MEI (ASX) Chart

Originally posted by Mining8: ↑

Right on Beisha!

The underlying value here is in the price is Butcher's Creek Western Australia, an outstanding prospect with results as good if not better than De Greys, a pre-stripped pit ready to mine with thick undiluted gold mineralisation under the surface and extensions for at least 380 metres so far and open at depth with long term mining licences in place. That's our advantage over other explorers, we are an advanced explorer close to mining. Basically we drill under the pit, add the extensions and establish our JORC resource, and then scoping/feasibility studies, and Dr. Tunks has stated he hopes to be mining Butcher's by 2022. Tunks has also mentioned hopes for mining Juruena in 2022; we will see.

The giant IP anomaly with geological vectors pointing to a potentially huge copper-gold source is a bonus if it pays off; it literally could add multiples to the market cap! Interesting signs with this:

Of significance,' from 440m downhole an appreciable increase in sulphide content (pyrite) has been recorded as having the presence of vein hosted molybdenite and magnetite – ***common in many porphyry systems'..... 'with Propylitic 1 hydrothermalalteration The same style of veining hosts Cu+Au grades at the Crentes Prospect.

Remember we haven't even got to the high charge core or intersected the Juruena fault.....I quote:

'Epithermal Au-Cu breccia mineralisation at the intersection of the Juruena Fault and IP chargeability anomalies could have the most potential for high-grade Cu-Au mineralisation.'

There are interesting questions that only the drill bit can answer; but I find intriguing:

1. J39 was interesting because it was a cracking intercept: on the Juruena Fault at the Crentes Prospect including 51.0m @ 1.40 g/t Au & 0.25% Cu from 118m. When J42 intercepts the Juruena fault at depth will we get richer mineralisation of the same style, one, because we have also intercepted the Juruena fault as J39, and two because you would expect the breccia style hosted mineralisation to be richer because we are closer to the potential porphyry source, with the indirect evidence that this will be also an area of high charge.

2. The veinlets at 440 metre downhole which host molybdenite and magnetite, common in porphyry systems, will they be part of something bigger as we approach the high charge core of the anomaly i.e. veins hosting copper and gold?

Anyway, no guarantees here, but some interesting indicators of the giant anomaly drilling so far, but as I say MEI's success is well hedged with the highly prospective Butcher's Creek Western Australia, and let see what the Juruena updated resource brings due any day, as in I quote from the 17th of March announcement

'The remainder of the assay results from the 2020 drill program have now been received and will be used in the latest
JORC Resource Update due for release shortly.' : PRESS HERE

AIMO

Expand

Thanks mate, always a treat to read your posts, MEI chart is warming to the looming news as we speak, needs to punch thru that strong
S & R ZONE, in doing that it will also will break out of the symmetrical triangle and then the brake comes off somewhat ( check the green arrow ) and the SP could fly....

I wonder whether SP will break the S & R zone before anticipated news ?

No that would put a smile on my face!!

IMO

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Price($)	Vol.	No.
0.100	157567	6
0.105	1062720	11
0.110	2306518	17
0.115	642801	6
0.120	987254	11

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(20min delay)
Last 9.9¢		Change -0.001(1.00%)		Mkt cap ! $219.5M

Open	High	Low	Value	Volume
10.0¢	10.3¢	9.6¢	$588.2K	5.962M

Chart, page-1048

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