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Meteoric Resources Nl
Meteoric Resources NL (ASX:MEI) is targeting gold exploration at the Company's wholly owned Juruena and Novo Astro Gold Projects, located in the Alta Floresta Belt in the state of Matto Grosso in Central Brazil.
The Juruena Project contains a current Global Mineral Resource Estimate (JORC 2012) of 1.3Mt for 261koz Au at 6.3 g/t comprising:
- High grade Dona Maria & Querosene resources - 436,000t @ 14.7g/t for 205,000 oz Au
- Large-tonnage, lower-grade Crentes resource with - 846,000t @ 2.0 g/t for 55,000 oz Au
MEI is currently carrying out its maiden drilling program in Brazil with first results anticipated in September 2019.
Following Meteoric Resources's (ASX:MEI) initial drilling programme at Coorara in the South Yilgarn iron ore province, the company has carried out further geological mapping and sampling to identify additional drilling targets for hematite-goethite mineralisation with direct shipping potential.
North Australian Diamonds Limited (ASX:NAD) To Farm In Meteoric Resources Nl (ASX:MEI) Webb Tenements
Meteoric Resources Nl (ASX:MEI) has signed a Heads of Agreement with North Australian Diamonds Limited (ASX:NAD) for NAD to explore a 500sq km package of four Meteoric tenements in the West Arunta region of Western Australia for diamonds. Meteoric holds a 100% interest in three granted exploration licences with rights to acquire up to a 90% interest in exploration licence application E80/2506. These tenements are in addition to tenements where Meteoric is currently exploring for gold and copper in this previously unexplored region.
As part of its regional appraisal of the unexplored West Arunta region of Western Australia, Meteoric Resources NL (ASX:MEI) has acquired a 500sq km package of exploration licences over a cluster of more than 50 discrete, high frequency magnetic anomalies evident from regional aeromagnetic data in the Webb area.
Meteoric Resources NL (ASX:MEI) has completed 22 reverse circulation (RC) drill Holes totalling 1,455m as part of its initial drilling programme at the Coorara iron project in the South Yilgarn iron province. The drilling forms part of a larger programme which was interrupted by severe thunderstorms and heavy rain, as a result three holes remain to be logged and sampled. Drilling is expected to resume at a later date when a suitable rig becomes available.
Meteoric Resources NL (ASX:MEI) Update On Recent Iron Ore Exploration Activities In Coorara District
Meteoric Resources NL (ASX:MEI) is encouraged by recent iron ore exploration activity in the South Yilgarn iron ore province, in particular by the potential of some of these activities to positively impact Meteoric's Coorara iron project. Activities include Macarthur Minerals' (CVE:MMS) (PINK:MMSDF) recent announcement of positive scoping study results on its Lake Giles iron ore project.
Meteoric Resources NL (ASX:MEI) wish to announce that the Company has reached agreement with CPS Securities to place 6,000,000 fully paid shares at an issue price of A$0.15 per fully paid share. Several of that brokers' clients have continued to hold significant shareholdings in the Company and their continued support is welcomed.
Meteoric Resources NL (ASX:MEI) Reports Gravity And Mapping Results And To Commence Drilling At Coorara Iron Project
Meteoric Resources NL (ASX:MEI) is pleased to announces that a programme of detailed geological mapping (1:5,000 scale) has been completed at Meteoric's Coorara iron project situated about 50km north of the standard gauge railway in the South Yilgarn Iron Ore Province.
Meteoric Resources NL (ASX:MEI) is pleased to announce Rock chip sampling traverses in five target areas have demonstrated significant widths of high grade hematite-goethite at the Coorara iron project.
Additional rock sampling has continued to highlight the potential for highgrade hematite-goethite deposits at Meteoric Resources's (ASX:MEI) Coorara project.