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“We’ve also got a lot of ideas about Despite some of the lockdown
exploration upside but admittedly challenges in Brazil, where the impact
at the moment we’re concentrating of COVID-19 has been significantly
on rehabilitating the Butchers Creek greater than elsewhere in the world,
resource…there’s ore in the bottom of Meteoric has managed to push ahead
the pit, for sure. with drilling at Juruena.
“They were trying to do this at a gold First results from that work included
price of $US500/oz and I think they Andrew Tunks the best copper grades recorded
had an AISC of around $US550/oz, on the project in an intercept which
so they were losing money with every returned 9m @ 15.6 g/t gold and
ounce they produced. They just couldn’t continue it, so they 1.5% copper from 100m (including 6m @ 21.6 g/t gold and
packed up shop and never got back there. For us, we feel 2% copper from 101m), along with a potential new style of
like someone has come in and pre-stripped past the orebody.” mineralisation observed in the same hole.
Suggestions the best part of the orebody might still be in the Another drill hit of 3.4m @ 10.1 g/t gold from 392m was
ground at Palm Springs have seen some analysts liken it to also returned below the current resource at the Dona Maria
the Bellevue gold project, albeit on a much smaller scale. prospect.
While such comparisons are welcomed, Tunks is not getting “On the back of positive results at the end of this programme,
carried away and has implored his team to remain focused we would look to re-establish and update the resource,”
on undertaking more sound geological work in both Australia Tunks said.
and Brazil. “We feel there was a lot of peripheral material that was never
To that end, Meteoric has now disposed of its Midrim and included in the last resource and so this drilling programme
LaForce nickel-copper projects in Canada but will retain was predicated around converting inferred to indicated and
upside to any future exploration success on those non-core testing a few new areas.”
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Resources Ltd.

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