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Meridian Drills High-Grade Zone Grading 11.3m @ 3.7g/t AuEq at Santa Helena.
Shallow high-grade mineralization extends beyond the limits of exploration target. LONDON, UK...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Drills High-Grade Zone Grading 11.3m @ 3.7g/t AuEq at Santa Helena.Shallow high-grade mineralization extends beyond the limits of exploration target.LONDON, UK / ACCESSWIRE / March 4, 2024 / Meridian Mining UK. S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQB:MRRDF) (\"Meridian\" or the \"Company\") is pleased to report further strong drill results from its resource delineation program at the Santa Helena Au-Cu-Ag & Zn VMS deposit (\"Santa Helena\"). Drilling has intercepted multiple bands of shallow mineralization highlighted by CD-421's 11.3m @ 3.7g/t AuEq[1] from 35.0m, including 3.4m @ 8.6g/t AuEq from 42.9m. CD-421's high-grade mineralization projects outside of the modelled limits of Santa Helena's Exploration Target (\"Figure 1\") announced in December 2023[2], strengthening the upside potential that Santa Helena's drill results have delineated.The Company is also confirming a major extension of the along strike extent of Santa Helena's mine horizon with CD-431 returning 5.4m @ 0.7g/t AuEq from 38.4m, located 580m east of the historical mine's limits (\"Figure 2\"). This extends the focus of Santa Helena's open pitable resource delineation corridor to 1.6km, requiring further infill drilling while yet still remaining open to the east. Drilling programs continue at the Cabaçal Project with further results pending.Highlights Reported TodaySanta Helena assays multiple bands of Au-Cu-Ag & Zn mineralization extending past the Exploration Target's limits:CD-421: 11.3m @ 3.7g/t AuEq[3] from 35.0m;Including:3.4m @ 8.6g/t AuEq from 42.9m;A 320m strike extension of Santa Helena's lower Au-Cu-Ag & Zn layer defined and remains open;Santa Helena's open pit target corridor expanded to over 1.6km but still remains open to the east;VMS system confirmed to extend outwards past historical mine's limits by 580m;CD-431 returns 5.4m @ 0.7g/t AuEq from 38.4m; andResults confirm that Santa Helena 3km mine horizon's IP anomaly remains only partially tested and remains open.Mr. Gilbert Clark, CEO, comments: \"As part of the Cabaçal hub and spoke development strategy, Santa Helena is adding more high-grade gold-copper-silver and zinc mineralisation into this highly prospective VMS belt. CD-421 also gave another along strike extension to Santa Helena's newly identified lower VMS sequence, combining to add more Au-Cu-Ag &...