THE RISE AND RISE OF METEORIC RESOURCES – PRICE AND VOLUME HEADING NORTH

WHY? HERES WHY?

6,5000 METRES OF RC AND DIAMOND CORE DRILLING UNDERWAY AT BUTCHERS CREEK WITH VISIBLE SULPHIDES IN FIRST TWO DIAMOND CORE HOLES. HISTORICALLY, PRODUCED OVER 52,000 OUNCES GOLD. 60KLMS STRIKE LENGTH OF KNOWN GOLD MINERALISATION ON ITS TENEMENTS

CURRENT JORC RESOURCE AT METEORIC 100% OWNED JURUENA PROJECT. 436,000 TONNES @ 14.70 g/t Au for 205,0000 OUNCES OF GOLD. (inground value just on Juruena, today $A549,169,014.00 based on $US1902 ounce ($US=$A0.72c.

LATEST DRILLING AT JURUENA PROJECT INTERSECTS 10M @ 10.60g/t Au

OCTOBER 2019 HOLE JUDD008: Intersected: 14M @ 81.70g/t Au from 142m including 2m @ 71.60g/t Au from 144m and 2.5m @ 287g/t Au from 149m. Even more spectacular, was Drill Hole JUDD001, which is located 30m North of JUDD008. It recorded 20 metres @ 94.90g/t Au from 96.8metres including 3.65 metres @ 508g/t Au from 107.50m depth. These intersections reflect the old real descriptions of “BONANZA ZONES” OF GOLD.

Meteoric Resources is the “Hot Gold Tip” at the moment in the Gold market and seems is on every punter and stockbrokers lips, whilst they beaver away at their Butchers Creek Gold prospect, at the Palm Springs Project, in Kimberley region of Western Australia. There appears to be industry, high hopes for a major discovery and based on the historical drilling under the Butchers creek prospect, it appears the Company, if they can duplicate those results is in for a bull run. The stock is hot and traded some 18.5 million shares alone, just on Friday. Seems someone, some people, somehow, know something, with this strong buying and and high volume. At this rate, a major re-rating of price and market cap looking like a real possibility. At a glance, seems a very low share price for the goods they have. Shareholders anxiously and obviously with a lot of optimism, awaiting the Butchers Creek drilling assays, due end of October/early November the company reported.

Meteoric WA tenements contain of 20klms of known occurrences of Gold strikes

Production of Gold at Butchers’ Creek saw 52,000 ounce of Gold produced in the 90’s, but due to low Gold prices in 1997, became a statistic and like most Gold Mines in Australia were shut down. In August the Company mobilised a geological team to prepare for the massive drilling program at Butchers Creek, with the plan to extend the known high grade Gold mineralised zone associated with the plunging anticline, south of the existing historical Butchers Creek open cut mine. The Company is currently drilling 23 Reverse Circulation Holes consisting of 5,000 metres and a further 1,500 metres of 7 diamond core drill holes bringing the total metreage to 6,500 metres.

FIRST TWO DIAMOND CORE DRILLING INTERCEPTS TWO BROAD ZONES OF SULPHIDE MINERALISATION

(Photo above) Visible sulphides intersected at 150m depth and (40m along strike North of the open cut the ). Both the first two diamond core holes recorded intersecting minerals sulphides in this current program. The mineralisation intersected, the company say is, “consistent with the location of historical high-grade Gold intercepts. ASX:10th Sept 2020”.

There is no question that the area that is controlled by Meteoric has some interesting high grade Gold mineral potential. The area currently being drilled by Meteoric in the Kimberly region of WA, has the right DNA and geological setting for some potentially high grade Gold deposits.

ADDED TO THE BOIL OF THIS STOCK, IS METEORIC JURUENA GOLD PROJECT WITH AN ALREADY IMPRESSIVE JORC COMPLIANT 2012 RESOURCE OF OVER 205,000 OUNCES OF GOLD. MORE HIGH GRADE & BROAD ZONES OF GOLD MINERALISATIONS AT JURUENA JUST RELEASED WITH SOME EXTREMLY HIGH GRADE GOLD ASSAYS ADDING TO THE STEAM IN THIS STOCK.

Juruena Gold Project is located in Brazil. Drilling for the 2020 season by Meteoric commenced in June 2020 and reported some spectacular Gold results in four holes that were announced in August 2020.

Drill Hole: JUDD024 intersected 9m @ 10.60g/t Au and 1.5% Cu from 100m depth including 6m @ 21.60g/t Au.

Drill Hole 392mL JUDD025 intersected 3.4m @ 10.10g/t Au from 392m

Meteoric is considered a Junior, in the Gold Industry, but what it does have in its arsenal is super high grade, dedicated professional, seasoned and experienced Directors.

  • We have also been watching another Junior called Ausmex Mining Group (AMG) who we have also covered some time back, who goes into Gold production in 2021 and looks super cheap at this time at $0.045c. Similar management and directors to MEI. I think that these are our two best bets for 2021.

Goldman

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