Bom Futuro Area Expansion, Progress and JV Update

About this update from Meridian Mining Plc

[{"type":"text","content":"\n\n\n\nBom Futuro Area Expansion, Progress and JV Update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONDON, Oct. 23, 2017\n\n\n\nLONDON, Oct. 23, 2017 /CNW/ - Meridian Mining SE (TSX V: MNO) (\"Meridian \" or the \"Company\") today provided an update on exploration results from its Bom Futuro tin joint venture in the state of Rondônia, in NW Brazil.\n\nPROJECT BACKGROUND\n\nThe Bom Futuro tin mine has produced 195,000t of tin over a thirty-year history of continuous operation since its discovery in 1987. Meridian Mining entered a joint venture with the project owners - Coopersanta – in late 20161. The initial priority has been to evaluate opportunities to recover tin from the millions of cubic meters of tailings which have accumulated around the Bom Futuro Hill. The appreciation of the tin price in recent years has created a more favourable climate for assessing retreatment scenarios (current LME Cash buyer $US 20,925/t, from historical lows of $US3,625 in September 2001).\n\n\n\n\n________________________\n\n\n\n1\n\n\nDetails of the agreement are summarised in the Company's announcements of Dec. 19, 2016; March 16, 2017.  \n\n\nHIGHLIGHTS\n\n\nPositive discussions with JV partners Coopersanta have expanded the area subject to the mining services agreement. The total area of tailings basins now allocated to Meridian for retreatment is 1,261 ha. Extensions to the southern palaeochannel system in the Central Area have also been included.\nDrilling continues on the tailings with two percussion rigs in operation. Site visit undertaken by resource consultancy H&S Consulting in preparation for resource estimation, with the objective of publishing the maiden resource and PEA in the ...

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