Meteoric Resources NL (ASX: MEI) is currently carrying out its maiden drill programs at the Company’s wholly owned Juruena and Novo Astro Gold Projects, located in the Alta Floresta Belt in the state of Mato Grosso in Central Brazil.
Meteoric Resources listed on ASX in 2004 and in 2019 acquired a portfolio of highly prospective gold projects in Brazil.
Following a successful maiden exploration program across the key projects, Juruena and Novo Astro, the Company completed a placement of $7m late in 2019 to fund exploration programs across both projects through 2020.
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.