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Meridian Defines Initial Exploration Target of 3.2 - 7.3 mt @ 3.0 - 3.2 g/t AuEq at Santa Helena
Exploration Target is contained within only 1.4km of the ~3km prospective trend LONDON, UK / ...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Defines Initial Exploration Target of 3.2 - 7.3 mt @ 3.0 - 3.2 g/t AuEq at Santa HelenaExploration Target is contained within only 1.4km of the ~3km prospective trendLONDON, UK / ACCESSWIRE / December 5, 2023 / Accesswire / Meridian Mining UK S (TSX:MNO)(OTCQX:MRRDF)(Frankfurt:2MM)(Tradegate:2MM) (\"Meridian\" or the \"Company\") is pleased to report that it has assessed the geological potential of the Santa Helena mine area (\"Santa Helena\") based on new and historical data, generating an initial Exploration Target with a tonnage range of 3.2 -7.2 Mt grading between 3.0 - 3.2g/t AuEq* , which gives a potential high-grade metal inventory range of between 306,000 to 763,000 AuEq ounces, located within 10km of the proposed Cabaçal mill site 1 .The Company is also reporting further strong intercepts at Santa Helena including CD-359: 36.6m @ 1.3g/t AuEq from 13.0m; and CD-378: 5.9m @ 5.5g/t AuEq from 38.3m. These follow early positive results 2 from the Company's verification and extensional drilling program, and now highlight an expansion of Santa Helena's mineralization across strike, and at depths suitable to open pit development potential. Further drill results remain pending.Highlights Reported TodayMeridian reports Exploration Target for Santa Helena mine area of 3.2 - 7.2 Mt @ 3.0 - 3.2g/t AuEq ;Exploration Target's contained metal is between 306,000 to 763,000 AuEq ounces ;Mineralization grades 1.0 - 1.1g/t Au, 0.7 - 0.8 % Cu, 20.0 - 26.3 g/t Ag and 2.8 - 3.0 % Zn;Exploration target restricted to 1.4km of the ~3km prospective trend;Santa Helena's drilling expands and confirms shallow VMS Au, Cu, Ag and Zn mineralization;CD-359: 36.6m @ 1.3g/t AuEq (0.6g/t Au, 0.4% Cu, 8.4g/t Ag & 0.8% Zn) from 13.0m;Including :9.4m @ 1.9g/t AuEq (1.3g/t Au, 0.6% Cu, 15.1g/t Ag & 0.5% Zn) from 13.0m;CD-378: 5.9m @ 5.5g/t AuEq (1.9g/t Au, 1.3% Cu, 33.5g/t Ag & 5.6% Zn) from 38.3m; andExpansion of drilling into Santa Helena's prospective ~2km eastern extension is planned for 2024.* The potential quantity and grade of an Exploration Target is conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The metal equivalence formula is based on the historical Santa Helena resource r...