MEI 5.88% 18.0¢ meteoric resources nl

Ann: Fresh Bonanza Grades at Juruena, page-5

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    Fresh Bonanza Grades at Juruena

    20.6m @ 94.9g/t Au including 3.65m @ 508.4g/t Au

    Highlights
     Juruena Assays have been received from Meteoric’s first two Diamond Drill Holes
    JUDD001  and JUD002 which intersected visible gold at the Dona Maria Prospect:
     JUDD001 20.6m @ 94.9 g/t Au from 96.8m
    o Including   3.65m @ 508.4 g/t from 107.5m
     JUDD002 1.1m @ 22.68 g/t Au from 41.2m
    o And   4.5m @ 6.20 g/t Au from 46.6m
     Eight holes now completed, with JUDD 003 to 008 being processed
     Holes JUDD 009 & 010 are underway to test intersection of Dona Maria and Crentes  structures at depth
     Drilling at Novo Astro on schedule to begin late September
     Escrow released to allow sale of 50m Meteoric shares held by Big River Gold to new and  existing institutional and professional investors

    Meteoric Resources NL (ASX: MEI) (“the Company” is pleased to announce assays have been received  from two drill holes from its maiden drilling program currently underway at its 100% owned Juruena Gold Project  in Brazil.  DDH  JUDD001  intercepted a  thick  zone  of  strongly altered  granite and assays
    confirm a  broad  zone  of bonanza grades with 20.6m @ 94.9 g/t Au from 96.8m, which includes
    3.65m @ 508.4 g/t Au from 107.5m.

    DDH  JUDD002 intercepted  two separate zones of alteration and gold mineralisation returning assays of  1.1m @ 22.68 g/t Au from 41.2m and 4.5m @ 6.20 g/t Au from 46.6m.

    Managing Director Andrew Tunks said,   “We were expecting something special from our first holes at Juruena after we intersected visible gold and intense alteration, however the results have exceeded even my expectation. In fact, this is the best drilling  intercept I have ever been involved with in my career.  While we were confident of the possibilities based
    on the historic drilling and the gold we observed, it is very reassuring to have assay numbers that support our  interpretation.  “I am extremely proud of what the Company and the exploration team has achieved since the acquisition in  April. We have  recruited and deployed excellent staff, contracted and mobilised  two drill  rigs and struck  bonanza grades. All done in remarkably quick time.

    “We have now completed eight holes and are testing some deeper targets beneath Dona Maria that are  very exciting. The geological logging, sample dispatch and assay procedures are  flowing well ensuring a  steady  flow  of  drill  results  over  the  coming  months.  Furthermore,  we  have  recognised  the  untapped  potential at the Novo Astro Project and moved quickly to execute an exploration and drilling program in  tandem with Juruena.”

    Pretty high numbers!
    Last edited by blueskymine01: 18/09/19
 
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