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Meteoric Resources receives first assay batch from Novo Astro

Proactive Investors Monday, 16 December 2019
Meteoric Resources NL (ASX:MEI) has received assay results for the first three holes in its maiden program at the Novo Astro Gold Project in Brazil. Twelve drill holes have now completed with two more in progress to complete the initial 2,500-metres Novo Astro 2019 diamond drilling program. Highlights included 13 metres at 0.34 g/t gold from 46 metres with grades reaching up to 0.5 metres at 38.8 g/t gold. Of the 12 holes, four holes were drilled at the José Prospect, seven Matteus Prospect and three holes at the Graça Prospect. This first batch of results is for holes NADD001‐003. Gold continues beneath Garimpeiro pits Meteoric’s managing director Andrew Tunks said: “Results through from the first ever drilling at Novo Astro on the José Prospect has provided confirmation that gold mineralisation continues beneath the Garimpeiro open pits and that gold is associated with both veining and pyrite alteration of the granitic host rocks. “Our very first drill hole intersected 0.5 metres at 38.8 g/t gold from 72.3 metres confirming the depth continuity of a high‐grade mineralised vein below the Jose Pit. “This is a crucial observation as it is the first confirmation that gold exists in the primary rocks below the artisanal open pits in the oxide. Results still to come from Graça and Matteus “At the Graça and Matteus Prospects, where we are currently awaiting results, we have seen stronger alteration and veining than witnessed at José. “On the ground there is an expectation of significant gold intercepts at Matteus and Graça, where more intense shearing, alteration and higher sulphide contents have been observed. “We anticipate receiving the next batch of results from Novo Astro in January 2020 as well as further results from Juruena. More drilling planned in March quarter “The Meteoric Exploration Team have completed an excellent first field season in Brazil which has seen the company evaluate, acquire and commence exploration which included over 6,000 metres of diamond drilling and intersection of significant gold mineralisation. “As we continue to grow our knowledge of these exciting projects, we are confident of continued success in our 2020 campaign which is currently in planning stage and will commence in Q1, as soon as the tropical rain allows access.”
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