Business
Meridian Outlines Further Resource Development and Exploration Prospects at Cabaçal
C4-A's geophysical anomaly extended 1.8km to the Cabaçal deposit LONDON, UK / ACCES...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Outlines Further Resource Development and Exploration Prospects at CabaçalC4-A's geophysical anomaly extended 1.8km to the Cabaçal depositLONDON, UK / ACCESSWIRE / September 6, 2022 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQB:MRRDF), (\"Meridian\" or the \"Company\") is pleased to provide an update on its Cabaçal Mine Corridor exploration program. The recent completion of a Gradient Array Induced Polarization (\"IP\") survey has linked the open C4-A gold-silver precious metal discovery[1], to the Cabaçal copper-gold deposit 1.8km to the northwest (\"Figure 1\"). Multiple enhanced chargeability responses along this new trend, provide strong targets for follow-up evaluation and next drill programs.The Company has also retrieved an additional 1,625 historical multielement soil sample records from archival maps of BP Minerals following improved survey control. It has connected the Sucuri prospect, the Santa Helena Mine and the Álamo prospect into a highly prospective 6.5 km copper-gold-silver VMS trend (\"the C2 Trend\") (\"Figure 2\"). After the Cabaçal deposit, this will be the focus of future resource development and exploration programs. The C2 Trend is part of the 50km long Cabaçal VMS copper-gold system that has been overprinted by a late-stage gold event.Highlights Reported TodayMeridian's IP survey links C4-A gold-silver discovery to the Cabaçal deposit 1.7km to the northwest;Geological flexures and structural intersections provide immediate targets for drill programs;IP anomaly links C4-A gold-silver discovery with BP hole JUSPD258 that returned 26.2 g/t Au over 0.6m, 1km to the northwest;Meridian defines highly prospective 6.5km long copper-gold-silver C2 Trend;Newly digitized BP data connects Sucuri to Santa Helena and Santa Helena to Álamo creating the \"C2 Trend\";C2 Trend host historical resources, drill results, VTEM plates and extensive surface mineralization and has been overprinted by the late stage Cabaçal gold event, including;JUCHD011: 140g/t Au over 1.0m from 53.0mC2 Trend's copper-gold-silver mineralization and historical resources to be evaluated for its open-pit potential;C2 Trend remains open along strike along the southeast projection of the Cabaçal Belt; andCabaçal maiden resource statement on schedule for end of Q3, ...