The drill rig is expected to mobilise to site within the next two weeks and drilling is expected to commence in late September.
Additionally, Meteoric’s ongoing diamond drilling program at the Juruena Project on the Dona Maria prospect continues, with two rigs now on site working double shifts.
Location of Meteoric’s Brazilian projects
The company has completed eight holes at the Dona Maria prospect and all have intercepted prospective alteration.
The first and second sample batches have been transported to the ALS Assay Lab in Lima, Peru and the first results are expected within the next ten days.
The Juruena Prospects – current drilling is at Dona Maria
Meteoric managing director Andrew Tunks said: “Our Brazilian Exploration team have been working hard to secure an additional drilling rig from GEOSOL and prepare accommodation and work facilities in the Garimpeiro’s Village at Novo Astro for our expanding team.
“We expect the rig for Novo Astro to mobilise within the next two weeks and commence drilling in late September.
“Excitingly, this will be the first drilling ever conducted at Novo Astro and is targeting the depth extensions of gold mineralisation that has been previously mined by Garimpeiro operations over the last 40 years.
“At the same time, drilling at the Dona Maria prospect has progressed well and we have now completed 8 holes. The first 7 sample batches are at ALS Laboratories and we expect results of these batches within the next 10 days. Results will be reported at that time.
“Of great significance, Hole JUDD008 has intersected a wide zone of intense alteration at the expected target depth and Senior Geologist Marcelo Gomes has identified visible gold within the zone.
Very fine-grained visible gold particles within intensely sericite, pyrite, chlorite quartz altered granite from DDH JUDD008
“To date all holes completed have intersected the targeted alteration zones and this is the second time we have seen visible gold in the core.”