LATEST NEWS

MERAH ACQUIRES OPTION ON GOLD PROJECTS IN GHANA 

Merah to acquire the farm in rights to a copper project  located in the Yukon territory of Canada. The Fyre Lake project hosts the Kona VMS deposit, containing a total Mineral Resource of 8.93 Mt @ 1.52% Cu, 0.09% Co and 0.56g/t Au, classified as Indicated and Inferred in accordance with guidelines of the 2012 JORC Code.

Fyre Lake occurs in the productive Finlayson Lake region which also hosts the undeveloped Kudz ze Kayah deposit and the high-grade Wolverine mine.

In addition, via the acquisition of Oresearch Limited,  Merah will also acquire  the option to earn a 100% interest in the Coober Pedy Project from Teck Australia Pty Ltd.

The Coober Pedy Project is currently 100% owned by Teck and comprises three exploration licenses located at the north-western end of the highly endowed Proterozoic Olympic Iron Oxide Copper-Gold (IOCG) Province in the Gawler Craton, South Australia. 

Teck has defined a strong, discrete magnetic and gravity anomaly, the Cyclops prospect, which is an untested ‘walk-up’ IOCG drill target in close proximity to the Karari Shear Zone.  

These transactions form part of Merah’s transition to a new Board and Management Team with a greater emphasis on copper project acquisition and development.

 

 

CURRENT SHARE PRICE

ASX Code (MEH) $0.042

Price delayed by 20 mins.

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Welcome to Merah Resources

Merah Resources Limited (ASX: MEH) is a resources company whose primary purpose is to define further mineralization on its existing deposits and identify, review and acquire potential new resource projects both in Australia and Overseas.

The company currently owns the farm-in rights to the Boizan and Antubia gold projects located in Ghana, West Africa.

On July 18th 2014 Merah entered into an agreement to acquire the farm in rights to a copper project  located in the Yukon territory of Canada from Pacific Ridge Exploration Limited. The Fyre Lake project hosts the Kona VMS deposit, containing a total Mineral Resource of 8.93 Mt @ 1.52% Cu, 0.09% Co and 0.56g/t Au, classified as Indicated and Inferred in accordance with guidelines of the 2012 JORC Code.

In addition, via the acquisition of Oresearch Limited, Merah will also acquire the option to earn a 100% interest in the Coober Pedy Project from Teck Australia Pty Ltd.

In line with its stated objectives, Merah will continue to identify, evaluate and if warranted, acquire additional resource projects and assets both in Australia and overseas.

The company will acquire these additional interests by way of direct acquisition, farm-in, joint venture or direct equity investments in the project owners.