Meridian Drills Best Copper-Gold VMS Intercept at Cabaçal: 12.7% CuEq / 19.0g/t AuEq over 12.8m in High-Grade Feeder Zone

About this update from Meridian Mining Plc

[{"type":"text","content":"Meridian Drills Best Copper-Gold VMS Intercept at Cabaçal: 12.7% CuEq / 19.0g/t AuEq over 12.8m in High-Grade Feeder ZoneLONDON, UK / ACCESSWIRE / March 27, 2023 / Meridian Mining UK. S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQB:MRRDF) (\"Meridian\" or the \"Company\") is pleased to provide an update on the ongoing drill program at Cabaçal (\"Figure 1\"). Drill hole CD-240 has intersected a wide high-grade copper zone that grades 34.5m @ 5.3% CuEq[1] / 7.9g/t AuEq (4.0% Cu, 1.7g/t Au & 22.4g/t Ag) with the core of the high-grade feeder zone returning 12.8m @ 12.7% CuEq / 19.0g/t AuEq (9.7% Cu, 4.0g/t Au & 55.8g/t Ag) (\"Figure 2\"). This is the highest-grade copper interval (\"Table 1\") ever drilled in the history of Cabaçal, with peak assay grades of 17.9% Cu and 34.1 g/t Au, and multiple copper assays grading greater than 17.0% Cu (\"Photo 1\"; \"Table 2\"). This rich feeder zone is considered open, with further drill results from Cabaçal to be released in the near future.Highlights Reported TodayMeridian's CD-240 drills the highest-grade VMS copper-gold feeder zone to date at Cabaçal;Cabaçal's highest grade copper zone returns:34.5m @ 5.3% CuEq / 7.9g/t AuEq (4.0% Cu, 1.7g/t Au & 22.4g/t Ag) from 125.35m; including:12.8m @ 12.7% CuEq / 19.0g/t AuEq (9.7% Cu, 4.0g/t Au & 55.8g/t Ag) from 129.9m;Peak assay grades of 17.9% Cu, 34.1 g/t Au, 105g/t Ag; andCD-240 high-grade zone remains open.Dr. Adrian McArthur, CEO, comments: \"The highest-grade VMS results reported today from CD-240's copper-gold feeder zone highlight the tremendous upside that Cabaçal continues to offer. This trend has the potential to enhance the existing resource base and extends below the current open pit design. The targeting of this open mineralization in the Southern Copper Zone (\"SCZ\") is part of the ongoing drill program. We expect these results to deliver a positive contribution to the next phase of economic studies. Our technical team continues to analyse the historical data which led directly to these significant results in the high-grade SCZ's extensions.\"Photo 1: CD-240's highest grading mineralized intervals SCZ Copper Sulphide Feeder SystemThe Company will include this new zone, and the multiple of other higher-grade trends, defined since August 2022, in the upcoming Cabaçal resource update...

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