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Meteoric Resources finds more copper/gold in Tennant Creek  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 06/12/2012

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(MENAFN - ProactiveInvestors - Australia) Meteoric Resources (ASX:MEI) has found more Tennant Creek style copper/gold mineralisation from intervals from drilling at Bluebird in the Northern Territory.

Proving that two swallows do make a summer.

The results from mineralised ironstone in BBRC-2 returned a grade of 4 metres at 4.7% copper and 0.38g/t gold from 115 metres including 1 metre at 16.2% copper and 1.19g/t gold from 116 metres.

This follows an earlier intersection in November of: 8 metres at 2.20% copper and 0.26g/t gold from 112 metres in drill hole BBRC-2 below a previous RAB intersection of 8 metres at 1.0% copper and 0.29g/t gold.

The check analyses confirm the previously announced high grade intersection based on 4 metres composite samples.

The drill hole formed part of a 3-hole, 392 metre reverse circulation drilling programme to test an EM conductor target and to test below two previous anomalous RAB intersections on the Bluebird gravity ridge.

Meteoric Resources' executive director George Sakalidis said he was " greatly encouraged by the confirmation of high-grade Tennant Creek style copper-gold mineralisation associated with a 1.6km-long gravity ridge interpreted to reflect widespread hematite ironstone alteration."

The mineralisation remains open at depth.

 






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