Meteoric Resources is a diversified mineral explorer with diamond, gold, copper-gold and iron ore interests in Australia and graphite prospects in Spain. The Australian projects include diamonds, gold and iron ore in Western Australia and copper-gold in the Northern Territory. Drilling has confirmed the identification of at least 50 kimberlite bodies, favourable hosts for diamonds, at the Webb kimberlite field. Recent drilling has intersected high grade copper-gold mineralisation at Bluebird in the Northern Territory.
Meteoric Resource NL’s (“Meteoric” or the “Company”) recent pegging activity has expanded its land holding in the Baby Segment of the Belleterre-Angliers Greenstone Belt (BAG) to over 118 km. Meteoric is now the largest landholder in the greenstone belt which hosts the historical Belleterre Gold (1.1 Moz) and Lorraine Copper/Nickel Mines. Meteoric’s expanded landholding now encompasses 24 of the 36 historical high priority EM targets identified by Falconbridge Limited and provides numerous drill ready targets.
To complement the expanding landholding the Company has negotiated to acquire a comprehensive database of raw technical information as well as geological interpretations covering the entire Belleterre-Angliers Greenstone Belt, with a value exceeding $5 million.
Reprocessing and analysis of the technical information has commenced with initial results expected within weeks. It is anticipated that a continual stream of results will be released to the market during the process of evaluating the 1,000+ technical documents.
Please DYOR as this is not a buy or sell recommendation
Cheers
GF
