Announcement Date: 2022-04-26
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. 64.1m @ 0.2% Cu, 1.0g/t Au, 1.0g/t Ag from 11.1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: LONDON, United Kingdom, April 26, 2022 / CNW / Meridian Mining UK S (TSX: MNO), (Frankfurt/Tradegate: 2MM) & (OTCQB: MRRDF), (“Meridian” or the “Company”) is pleased to announce that multiple holes have confirmed a 2 nd structure hosting high grade gold overprinting the copper-gold VMS layers, drilled on the southwestern side of Cabaçal’s Northwest Extension (“CNWE”). This 2nd parallel gold trend is ~70m to the southwest of the first structure defined by Meridian1 (“Figure 1”). To date this 2 nd structure is open, initially defined over 100m, and is interpreted as being one of the structures extending out from the Cabaçal mine 750m to the southeast. Asthe CNWE’s infill drill program is ongoing, there is a potential for further overprinting high-grade gold structures extending out from the mine to be intersected. These first two high-grade gold structures (and any future ones delineated) were never identified within the CNWE’s historical vertical drilling nor included in Cabaçal’s historical resource2 (“Figure 2”). Meridian is also reporting, equally high-grade results from the ongoing drill program at the Cabaçal Mine. A further 10,000m remain to be drilled and further assay results are pending.
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