| Announcement Date: | 2022-11-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Meridian Mining UK S |
| Project name: | Cabacal |
| Location: | Brazil |
| Commodities: | Gold,Silver,Copper |
| Highlight: | Drilling results incl. 54.9m at 0.1% Cu, 2.1g/t Au, 0.5g/t Ag from 12.3m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | LONDON, United Kingdom, November 21, 2022 / Accesswire / Meridian Mining UK. S (TSX: MNO), (Frankfurt/Tradegate: 2MM) (9OTCQB: MRRDF) (“Meridian” or the “Company”) is pleased to report further assays from drilling at the Cabaçal gold‐copper VMS deposit (“Table 1”). CD‐205 has returned 54.9m @ 2.1g/t Au, 0.1% Cu & 0.5g/t Ag from 12.3m depth including 26.5m @ 4.2g/t Au, 0.1% Cu & 0.2g/t Ag from 14.0m depth within Cabaçal’s Northwest Extension’s (“CNWE”) high‐grade zone (“Figure 1”). CD‐205’s broad gold zone hosts multiple veins with visible gold grading up to 73.6g/t Au. This result confirms that the shallowest horizons of the Cabaçal resource area host strong potential for further gold‐ copper mineralization (“Figure 2”) and were not adequately assayed or tested via historical drilling. Additionally, Meridian is pleased to confirm a new shallow high‐grade mineral trend (“Figure 3”) completely outside the Cabaçal resource limits1 with the final assays from CD‐193, now including a new zone grading 9.3g/t Au & 3.0% Cu over 0.35m from 55.6m. Further assays from ongoing drilling at the Cabaçal project are pending |
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