As recently reported, Meteoric Resources NL (ASX:MEI) completed a geochemical survey (1818 soil samples and 733 stream sediment samples) over several target areas prospective for gold mineralisation at Tibooburra, about 300km north of Broken Hill, NSW. The Tibooburra goldfield comprises several inliers of Cambrian metasediments which host many hundreds of quartz veins in an area extending from the town of Tibooburra for some 50km to the south west.
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.
ADX Energy Limited (ASX:ADX) Announce Divestment Of Gold, Copper And Nickel Projects And IPO Of Riedel Resources Limited
ADX Energy Limited (ASX:ADX) (PINK:ADXRF) are pleased to provide an update in relation to the proposed divestment and Initial Public Offering "IPO" of the Company's mineral assets portfolio. This strategy is in-line with the previously stated intention of ADX becoming a highly focused energy company while ensuring that the necessary capital is secured to finance the exploration and development of its highly promising gold and base metals tenements.
Following the acquisition of rights to a 100% interest in the Coorara iron project situated 90km north east of Koolyanobbing (MEI ASX release 31 May 2010), Meteoric Resources (ASX:MEI) has completed a detailed aeromagnetic survey and has completed systematic rock sampling. Final assay results have been received from the rock sampling carried out over the 40km-long strike length of banded iron formations (BIF), evident in either outcrop or from the aeromagnetic data.
With the US$ gold price reaching record highs and with a very positive outlook for the metal, Meteoric Resources (ASX:MEI) is pleased to announce it has reached an agreement to earn up to a 75% interest in 600sq km of tenements covering most of the Tibooburra goldfield in north western New South Wales. The Tibooburra gold project is viewed as providing Meteoric with a low cost entry to a highly prospective, under explored and forgotten gold district at a time of rising gold prices.
Following an agreement to acquire a 100% interest in the Coorara iron project (MEI ASX Release 31 May 2010) Meteoric Resources (ASX:MEI) has commissioned a detailed aeromagnetic survey over the 40km strike length of banded iron formation (BIF) evident on the project area from outcrop and existing aeromagnetic data.
Meteoric Resources (ASX:MEI) has acquired the rights to a 100% interest in granted exploration licence E52/2412 adjacent to its Robinson Range iron project in the emerging Mid West iron province of Western Australia.
Meteoric Resources (ASX:MEI) Acquisition Of A Major, 40km-Long, Iron Ore Opportunity At Coorara, Western Australia
Meteoric Resources (ASX:MEI) has signed an agreement to acquire a 100% interest in exploration licence E16/372 at Coorara, about 90km northeast of Koolyanobbing in Western Australia.
Meteoric Resources (ASX:MEI) Webb Project Aeromagnetics Confirms Iron Oxide-Copper-Gold Drilling Targets
Meteoric Resources (ASX:MEI) has completed detailed aeromagnetic surveys (150m line spacing) over several target areas at its Webb project in the West Arunta region of WA. The surveys include the iron oxide-copper-gold (IOCG) targets T1-T5 shown in Figure 1. The West Arunta region has been identified as being prospective for IOCG mineralisation by the Geological Survey of WA.
Meteoric Resources NL (ASX:MEI) Enters Joint Venture With Black Ridge Mining (ASX:BRD) On Unaly Hill Magnetite-Vanadium-Titanium Project
Meteoric Resources NL (ASX:MEI) has reached agreement in principle with Black Ridge Mining NL (ASX:BRD) on Meteoric's 100%-owned exploration licence (E57/760) situated adjacent to Black Ridge's Unaly Hill magnetite-vanadium-titanium project south of Sandstone, WA. Black Ridge has reported significant grades of magnetite, vanadium and titanium in drill intersections on its Unaly Hill project. The Unaly Hill mineralisation occurs within magnetite lenses in layered metagabbros of the Atley Igneous Complex some 30km east of the Windimurra Igneous Complex where similar mineralisation is known to occur. Preliminary Davis Tube Recovery test work by Black Ridge has produced encouraging grades of Fe, V2O5 and TiO2.
Meteoric Resources NL (ASX:MEI) Quarterly Activities Report For Period Ending 31 March 2010