Announcement Date: 2022-07-12
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. 2.3m @ 16.7g/t Au, 3.6g/t Ag, 2.2% Cu
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: LONDON, United Kingdom, July 12, 2022 / CNW / Meridian Mining UK S (TSX: MNO), (Frankfurt/Tradegate: 2MM, OTCQB: MRRDF, (“Meridian” or the “Company”) is pleased to announce that another high-grade gold vein set overprinting the VMS copper-gold layer of the Cabaçal Northwest Extension (“CNWE”) has been delineated (Figure 1). CD-147’s high-grade gold vein assayed 2.3m @ 16.7g/t Au, and provides yet another example of a new high-grade domain found within the prospective 1,250m strike length of the CNWE. Meridian is also pleased to report that its C4-A gold-silver discovery1 , has been extended from the discovery hole CD-1392 by 50m to the northwest, with CD-142 returning 10.7m @ 1.8g/t Au & 33.7g/t Ag from 45.7m. The C4A gold-silver discovery is 2km from the Cabaçal mine and is open in all directions. The Company is also reporting further assay results from the ECZ, SCZ & CNWE zones3 from its ongoing drill program at the Cabaçal copper-gold VMS project (“Cabaçal”) located in Mato Grosso Brazil. Referenced images are presented at the end of this release as well as on the Company’s website. Further results are pending. Infill-drilling results reported today, continue to extend the footprint of copper-gold mineralization into sparely drilled areas. Three rigs continue to remain active, with a particular focus on extensions to the Cabaçal Mine area. Results continue to deliver broader than expected extensions of mineralization beyond historical resource4 envelops, within which higher-grade structures continue to be encountered.
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