MEEKA METALS LIMITED Meeka Metals Limited announced further gold assays from drilling at Circle Valley. The results come from primary mineralisation below a large 1.2km by 400m zone of regolith gold at Anomaly A and the first intersection of primary gold at Fenceline, ~10km to the northeast of Anomaly A. The gold is hosted in high grade granulite facies quartz dominant migmatite gneiss. Drilling completed in 2022 shows an approximate spatial relationship with potassium feldspar alteration and higher gold grades.
Circle Valley is a greenfield project located 100 kilometres north of Esperance, Western Australia. The project covers a section of the southwestern AlbanyFraser Mobile Belt. The belt is a highly prospective but underexplored frontier, as demonstrated by the considerable success AngloGold Ashanti had with the discovery and development of the 7.1Moz Tropicana gold mine (currently jointly owned by AngloGold Ashanti and Regis Resources Ltd).
The project is in a zone of major tectonic activity on the margin of the Yilgarn Craton and bounded to the south by an interpreted granite intrusion, important features for a possible large Proterozoic gold system. The complex structural sequence, shearing and faulting, provide the conduits for large scale hydrothermal fluid flow. Limited historical reconnaissance drilling had identified primary gold mineralisation in four separate locations, Anomaly A, B, C and Fenceline.
Despite positive indications from early reconnaissance work at Circle Valley by previous explorers, no systematic gold exploration was undertaken prior to Meeka's work. The geology is comprised of predominantly felsic and to a lesser extent mafic gneissic rocks. Multiple kilometres of magnetic features extending from each of the known gold occurrences remain to be tested.
Outside Anomaly A and Fenceline, total historical drilling amounts to only 26 shallow aircore holes. Land access agreements with local landowners are in place and field work has been ongoing since 2020 when hand auger geochemical sampling defined 1,200m by 400m gold anomalism at Anomaly A. Following the success of the auger sampling program, reconnaissance aircore drilling during 2021 returned thick gold intersections at Anomaly A. These results, along with the 1,200m by 400m geochemical anomaly, indicate the possible presence of a large mineralised system. Drilling completed in early 2023, step out lines of RC drilling to the northeast of Anomaly A and below the Fenceline prospect located ~10km to the northeast of Anomaly A, successfully extended the known zones of high-grade primary gold mineralisation.
Based on the success to date, drilling at Circle Valley will recommence in the second half of 2023 following crop harvesting. In the interim, independent Proterozoic gold experts at Kenex have been engaged to completed mineral potential mapping and further refine drill targets ahead of this planned drill program.
