Meteoric Resources NL (ASX: MEI; “Meteoric” or the “Company”) is pleased to advise it has successfully completed its Acquisition of the highly prospective Juruena and Novo Astro Gold Projects in Brazil from Crusader Resources (ASX:CAS) on the terms as set out in its Announcement dated 21 March 2019.
Meteoric Resources MD, Dr Andrew Tunks commented:
“The formal completion of the Acquisition of Juruena and Novo Astro marks the commencement of the next exciting stage of development for Meteoric as we move to commence exploration. I am immediately travelling to site to join our Operations Manager, Peter Sheehan and our Brazilian team to finalise our initial drilling plan for Dona Maria and Querosene, our two most advanced targets on Juruena. These prospects already contain a combined high-grade JORC 2012 Mineral Resource Estimate of 436,000t @ 14.7 g/t for 205,000 Au it is our intention to complete further drilling at these bonanza grade prospects
“This is truly an exciting time for the Company and its shareholders as we move into gold exploration in what we believe is one of the most prospective regions in the world, the Alta Floresta Belt in Brazil, which is home to majors including Anglo American and Vale. Since the announcement of the Acquisition back in April, the Meteoric team – myself included – have been itching to get on the ground and start exploration and I am simply thrilled that we are now mobilising.”
Competent Persons Statement
The information in this announcement that relates to mineral resource estimates and exploration results is based on information reviewed, collated and fairly represented by Mr Peter Sheehan who is a Member of the Australasian Institute of Mining and Metallurgy and a consultant to Meteoric Resources NL. Mr Sheehan has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which has been undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Sheehan consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.
Contact
Dr Andrew Tunks - Managing Director Managing Director M +61 400 205 555 ajtunks@meteoric.com.au
Victoria Humphries – Investor Relations NWR Communications M +61 431 151 676 victoria@nwrcommunications.com.au