Announcement Date: 2022-09-26
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Meridian Mining SE
Project name: Cabacal
Location: Brazil
Commodities: Gold,Silver,Copper
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: LONDON, United Kingdom, September 26, 2022 / Accesswire / Meridian Mining UK S (TSX: MNO, (Frankfurt/Tradegate: 2MM, OTCQB: MRRDF) (“Meridian” or the “Company”) is pleased to announce its maiden Mineral Resource estimate for the Cabaçal copper‐gold‐silver VMS Deposit “Cabaçal” in Mato Grosso, Brazil. The Mineral Resource estimate was provided by specialist group, H&S Consultants Pty Ltd (“H&SC”) and comprises Indicated Resources of 52.9 Mt @ 0.6g/t Au, 0.3% Cu & 1.4g/t Ag plus Inferred Resources of 10.3Mt @ 0.7g/t Au, 0.2% Cu and 1.1g/t Ag at a 0.3g/t AuEq cut‐off grade (Table 1). A technical report will be filed on the Company’s website and SEDAR within 45 days of this disclosure. Significantly, the resource is near‐surface, and extends over 1.9km with a prominent high‐grade shallow gold zone in the Cabaçal Northwest Extension. Ongoing drilling on the margins of the resource has intercepted strong zones of copper‐gold mineralization; further drill results are pending.
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