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Merida Minerals Holdings Inc. Announces Re-Assay Results from Its Puebla de la Reina Property in Spain

Toronto, Ontario--(Newsfile Corp. - May 17, 2022) - Merida Minerals Holdings Inc. (TSXV: ...

articleHispania Resources IncMay 17, 20225/company/merida-minerals-inc/news/merida-minerals-holdings-inc-announces-re-assay-results-from-its-puebla-de-la-reina-property-in-spain
Merida Minerals Holdings Inc. Announces Re-Assay Results from Its Puebla de la Reina Property in Spain

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[{"type":"text","content":"Merida Minerals Holdings Inc. Announces Re-Assay Results from Its Puebla de la Reina Property in SpainToronto, Ontario--(Newsfile Corp. - May 17, 2022) - Merida Minerals Holdings Inc. (TSXV: ESPN) (\"Merida\" or \"the Company\") is pleased to announce the results of initial core samples that have been re assayed from its Las Herrerais property, located near the village of Puebla de la Reina in Extremadura, Spain. The samples were procured from the secured facility that is controlled by the Geological and Mining Institute of Spain (Instituto Geologico y Minero de Espana or \"IGME\") located in Pennaroya, Extremadura. The core represents drilling carried out by IGME and Outukumpu on the Las Herreiras property previously.The historical drilling was first carried out by IGME, which drilled 1,732.90 metres between 1984 and 1987.IGME calculated a resource of 300,000 tonnes with grades of 1.6% Cu., 11% Zn., 1.2% Pb and 32 g/t Agi.The property was subsequently acquired by Outukumpu, who carried out a drilling program between 1999 to 2001 of 4,86.75 meters.Outukumpu calculated a resource of 500,000 tonnes at grades of 1.6% Cu., 11% Zn., 1.2% Pb and 32 g/t Agii.i the drill results have not been verified by Merida therefor tonnages and grades cannot be relied upon. They are quoted in historical context only.ii the drill results have not been verified by Merida therefor tonnages and grades cannot be relied upon. They are quoted in historical context only.Portions of this historic core were sampled by IGME at the request of Merida. Subsequently the samples were assayed by ALS Laboratory Group SL in Spain (Certificate of Analysis SV19134984), with results noted below in Table 1. Sample DescriptionMethod WEl·ZlAu·AA23ME·OG62ME·OG62ME·OG62ME-OG62AnalyteRecvd Wt.AuAgCuPbZnUnitkgppmppm%%%LOD 0.020.005I0.0010.0010.001P.D.R. 2    35.91-36.210.210.313291.6100.27120.8P.D.R. 2    36.36-36.540.210.338102.140.04916.60P.D.R. 2    38.60-38.800.200.10091.0650.1323.15P.D.R. 3    86.15-86.250.13O.o1810.0730.0280.353P.D.R. 4    23.62-23.770.330.131150.7170.0340.201P.D.R. 5    22.70-22.950.4510.542534.960.11925.2P.D.R. 5    25.67-26.050.470.528811.4156.08>30.0P.D.R. 6    63.30-63.470.390.525921.7005.90>30.0P.D.R. 8&#...

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