Meteoric Resources (ASX: MEI) has beefed up its board even further to enhance its search for high-grade gold in Brazil’s Alta Floresta with the appointment of Dr Paul Kitto as non-executive technical director.
According to Meteoric, Dr Kitto has more than 30 years’ experience in the mining industry including serving on a number of ASX boards and holding senior level management roles worldwide including Australasia and Africa.
Dr Kitto is currently technical director on Tietto Minerals’ (ASX: TIE) board and his most recent former role was chief executive officer and managing director of Ampella Mining before TSX-listed Centamin PLC took it over.
Meteoric managing director Dr Andrew Tunks said he was “thrilled” to welcome Dr Kitto to Meteoric’s board, adding that Dr Kitto was someone he had “admired” and “respected” for many years due to his knowledge and experience in the gold space.
“Paul will play a hugely significant role moving forward with Meteoric as we progress our exploration programs on the ground in Brazil at both the Juruena and Novo Astro gold projects and no doubt the company and shareholders alike will benefit from his significant global experience in developing world class gold deposits.”
Dr Kitto has led or been part of exploration teams that have discovered numerous multi-million-ounce gold deposits across Africa, Australia and Papua New Guinea.
He also has considerable experience dealing with global equity capital markets, project finance as well as mergers and acquisitions.
Juruena and Novo Astro gold projects
Earlier this year, Meteoric secured a 100% of Juruena and Novo Astro and has been actively exploring the projects since.
On Monday, the company revealed it had struck more bonanza and thick gold intersections at the more advanced Juruena project.
Diamond drilling at Juruena’s Dona Maria deposit unearthed 14m at 81.7 grams per tonne gold from 142m, including 2.5m at 287.4g/t gold from 149m.
This was 30m south of an intersection reported last month of 20.6m at 94.9g/t gold from 96.8m, including the 3.65m interval grading 508.4g/t gold from 107.5m.
Drilling at both projects is underway as part of Meteoric’s strategy to discovery more gold deposits and firm up known resources.