gold were intersected during 2022.
“Drilling results are expected throughout February and March 2023.”
For further information please visit: https://meekametals.com.au/
