Outstanding high grade mineralisation revealed at MEI’s Midrim Project in Canada

By Meagan Evans. Published at Feb 19, 2018, in Small Caps

Meteoric Resources NL (ASX:MEI) this morning announced that it has completed its maiden drilling campaign at its 100% owned Midrim Project in Quebec, Canada.

The Canadian cobalt and copper-nickel-PGE explorer’s successful maiden drilling programme at the project was completed during November-December 2017, consisting of fifteen NQ diamond drill holes for a total of 2270m, across several target areas. A total of 512 core samples were submitted to ALS in Sudbury for analysis.

The maiden drill programme demonstrated the veracity of the historical mineralisation at the Midrim Main Zone. It was also designed to test geological and structural controls that govern massive sulphide mineralisation over the project area as identified through downhole and airborne EM surveys.

Assays from the drilling programme revealed outstanding shallow high grade copper, nickel, and platinum metals group results.

These significant high-grade shallow mineralised intersects include:

  • 1m at 2.38% copper (Cu); 1.64% nickel (Ni) and 2.56 g/t platinum group metals (PGE) MR-17-01 from 28m
  • 4m at 4.25% Cu; 3.52% Ni and 4.59 g/t PGE MR-17-01 from 56m
  • 8m at 1.79% Cu; 1.01% Ni and 2.95 g/t PGE MR-17-05 from 23m
  • 7m at 0.66% Cu; 0.42% Ni and 0.81 g/t PGE MR-17-06 from 104m

Massive sulphide intervals intersected within MR-17-01 from 56.6m depth:

The outstanding assay results provide the company with a high level of confidence in the continuity of the copper, nickel, and platinum group metals mineralisation in the Midrim Main Zone.

Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

The valuable geological information gathered from MEI’s maiden drilling programme will form the basis for all future resource development and exploration drilling programmes.

The next steps for MEI in progressing the project is finalising a bulk sampling study targeting the shallow, high grade mineralisation within the Midrim Main Zone.

Upcoming work includes finalising a bulk sample study using data from the recently completed drill programme as well as preliminary metallurgical test work results. The maiden drill programme will enable construction of a 3D model and provide sample material for detailed metallurgical testwork.

MEI Managing Director Dr Andrew Tunks said, “The new drilling is a solid step forward in our progress at Midrim. It confirms the high-grade nature of the mineralisation in the historical drilling and provides us with new information to finalise a 3D model for Midrim that will guide any further work. Importantly the new core will supply fresh sample material for a detailed metallurgical study supplementing the preliminary metallurgical study we are due to announce in the coming weeks.

“With the Northern winter coming to an end, the team are excited to get into the field in and commence work on our exploration portfolio, with a focus on our highly prospective cobalt ground. We will be announcing our exploration plans over the coming weeks before I head to Canada in early March to initiate our aggressive exploration program.”

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