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Meridian Delivers Inaugural Cabaçal Database for Q3 2022 Maiden Resource Estimation
Cabaçal's ongoing resource and exploration drill programs to continue into 2023 LON...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Delivers Inaugural Cabaçal Database for Q3 2022 Maiden Resource EstimationCabaçal's ongoing resource and exploration drill programs to continue into 2023LONDON, UK / ACCESSWIRE / August 22, 2022 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQB:MRRDF), (\"Meridian\" or the \"Company\") is pleased to announce that it has delivered the Cabaçal database to the resource specialist group H&S Consultants (\"H&SC\"), in preparation for the maiden resource estimate on the Cabaçal copper-gold VMS Deposit, expected at the end of the 3rd Quarter, 2022. When released, the Company intends to use this inaugural resource statement to advance both ongoing and forecast engineering, mining, and financial studies. Currently, there are several zones of open copper-gold and gold only mineralization along the Cabaçal deposit's strike length, and a second resource update is forecasted for early 2023 to incorporate results from these extensions. Ongoing and future diamond drill hole (\"DDH\") programs are also planned to test near-mine targets like the C4-A gold-silver discovery and to confirm and expand the Santa Helena deposit. Referenced images are presented at the end of this release as well as on the Company's website. Further results are pending.HIGHLIGHTS REPORTED TODAYMeridian delivers Cabaçal database to H&SC for maiden resource estimation;Data from 869 DDH's (91,956m), 23 trenches (1,539m) and including 58,428 assays have been delivered for use in geological modelling and resource estimation ;Cabaçal maiden resource statement to use results from the 2022 metallurgical program;Drilling continues on Cabaçal's open zones of copper-gold and gold only mineralization;Future results to be used in Cabaçal resource upgrade in 2023;Cabaçal Mine Corridor resource delineation and exploration drilling to be expanded;C4-A gold-silver drill program to be expanded;The Santa Helena zinc & copper-gold-silver resource confirmation program to be launched; andMeridian to continue reporting drilling and exploration results through into 2023.Dr Adrian McArthur, CEO and President comments: \"The delivery of Cabaçal's database to H&SC, represents a significant milestone in the Company's activities since drilling first began in March 2021. Over the last eighteen months Me...