Meridian Expands Drill Program to Target New Prospects along the Cabaçal VMS Belt

About this update from Meridian Mining Plc

[{"type":"text","content":"Meridian Expands Drill Program to Target New Prospects along the Cabaçal VMS BeltRe-assaying historic Santa Helena core confirms high-grade Cu-Au-Ag-Zn targetsLONDON, UK / ACCESSWIRE / May 23, 2023 / Meridian Mining UK S (TSX:MNO)(OTCQX:MRRDF)(Frankfurt/Tradegate:2MM) (\"Meridian\" or the \"Company\") is pleased to announce upcoming drilling programs at Santa Helena and C2A East copper gold targets in the Cabaçal VMS belt. Recent re-assays of historic drill core confirm high grade Cu-Au-Ag-Zn results at shallow depths (e.g., 5.6m @ 3.4% Cu, 3.0g/t Au, 82.6g/t Ag, and 7.6% Zn from 38.4m). Additional results are pending. To reach this stage of Santa Helena's development, the Company has made significant progress in field mapping, surface geophysical programs, data confirmation studies[1], and the relogging and resampling of historical core samples. With this upcoming drill campaign, Meridian is among the few companies worldwide advancing a VMS belt with multiple resource development projects and significant exploration potential.Highlights Reported TodayMeridian launches next resource development and discovery phase at the Cabaçal Project;Additional contractor engaged to launch Santa Helena multi pronged drill program;Vertical drill program to confirm historical assays and VMS host geology;Angled drill program to test high-grade gold over-print;Full assaying of available core and new drilling to test for mineralised extensions;Meridian Santa Helena's near mine upside to be tested;Meridian receives first assays from Santa Helena re-sampling program; includingJUCHD-032 resampled: 5.6m @ 3.4% Cu, 3.0g/t Au, 82.6g/t Ag and 7.6% Zn from 38.4m;Compared to historical result of 5.6m @ 3.4% Cu, 2.8g/t Au, 73.5g/t Ag & 6.0% Zn;JUCHD-033 resampled: 16.8m @ 0.7% Cu, 1.0g/t Au, 37.4g/t Ag & 5.3% Zn from 73.9m;Compared to historical result of 16.8m @ 0.7% Cu, 1.2g/t Au, 39.9g/t Ag, 5.1% Zn;Predefined drill targets prepared for twinning historical Santa Helena results[2]; includingJUCHD-031: 27.6m @ 1.5g/t Au, 1.6% Cu, 36.3g/t Ag, 4.4% Zn from 24.9m ;JUCHD-101: 18.9m @ 1.3g/t Au from 6.3m, including 4.5m @ 4.1g/t Au & 49.1g/t Ag from 10.2m;JUCHD-041: 8.0m @ 2.4% Cu, 2.0g/t Au, 62.1g/t Ag & 7.1% Zn from 38.5m;Third rig being mobilized to advance Cabaçal resource definition and extension; andNew drill program to...

More updates from Meridian Mining Plc