Meteoric Resources NL (ASX: MEI) is a gold exploration company focused on discovery at its Palm Springs Project in Western Australia and Juruena Gold Project in Brazil.
Meteoric acquired the Palm Springs Gold Project within the Halls Creek Orogen of Western Australia in mid 2020. Palm Springs is an advanced exploration play with past gold production of 52,000oz @ 2.1 g/t Au from the Butchers Creek open-pit mine, plus spectacular drill intercepts and historic resources. Stage 1 drilling commenced in August, targeting high-grade mineralisation below the shallow open pit at depth and down plunge to the south. Limited drilling intercepted 73m @ 2.26g/t Au from 169m and 36m @ 2.5g/t Au from 168m.
Its Juruena Project in Brazil contains a current Global Mineral Resource Estimate (JORC 2012) of 1.3Mt for 261koz Au at 6.3 g/t comprising:
Meteoric Resources listed on ASX in 2004 and in 2019 acquired a portfolio of highly prospective gold projects in Brazil. In 2020, the Company acquired the Palm Springs Project in Western Australia.
Meteoric completed acquisition of the Palm Springs project in July 2020 – the area covers more than 12,000 Ha which includes 3MLs, 4 ELs and 6PLs. The Project contains 60 known gold occurrences over a 20km strike and on the site drilling is expected to commence in August.
The Meteoric management team includes experts in the field with previous project specific experience.
The Alta Floresta Belt is arguably the most desirable gold exploration destination in Brazil. A massive land grab has been occurring since the latter half of 2017, with approximately 2.65 million hectares of copper and gold exploration permit applications being filed with the Brazilian Mining Department to date, covering virtually the entire belt.