Meteoric Resources focuses on developing bonanza-grade gold projects in Brazil

Meteoric Resources NL (ASX:MEI) managing director Andrew Tunks updates Proactive Investors on the company's recent acquisition of the "bonanza-grade" Juruena Gold Project in Brazil.

The company entered into a binding term sheet with Crusader Resources Ltd (ASX:CAS) to acquire the Jurena and Novo Astro projects.

Meteoric is putting in place a drilling and exploration program that aims to convert existing inferred resources at Jurena to the indicated category as well as grow the resource base at these deposits.

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