EXPLORATION & DEVELOPMENT

St Anne's gold promising for Meeka

AIRCORE success at St Anne's north of Meekatharra in Western Australia is encouraging Meeka Minerals, which says it is now drilling a 400m untested zone currently bookended by hits such as the 32m grading 16.1 grams per tonne gold from 48m at one end reported today and the 24m at 4.8gpt from 68m at other end reported previously.

 Aircore results good for Meeka

Aircore results good for Meeka

In terms of the true width of the mineralisation, Meeka said the drill holes reported today generally intersected the mineralised lenses at 30‐40 degrees.

Assays for a further 3600m of drilling are pending.

St Anne's is 3.5km south of the Turnberry resource of 610,000 ounces at 1.7gpt.

Meeka said it was aiming to include St Anne's in its next resource update, which is expected to be next quarter.

Meeka also owns the Andy Well and Gnaweeda gold resources in the Murchison region.

A prefeasibility study for the overall Murchison project is due this quarter.

As well as its gold ground, Meeka has an early stage, emerging rare earths play in southern WA.

The company will be currently canvassing its financial situation given it started the quarter with $2.46 million cash.

Shares in Meeka were up 36% to 6.8c in morning trade, capitalising the company at $62.6 million.

Meeka was previously called Latitude Consolidated.

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