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Meridian Reports on First Results from Espigao Soil Survey Program
First results outline broad base, precious and pathfinder element halo centred around newly mo...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Reports on First Results from Espigao Soil Survey ProgramFirst results outline broad base, precious and pathfinder element halo centred around newly modelled bedrock conductorLondon, United Kingdom--(Newsfile Corp. - September 30, 2020) - Meridian Mining SE (TSXV: MNO) (\"Meridian\" or the \"Company\") today provides an exploration update on its Espigão Polymetallic Project (\"Espigão\" or the \"Project\"). Following the resumption of field activities in mid-August, a total of 779 soil samples have now been collected on a broad reconnaissance grid on licence 886303/2009 in the NW quadrant of the project area (a region not previously covered by soil sampling). The Company is also reporting that an extensive EM plate at Eduardo Mendes has been modelled as part of the additional processing being undertaken on the Company's 2015 heliborne geophysical data.Highlights of results to date are:The initial 3.4 by 1.6km survey block at Espigão has returned positive base and precious and soil anomalies which remain open;An extensive suite of pathfinder elements are coupled with the base and precious metal anomalies, consistent with an IOCG target model; and,New modelling of the 2015 HeliTEM survey data has outlined a subvertical bedrock Maxwell plate conductor, 500m vertical extent and 750m in strike length associated with the Eduardo Mendes prospect. Evaluation of the geophysical data is ongoing.Results have been reported from 169 soil samples on the initial lines in the Eduardo Mendes prospect area. Sampling has been conducted on 800m spaced north-south lines, with samples spaced at ~50m intervals, collected from the B-soil horizon. The purpose of the sampling and modelling has been to trace the structural extensions to the known prospects, to develop geochemical exploration vectors to rank targets, and to refine and prioritize targets based on bedrock geophysical signatures.Licence 886303/2009 hosts the Califórnia, Calça Frouxa and Eduardo Mendes prospects, part of a system of structures associated with hydrothermal manganesiferos and ferruginous vein, stockwork and breccias within the project area (Figure 1a, b). Meridian's new soil survey program commenced in the Eduardo Mendes area where initial results are now being reported, and proceeded to the west over the Calça Frouxa and Califórnia ar...