As it firms up the copper potential at Juruena in Brazil’s Alta Floresta Belt, Meteoric Resources (ASX: MEI) has appointed Dr Marcelo De Carvalho to the company’s board with the responsibility of overseeing operations in the region.
Meteoric managing director Dr Andrew Tunks noted Dr Carvalho has been involved with Juruena since the asset was acquired in early 2019 – helping build a strong technical team in the region.
“We welcome [Dr Carvalho’s] vast knowledge and extensive contacts across the Brazilian mining industry and within government and feel confident he is the right person to guide us as our exploration and development efforts mature.”
Dr Carvalho has previously worked with mining majors such as AngloGold Ashanti (ASX: AGG) and Vale and has a long and successful history of mineral exploration in Brazil.
Commenting on his new director role, Dr Carvalho said we was “very excited” about Juruena’s future.
“As soon as I set foot out there, I knew Juruena had untapped potential and what has transpired with the upgrade to the mineral resource estimate and the identification and initial drilling of a quality porphyry copper target is very impressive,” he added.
Juruena copper potential
While testing the copper potential at Juruena, Meteoric has now completed hole JUDD043 to an 820m depth.
The company has observed molybdenum and copper sulphides across 600m of drill core from the hole which indicates a larger mineralised porphyry copper-moly system may be present.
Assays of the core and another hole JUDD042 have been prioritised with results expected next month.
Meteoric plans to complete a further 5,000m of drilling at Juruena to test the copper anomaly.
Dr Carvalho said initial signs of the copper system suggest it could be “strong and large” and noted Anglo American had discovered porphyry mineralisation a few years ago at the eastern end of the Alta Floresta Belt.
“Our discovery, 400km to the west of the above mentioned project is changing exploration ideas along the entire belt.”