Meteoric-Beadell joint venture

Meteoric Resources today announced an in-principle agreement for a joint venture with Beadell Resources on four granted exploration licences in Western Australia.

The E80/3820, 3821, 3822 and 3823 exploration tenements, totalling 840 km2, are close to Meteoric’s Webb gold project in the West Arunta region.

According to the company, the agreement will significantly expand its interests in the unexplored and highly prospective West Arunta region.

Its targets now include a major 80 km2 gold anomaly and at least six magnetic-gravity IOCG-type anomalies.

Subject to heritage surveys and consent from the native title holders, Meteoric plans to carry out geochemical sampling and gravity surveys over these new target areas in the September and December quarters

Several gold-anomalous and copper-anomalous areas were identified in the Beadell tenements by wide-spaced reconnaissance sampling by the Geological Survey of WA in 2007, the company said.

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