MEI 2.27% 11.3¢ meteoric resources nl

Ann: Novo Astro - Immediate Drill Targets Identified, page-24

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,183 Posts.
    lightbulb Created with Sketch. 379
    If you didnt see this in the other thread, this is from the drills earlier in the decade by LD.

    Should have drilled it . . glad they didnt . . here we are . .

    TORONTO, ONTARIO--(Marketwired - Sept. 11, 2013) -Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") today announces exploration updates on its Juruena project and its new Novo Astro target, a prolific set of artisanal workings positioned 28km along trend from Juruena.


    Novo Astro -
    Over the last 12 months the Company has been steadily advancing the Novo Astro target, a prolific set of artisanal workings positioned 28km southeast and along trend from Juruena. Novo Astro is interpreted to be a classical lode-style structural system with gold hosted within intensely formed shear zones and sheeted veins. The mineralized system is large, based on a contiguous gold-in-soil anomaly of 2km by 2km, and hosts high-grade gold zones, based on assay values of rock chip samples (13 samples returned values greater than 10 g/t Au with one sample returning 263.8 g/t Au - see table below and Figures 2, 3 and 4 for further details). Novo Astro has not been previously drill tested. Moving forward, the Company will evaluate further investment at Novo Astro in the context of the market environment.

    Rock Samples Assaying Greater Than 10 g/t Au
    1
    Sample #
    Sample Type
    Au (g/t)
    Zone
    Description
    1408769
    Grab
    263.8
    Central anomaly
    Shear zone plus quartz vein with pyrite and iron staining
    2408791
    Float
    101.7
    Central anomaly
    Schist rock with pyrite and iron staining
    3368558
    Chip
    92.9
    Wolney
    Sheared rock foliated with quartz veinlets plus pyrite
    4408754
    Float
    79.2
    Wolney
    Rock rich in mica and iron oxides
    5408701
    Chip
    41.4
    Wolney
    Pale red rock weakly deformed, silicified with pyrite boxworks
    6412217
    Grab
    40.9
    Central anomaly
    Shear zone within granite containing sulfides
    7368557
    Float
    34.5
    Wolney
    Very fine rock sheared and foliated with quartz-sericite-muscovite
    8408770
    Grab
    31.8
    Central anomaly
    Schist rock with pyrite and iron staining
    9408707
    Chip
    20.7
    Wolney
    Quartz vein with fine disseminated sulfides
    10408706
    Chip
    18.4
    Wolney
    Quartz veinlet parallel to foliation in granites
    11348781
    Grab
    18.2
    Central anomaly
    Quartz veinlet with strong sulfidation (pyrite)
    12348767
    Grab
    13.6
    Central anomaly
    Shear zone with disseminated pyrite and iron staining
    13368570
    Grab
    12.7
    Astro SW
    Quartz veinlet with disseminated pyrite



    Novo Astro as a distinct magnetic low some 3km by 3km in dimension within highly varied granitic host rocks. Six principal gold-in-soil anomalies extending up to 2 km long have been identified within the main central gold-in-soil anomaly. Immediately south of the gold-in-soil anomaly and artisanal workings is an interpreted large and well defined magmatic heat source (based on geological mapping and a coherent Cu-Mo-Bi-W soil anomaly). The rare presence of Chromium with some of the gold bearing quartz veins suggest the mineralized system is associated with major deep tapping structures and intense ductile deformation thus enhancing the gold bearing potential of the Novo Astro system.

    Mineralisation at Novo Astro is predominantly gold only, hosted within high-grade sub-meter and 1-5m wide shear zones. Shear zones range from steep to flat lying which may result in the stacking and thickening of mineralization. The majority of the gold trends are orientated west-northwest which corresponds to the dominant regional structural direction known to host gold elsewhere in the Alta Floresta gold belt.

 
watchlist Created with Sketch. Add MEI (ASX) to my watchlist
(20min delay)
Last
11.3¢
Change
0.003(2.27%)
Mkt cap ! $252.8M
Open High Low Value Volume
11.5¢ 11.5¢ 11.0¢ $33.52K 297.5K

Buyers (Bids)

No. Vol. Price($)
12 1245121 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 801105 23
View Market Depth
Last trade - 12.33pm 06/11/2024 (20 minute delay) ?
MEI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.