Announcement Date: 2021-11-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Meridian Mining SE
Project name: Cabacal
Location: Brazil
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 49.0m @ 4.3g/t Au, 0.4% Cu, 1.2g/t Ag from 43.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: LONDON, United Kingdom, November 29, 2021 / CNW / Meridian Mining UK S (TSXV: MNO) (Frankfurt: 2MM) (Tradegate: 2MM) (OTCQB: MRRDF) (“Meridian” or the “Company”) is pleased to provide an update on results from its ongoing drilling and exploration programs at its camp scale Cabaçal CopperGold VMS Project (“Cabaçal”) in Mato Grosso, Brazil. Meridian has confirmed that the re-assaying of CD0721 located within the Cabaçal Northwest Extension (“CNWE”), has via screen fire assay, captured the previously missed coarse gold (“Au”) component hosted within the high-grade Au veins intercepted and returned 49.0m @ 4.3g/t Au, 0.4% Cu and 1.2 g/t Ag (previously announced on November 9, 2021, as returning 49.0m @ 1.6g/t Au, 0.4% Cu and 1.2g/t Ag). Meridian is also announcing that CD-071, collared 100m Northwest of the Cabaçal mine has intercepted high-grade Au structures overprinting shallow layers of VMS style copper (“Cu”), Au, and silver (“Ag”) and effectively connected the mine’s Cu-Au mineralization with that of the CNWE’s. This near surface continuous trend of VMS Cu-Au-Ag layers overprinted by high grade Au structures has now been defined by Meridian’s ongoing drill program to over a ~1,700m strike length that remains open (Figure 1). This has been further confirmed by CD-068 collared in the Eastern Copper Zone (“ECZ”) that has also intercepted a broad VMS Cu-Au-Ag layer overprinted by a high-grade Au structure.
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