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METEORIC RESOURCES NL - ASX: MEI
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Description
Meteoric is the result of a spin-out of gold and copper-gold assets from Image Resources under a joint venture agreement. Meteoric has earned 100% of Image’s interest at Wilthorpe (Image interest 90%) and Warrego North (Image interest 100%). Image retains a 1% gross royalty in the projects. In addition Meteoric earned a 70% interest in the Barkly copper-gold project near Tennant Creek, NT.
Meteoric has acquired a 100% interest in two exploration licences at Robinson Range in WA’s prospective mid-west iron province. Meteoric has entered a second joint venture with Image and has to date earned a 30% interest in gold or nickel projects at Scorpion Well, Top Well and Mt Remarkable in WA with rights to earn up to a 70% interest. More recently Meteoric has applied for three exploration licences at Webb in the West Arunta region of WA. The tenements cover a major gold anomaly and other targets recently identified by the Geological Survey of WA.
· A major gold and multi-element anomaly identified and acquired at Webb in the West Arunta region of WA. Sampling and drilling planned in mid 2009 following access permitting.
· New joint ventures targeting iron oxide-copper-gold (IOCG) mineralisation increases Meteoric's land holding in the unexplored West Arunta region to more than 2,000km2.
· High grade hematite in outcrop at Robinson Range in the emerging mid west iron province of WA.
· A 61,000oz gold resource outlined at Wilthorpe.
· Drilling targets outlined at Scorpion Well, Mt Remarkable, in WA and at Barkly and Warrego North in the NT.
Mine For
gold, copper, uranium, nickel, iron ore
Location of operation(s)
Western Australia, Northern Territory
Address
Level 2, 35 Outram St
WEST PERTH, WA, AUSTRALIA
Phone
(08) 9485 2836
Website
Last Updated
09/03/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.