Business
Meridian Completes Cabaçal DFS Drill Program with Strong Results and Advances Regional Exploration
Highlights: Meridian reports multiple Au-Cu-Ag intersections from final phase of Cabaçal...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Completes Cabaçal DFS Drill Program with Strong Results and Advances Regional ExplorationHighlights:Meridian reports multiple Au-Cu-Ag intersections from final phase of Cabaçal DFS drilling, with highlights including:CD-760: 27.5m @ 1.9g/t AuEq (1.4% CuEq); and12.8m @ 4.9g/t AuEq (3.6% CuEq);Including 6.4m @ 8.2g/t AuEq (6.1% CuEq);CD-752: 17.6m @ 1.8g/t AuEq (1.3% CuEq);Including 3.1m @ 6.5g/t AuEq (4.8% CuEq);CD-743: 24.5m @ 1.9g/t AuEq (1.4% CuEq);Including 9.4m @ 4.4g/t AuEq (3.3% CuEq);CD-748 hits gold dominant layer grading 16.4m @ 0.9g/t Au, 0.1% Cu & 0.2g/t Ag;Strengthens regional exploration prospectivity for bulk tonnage gold deposits;Grassroots exploration at Cigarra maps new 2.0km precious and base-metal VMS prospect;Peak precious metal grades of 1.5g/t Au and 12.1g/t Ag in drilling;Base metal dominant domain seen along strike, with assays pending; andExploration drill program continues.London, United Kingdom--(Newsfile Corp. - October 7, 2025) - Meridian Mining UK S (TSX: MNO) (FSE: N2E) (Tradegate: N2E) (OTCQX: MRRDF) (\"Meridian\" or the \"Company\") is pleased to announce results from the final phase of Cabaçal's Definitive Feasibility Study's (\"DFS\") drill program. Starting at shallow depths, multiple stacked layers1 hosting robust grades of Au-Cu-Ag ore are reported (\"Figure 1\"). Locally, high-grade gold overprinting (including visible gold) of the VMS layers returned 0.9m @ 35.8g/t Au. This now-completed DFS drill program has returned robust grades of gold, copper and silver mineralization that will be strong contributors to the DFS's resource and reserve upgrades in 2026.Meridian is also reporting greenfield exploration success at Cigarra. Initial results demonstrate that peripheral precious and base-metal VMS mineralization, similar to that drilled on the edge of the Cabaçal deposit, has been intercepted. Two rigs are currently drilling into this VMS trend, which is untouched by historical exploration activity. This initial drilling campaign is being used to further vector the drill plan towards a potential hydrothermal centre.Mr. Gilbert Clark, CEO, comments: \"The final phase of drilling at Cabaçal has been completed, as a major milestone of the DFS program, well in advance of the FID decision in 2026. We have now completed a tremendous effort of counter-cycle...