Meridian Mining Consolidates Mirante da Serra Project Area

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[{"type":"text","content":"\n\n\n\nMeridian Mining Consolidates Mirante da Serra Project Area\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLONDON, July 31, 2019\n\n\n\nFour new applications lodged, targeting basin-hosted manganese mineralization in Rondônia, Brazil\n LONDON, July 31, 2019 /CNW/ - Meridian Mining SE (TSXV: MNO) (\"Meridian\" or the \"Company\") today is pleased to announce that it has consolidated its land position in its new Mirante da Serra project area (\"the Project\"), with four new exploration licence applications lodged (\"the Applications\"), covering the northern extensions of the basin succession hosting the Project's prospective manganese oxide mineralization (see Figure 1). The Application areas were identified as being similarly prospective as a result of the due diligence conducted on the original Mirante da Serra JV area1.\nKey highlights of the completion of the Mirante da Serra land consolidation program are:\n4 new license applications secure the potential northern extensions of the Mirante da Serra project; The exclusive manganese mineral rights to a length of over 42km of potentially prospective sedimentary units have now been secured; and A 100% ownership2 of local land package totalling 55,016 Ha is secured.Last week, the Company announced that it had entered a joint venture on the Mirante da Serra Project Area1, targeting an area of sediment-hosted manganese oxide mineralization. In addition to the new JV licence area, Meridian also held two 100%-owned exploration licences along the NW projection of the basin trend, totalling 15,414 Ha. Four additional exploration licence applications have now been registered with the Agência Nacional de Mineração, totalling 39,602 Ha, taking Meridian's direct licence holdings in the Project area to 55,016 Ha. The Company focused on the northern area due to the increasing abundance of Mn trending north in the JV area (in areas of open access, away from influence of reserves in forested areas of the basin located further to the south / south-west o...

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