Meeka Metals Ltd (ASX:MEK) continues to intersect primary gold mineralisation at several kilometre-scale gold targets within the Circle Valley Project, 100 kilometres north of Esperance in Western Australia.
A highlight of the drill program was a single hole drilled at the highly prospective Fenceline target which intersected 4 metres at 2.97 g/t gold from 92 metres.
Based on the success to date, drilling at Circle Valley will restart in the second half of 2023 following crop harvesting.
In the interim, independent Proterozoic gold experts at Kenex have been engaged to complete mineral potential mapping and further refine drill targets ahead of this planned drill program.
What’s more, Meeka’s field crew are now mobilising to the Murchison with drilling to commence in late March 2023.
Possible large Proterozoic gold system
Meeka managing director Tim Davidson said: “Circle Valley is located in a zone of major tectonic activity on the margin of the Yilgarn Craton and bounded to the south by an interpreted granite intrusion, important features for a possible large Proterozoic gold system.
“The complex structural sequence, shearing and faulting, provides the conduits for large-scale hydrothermal fluid flow and our drilling confirms this fluid flow carried high-grade gold.
“The intersection of primary mineralisation at Fenceline is another step in our understanding of this gold system, pointing to hydrothermal fluid flow over many kilometres of the fault-fracture network.
“Coupled with the information from our 2022 diamond drilling we now understand important targeting features, the fluid pathways, which we will drill during our next phase of work at Circle Valley.”
Drill results
The results come from primary mineralisation below a large 1.2 kilometres by 400 metres zone of regolith gold at Anomaly A and the first intersection of primary gold at Fenceline, about 10 kilometres to the northeast of Anomaly A.
The gold is hosted in high-grade granulite facies quartz dominant migmatite gneiss.
Drilling completed in 2022 shows an approximate spatial relationship between potassium feldspar alteration and higher gold grades.
At Anomaly A, follow-up RC drilling at one of several kilometre scale gold targets at Circle Valley continues to intersect primary gold, including:
- 16 metres at 1.50 g/t gold from 36 metres, including 4 metres at 3.89 g/t; and
- 8 metres at 2.79 g/t from 124 metres, including 4 metres at 5.15 g/t.
Circle Valley map showing kilometre scale gold targets Anomaly A and Fenceline where primary gold has been intersected by drilling
About Circle Valley
Circle Valley is a greenfield project 100 kilometres north of Esperance in Western Australia and covers a section of the southwestern Albany‐Fraser Mobile Belt.
The belt is a highly prospective but underexplored frontier, as demonstrated by the considerable success AngloGold Ashanti had with the discovery and development of the 7.1 million-ounce Tropicana gold mine.
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