Meeka Metals Limited announced high-grade gold assays from diamond drilling at Circle Valley. This primary mineralisation sits below a large 1.2km by 400m zone of regolith gold. The gold is hosted in gneiss and is associated with pyrite-biotite-muscovite.

Drilling completed in 2022 shows an approximate spatial relationship with potassium feldspar alteration and higher gold grades. RC drilling is now underway targeting eastern extensions to this shallowly plunging high-grade mineralisation. Circle Valley Project Background Circle Valley is a greenfield project located 100 kilometres north of Esperance, Western Australia.

The project covers a section of the southwestern AlbanyFraser Mobile Belt. The belt is a highly prospective but underexplored frontier, as demonstrated by the considerable success AngloGold Ashanti had with the discovery and development of the 7.1Moz Tropicana gold mine (currently jointly owned by AngloGold Ashanti and Regis Resources Ltd). Despite positive indications from early reconnaissance work at Circle Valley by previous explorers, no systematic gold exploration was undertaken prior to Meeka's work.

The geology is comprised of predominantly felsic and to a lesser extent mafic gneissic rocks. Limited historical reconnaissance drilling had identified primary gold mineralisation in four separate locations, Anomaly A, B, C and Fenceline. Multiple kilometres of magnetic features extending from each of these gold occurrences remain to be tested.

Outside Anomaly A and Fenceline, total historical drilling amounts to only 26 shallow aircore holes. Land access agreements with local landowners are in place and field work has been ongoing since 2020 when hand auger geochemical sampling defined 1,200m by 400m gold anomalism at Anomaly A. Following the success of the auger sampling program, reconnaissance aircore drilling during 2021 returned thick gold intersections at Anomaly A. These results, along with the 1,200m by 400m geochemical anomaly, indicate the possible presence of a large mineralised system. Drilling is now underway testing for extensions to the zones of high-grade primary gold mineralisation, with step out lines of RC drilling to the northeast of Anomaly A and below the Fenceline prospect located 10km to the northeast of Anomaly A.