Announcement Date: 2023-05-09
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Meeka Metals Ltd.
Project name: Circle Valley
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 12m at 4276g/t RE from 19m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Meeka Metals Limited (“Meeka” or “the Company”) is pleased to report further high-grade REE assays from Circle Valley. The assays relate to the final 32 infill and extensional Mineral Resource drill holes completed during the March 2023 quarter. This drilling covers an area of ~15km2 with results being used to inform a REE Mineral Resource for Circle Valley in the June 2023 quarter. The REE at Circle Valley accumulate within the saprolite clay horizon creating thick, near surface mineralised seams below shallow transported cover. Drilling shows the cover shallows to the northwest of Circle Valley, coincident with the highest-grade mineralisation recorded to date, 7,475ppm TREO. The mineralisation also consistently demonstrates a high proportion, up to 34%, as valuable NdPr magnet rare earths.
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