Ann: Meteoric Forging Ahead on Multiple Fronts, page-3

A very upbeat announcement.

They have submitted hole 42 as a well as 43 for assays. For these holes they have also stated there are several potential gold zones.

They must be confident as they have decided to drill another 5 holes making up 8 in total ( given each hole costs a bomb that shows how confident they are - in Australia it costs over $200k for a 1,000m hole so 8 holes over 1,000m each will probably cost north of $2m and they only have $4.75m cash plus they are doing other drilling at Palm Springs plus they have other expenses as well.

The good Dr seems excited "Juruena project in Brazil is right at the pointy end of risk reward. Yes it is high risk, but we have already achieved remarkable results from only 2 holes into our program and the program could be absolutely transformational for Meteoric. We have seen substantial thickness of sulphide mineralisation including copper and molybdenum minerals in a strongly altered intrusive sequence centred around intermediate porphyritic dykes."

If they hit something significant then the SP will probably go up like a rocket and a significant cap raise will be on the cards.