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Meridian Reports Commencement of Drilling at Santa Helena with Fourth Rig
Further exploration update on multiple high-priority hydrothermal centres within the Cabaçal...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Reports Commencement of Drilling at Santa Helena with Fourth RigFurther exploration update on multiple high-priority hydrothermal centres within the Cabaçal VMS beltLONDON, UK / ACCESSWIRE / August 8, 2023 / Meridian Mining UK S (TSX:MNO)(OTCQX:MRRDF)(Frankfurt/Tradegate:2MM) (\"Meridian\" or the \"Company\") is pleased to advise of the arrival of the fourth rig and the expansion of the Company's exploration programs into new targets. Drilling has now commenced at Santa Helena, targeting confirmation and expansion of the historic high-grade VMS resources and the previously untested high-grade gold overprint.Meridian has also received an environmental licence (\"LOPM\") to enable additional exploration of multiple high-priority hydrothermal centres across the Cabaçal VMS belt, including an initial 2km of Alamo, in addition to the Chiquito and Cigarra targets (previously \"C2-A\", & \"C6\" respectively. See Figure 1).The geological team has been further strengthened with the appointment of a Chief Geologist, Mr Erich Marques, adding extra resources to the geological management team in realizing the Cabacal Project's exploration and development potential.Highlights Reported TodayDrilling has commenced in the Santa Helena Zone;Vertical drill program to confirm historical high-grade results and VMS host geology;Angled drill program to test high-grade gold over-print;Drill program to test near mine exploration upside defined by geophysics;New bore-hole probe arriving to optimize targeting for Cu-Zn-Au-Ag mineralization.Meridian receives additional permits and access agreements for expanded exploration across the VMS belt;Environmental licence covers ten additional farms on three exploration licences;Opens up further exploration programs at the initial 2km of Alamo target, in addition to the Cigarra, & Chiquito targets;Geological and geophysical programs to be expanded to define drill targets; andMeridian strengthens geological management team with appointment of Chief Geologist, Erich Marques.Dr. Adrian McArthur, CEO, comments: \"The Company is very pleased to have now added the fourth rig to its 2023 drilling program, which enables testing of new areas and targets while maintaining the high rate of drilling at Cabacal. Work is commencing at Santa Helena where we will conduct verification and extensional dri...