Meeka Metals Limited has reported encouraging drilling results from its Turnberry Central area within the Murchison Gold Project. Recent reverse circulation drilling has intercepted several high-grade oxide gold zones, with notable intersections including 10 meters at 5.20 g/t Au from 37 meters, which contained a narrow 2-meter interval at 23.23 g/t Au. Additional drill holes recorded intervals of 16 meters at 1.39 g/t Au, 5 meters at 2.68 g/t Au (including a 1-meter section at 10.33 g/t Au) and other significant grades at shallow depths. These technical indicators suggest the oxide mineralisation extends up-dip towards the surface in a corridor measuring approximately 200 meters to the south of the current open pit. The results confirm that the high-grade oxide gold resource extends well beyond the original design parameters identified in the Definitive Feasibility Study. Meeka Metals’ Managing Director, Tim Davidson, noted that the broad zones of shallow, high-grade gold indicate substantially more potential than initially contemplated, hinting at the possibility of organically growing the production plan. The new drilling data is prompting a re-evaluation of the open pit design which, if upgraded, is expected to extend mining operations beyond the two-year period outlined in the DFS. Operational activities are progressing as planned with open pit mining at both Turnberry Central and St Anne’s North operating at a steady state. The company is preparing for significant near-term milestones, including process plant commissioning and refurbishment work to be completed by June 2025, along with the transition into ore development and growth drilling for its high-grade underground component at the Andy Well mine. Bullish sentiment is supported by the impressive drill intersections and the potential to significantly expand the oxide gold resource, which could extend the mine life and improve overall production forecasts. The forthcoming process plant upgrade and commissioning further bolster the outlook as the company positions itself to ramp up production. However, bearish considerations include the inherent risks associated with mining expansion, such as potential delays in plant commissioning, integration challenges in revising the open pit design, and the volatile gold market environment, which may impact short-term share price performance.