- Meryllion Resources (MYR) has identified multiple new targets at its Mt. Turner Project
- The copper-cobalt-gold project is located in north Queensland, Australia
- Exploration identified a number of previously unknown near surface drilling targets
- The project is operated at a joint venture between Meryllion and Essex
- Meryllion has the right to earn up to a 70-percent interest by reaching certain exploration expenses
- Meryllion Resources is unchanged, trading at $0.06 at 2:58 pm ET
Meryllion Resources (MYR) has identified multiple new targets at its Mt. Turner Project.
The copper-cobalt-gold project is located in north Queensland, Australia.
The Toronto-based resource exploration company identified a number of previously unknown near surface drilling targets during recent exploration.
There are also deeper targets possibly associated with porphyry mineralization targets.
Strike continuous chargeability anomalies have been identified in four main geological settings.
Results merit further exploration.
The project is operated at a joint venture between Meryllion and Essex. Meryllion has the ability to earn up to a 70-percent interest in the project by funding up to a further $3,800,000 in exploration in three stages.
“We are delighted with the Phase 1 results from the IP program, which has identified significant near surface and deeper porphyry drill targets co-incident with previously identified surface gold, copper, and molybdenum in soil anomalies. These new sulphide targets are also associated with peripheral associated gold mineralization targets on the regional scale Drummer Fault and breccia complexes further to the north, making the Mt Turner property an exciting new exploration centre,” said CEO Richard Revelins.
Meryllion Resources is unchanged, trading at $0.06 at 2:58 pm ET.