MEI 8.70% 10.5¢ meteoric resources nl

Ann: Deep Drilling Reaches Top of Copper Gold Porphyry Target, page-16

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  1. 128 Posts.
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    It will be great to see any increase at Juruena's resources, but the real game is the drilling underway.
    Way back when Lago was exploring here for a porphyry they assembled a great team and completed excellent geochem- identifying the massive footprint we across the project. Their goal was a porhyry, but as a junior, they didnt make the discovery and focussed instead on the low hanging fruit- outcropping highgrades at DM, Q and Crentes.

    fast forward a few years and Anglo American make a porphyry discvery in the belt- creating a pegging frenzy amongst the majors- they all know the size of the prize.

    MEI get a hold of the project and start with the low hanging fruit- all the while knowing there is a different target as well. They do deep IP and identify the current deeper anomaly....rasie the funds and have a crack.
    ballsy- but exactly what juniors are supposed to do.
 
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