Business
Meridian Confirms Cabaçal's Mine Corridor's Significant Exploration Potential
Extensions to Gold-Silver discovery and VMS system at C2A-East LONDON, UK / ACCESSWIRE /...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Confirms Cabaçal's Mine Corridor's Significant Exploration PotentialExtensions to Gold-Silver discovery and VMS system at C2A-EastLONDON, UK / ACCESSWIRE / June 28, 2022 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQB:MRRDF), (\"Meridian\" or the \"Company\") is pleased to announce an extensive exploration update within the 11km long Cabaçal Mine Corridor. Results from recently completed IP surveys have extended the prospectivity of the C4-A gold-silver discovery1 along strike to the southeast linking up with further gold-in-soil anomalies. The Company is also announcing that recent geophysical surveys from the VMS copper target at C2-A East2, have defined strong basement EM and IP anomalies, creating a new priority target for future drilling.The strong geophysical results to date, coupled with ongoing drilling success at Cabaçal, highlight the outstanding potential of the essentially untested 22km strike length of open soil anomalies within the Cabaçal Project (Figure 1). These combined results are strengthening the Cabaçal project as one of the most exciting, emerging metallogenic belts in South America.Three surface drill rigs and four drill crews are currently confirming, infilling, and expanding the extensive near-surface copper-gold mineralization of the Cabaçal Mine. Referenced images are presented at the end of this release as well as on the Company's website. Further results are pending.Highlights Reported Today:CD-139 Discovery: New IP anomalies extend prospectivity of C4-A Gold-Silver Extensions;Next phase of work to focus on untested northwest trend back towards Cabaçal Mine;Strong basement responses detected southeast of discovery hole CD-139 confirm further upside;C2-A East Copper Prospect: New Priority target - Geophysics confirms basement potentialPriority target 3km southeast of Cabaçal Mine;Extensive geophysical anomalies define basement geophysical signature;Copper anomaly with peak readings of 0.1% Cu associated with 1.2km alteration system from Worldview 3 satellite survey;Ongoing geochemical - geophysical data compilation and exploration emphasizes Cabaçal's belt-scale potential of emerging targets;Extensive soil anomalies cover only 22km of the 50km long Cabaçal project; with unsurveyed gaps to be progressively infilled; andInfill g...