Meteoric Resources (ASX: MEI) has struck more thick bonanza gold intercepts at its Juruena project in Brazil, with latest results extending the known high-grade mineralisation within the Dona Maria resource.
Diamond drilling unearthed in hole JUDD008 14m at 81.7 grams per tonne gold from 142m, including 2.5m at 287.4g/t gold from 149m.
This latest assay was 30m south of the previously reported 20.6m intersection that graded 94.9g/t from 96.8m, including the 3.65m interval grading 508.4g/t gold from 107.5m.
Latest assays from the project also returned 3.5m at 15.3g/t gold from 124m, including 1m at 51.9g/t gold from 124m.
Meteoric managing director Andrew Tunks said after visible gold was seen in JUDD008, he anticipated the results would be “very exciting” and he was “thrilled” to report more significant intercepts.
“To-date, the initial drilling at Dona Maria has been a great success and has given us the confidence to model a potential high-grade ore shoot that we will test in a final deep hole at the end of the program,” he added.
Thirteen holes have now been completed at the project with a further four holes now being processed and assays anticipated early next month.
Drill rigs have moved to the Tomate and Querosene prospects.
Previous drilling at Querosene uncovered a massive 1,992g/t gold interval with Querosene and Dona Maria hosting a combined resource of 436,000t at 14.7g/t gold for 205,000oz.
Drilling underway at Novo Astro
Concurrent to exploration at Juruena, Meteoric has kicked-off a drilling program at the less advanced project Novo Astro, which is located about 30km from Juruena.
Drilling at Novo Astro began at the start of the month and is initially targeting the Jose prospect where rock chip samples assayed above 200g/t gold.
The program at Novo Astro will comprise 21-holes for 2,500m in addition to further geophysical exploration.
Meteoric anticipates Novo Astro hosts a similar style of mineralisation to Juruena.