METEORIC RESOURCES – REVVING UP FROM BRAZIL TO THE KIMBERLEY’S

ASX:MEI Announcement 24th June excites the market

Meteroric Resources NL certainly rattled the Australian Stock Exchange today with a massive volume of trading that saw the stock climb more than 30% to $0.035c with a high of $0.041c based on the exploration update. MEI, advises shareholders that it has commenced its 2020 field season in the Palm Springs Gold Project located 30klms SE of Halls Creek in the Kimberly of WA, pending the completion of its acquisition of the Project. Meteoric goes on to say that this project will be run in tandem with its Brazil Juruena high grade Gold Project

The Palm Springs Gold Project is a historical exploration play in the Kimberly’s with spectacular high gold and wide drilling intercepts under its historical open cut pit operations. The results from these historical drilling were announced on 15th June. The Company said they will be focusing on the Butchers Creek open cut mine by targeting shear hosted high grade mineralisation, which is open at depth and down plunge to the south. The results from the historical drilling are nothing more than spectacular and hit a chord with Gold buffs and investors.

Drill Intersections include:

68m @ 2.5g/t Au from 44m, 19m @ 8.8g/t Au from 56m and 50m @ 3.31g/t Au from 50m. In 1996 an RC drill intercepted 73m @ 2.26g/t Au from 169m .

Massive volume of trading on the news.

The stock traded over 127m shares soon after the announcement.

Juruena Brazil Drilling-more spectacular results.

Even more spectacular was the drilling results from MEI;s Brazil Juruena Gold Project with one hole intersecting 20.9m @ 94.90g/t Au from 96.8m and another intersecting 14m @ 81.70g/t Au from 142m. (ASX:MEI 14/10/19)

The Company said they expected more assays to flow from Brazil and WA from August 2020.

Goldman

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