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Meridian Commences Cabaçal's PFS & Advances Santa Helena Resource Delineation in Expansion of the Cabaçal Belt's Hub and Spoke Strategy
Santa Helena returns 11.0m @ 5.2g/t AuEq & 6.8m @ 3.3g/t AuEq in newly discovered layer of Au...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Commences Cabaçal's PFS & Advances Santa Helena Resource Delineation in Expansion of the Cabaçal Belt's Hub and Spoke StrategySanta Helena returns 11.0m @ 5.2g/t AuEq & 6.8m @ 3.3g/t AuEq in newly discovered layer of Au-Cu-Ag and Zn VMS mineralization.LONDON, UK / ACCESSWIRE / January 10, 2024 / Meridian Mining UK S (TSX:MNO)(OTCQX:MRRDF)(Frankfurt/Tradegate:2MM) (\"Meridian\" or the \"Company\") is pleased to report its strategy to further advance multiple prospects within the Cabaçal VMS Belt as part of a \"Hub and Spoke\" strategy to maximise value for shareholders. The Cabaçal Project's (\"Cabaçal\") current engineering and drill programs will be upgraded to complete a Pre-Feasibility Study (\"PFS\") on an expanded production case, to delineate higher certainty of the core asset value.Due to the continued success of drilling at the Santa Helena mine (\"Santa Helena\"), the Company has decided to advance the historical mine towards a resource estimate to maximise its optionality within the broader VMS belt. Santa Helena has the potential to be the first step towards the Hub and Spoke strategy envisaged for the development of the wider Cabaçal Belt's growth potential.The Company further announces that it has discovered a rich layer of Au-Cu-Ag and Zn VMS mineralization projecting below the main VMS mine horizon at Santa Helena, grading 11.0m @ 5.2g/t AuEq (CD-360) and 6.8m @ 3.3g/t AuEq (CD-416). Further extensions of the VMS mine horizon have been intersected in CD-420, and CD-431, up to 510m to the east of the historical resource envelope (\"Figure 1\"). Further assay results from Cabaçal and Santa Helena are pending.Highlights Reported TodayCabaçal's work programs upgraded to produce a Pre-Feasibility Study in 2024 leading to higher project certainty;Santa Helena's robust growth in resource potential to be advanced towards first resource in 2024;Santa Helena's drilling intercepts new Au-Cu-Ag and Zn rich VMS lens located below mine sequence;CD-360: 11.0m @ 5.2g/t AuEq (0.9g/t Au, 2.2% Cu, 22.1g/t Ag & 3.5% Zn) from 30.0m;CD-416: 16.6m @ 2.1g/t AuEq (0.7g/t Au, 0.6% Cu, 14.7g/t Ag & 1.7% Zn) from 41.4m;Including 6.8m @ 3.3g/t AuEq (1.3g/t Au, 1.1% Cu, 23.3g/t Ag & 1.9% Zn) from 41.4m;Santa Helena's prospective VMS mine sequence extended by 0.51km to the east wi...