MEI 12.4% 10.0¢ meteoric resources nl

Ann: JUDD043 Intersects 200m Thick Zone of Disseminated Sulphides, page-29

  1. 1,740 Posts.
    lightbulb Created with Sketch. 624
    Correct and things did not make sense to me either.I am not a geologist but have invested in spec mining companies all of my life and I would hope a little bit of the science of geology has rubbed off on me...commonsense I do have.

    I do have a major commitment in MEI and paid well over the CR price so I rang Andrew knowing he was very approachable, knowledgeable and an educator.
    Here is what I can recall he said" this second hole is 400metres away from the first hole. Totally new ground with no IP signature so it seems that it is a geologists hunch (a bit like a wildcat oil well) ...3 experienced geologists out on site with one he said was an expert on porphyry deposits. It was situated to intersect the fault earlier as the first hole stopped short of their target...they want to go through the fault and test the footwall...maybe they learnt from the drill rig that it has its limitations
    Finding the interesting sulphides and rocks 100 metres down was a surprise and part of the great excitement this hole is generating is that it is one kilometre from the shallow gold discovery where we have put out a resource estimate making the whole area highly prospective...noting this is largely unexplored.
    So may be a trading halt is coming maybe not but it will be regarded at least as a near miss with other holes planned and more knowledge accumulated. Andrew is thirsty for success and he has developed a very good culture in the company...good luck all
 
watchlist Created with Sketch. Add MEI (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
0.011(12.4%)
Mkt cap ! $224.0M
Open High Low Value Volume
9.6¢ 10.5¢ 9.2¢ $479.1K 4.892M

Buyers (Bids)

No. Vol. Price($)
1 28215 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 1303548 13
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
MEI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.