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Meridian Reports Shallow High-Grade Drill Results and 1km Step Out From Cabaçal
CD-264 returns 12.6m @ 15.5g/t AuEq from 43.3m in Northwest Extension LONDON, UK / ACCESSWIRE...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Reports Shallow High-Grade Drill Results and 1km Step Out From CabaçalCD-264 returns 12.6m @ 15.5g/t AuEq from 43.3m in Northwest ExtensionLONDON, UK / ACCESSWIRE / July 11, 2023 / Meridian Mining UK S (TSX:MNO)(OTCQX:MRRDF)(Frankfurt/Tradegate:2MM) (\"Meridian\" or the \"Company\") is pleased to provide an update on its programs at Cabaçal, where CD-264 has returned further strong results from the Cabaçal Northwest Extension (\"CNWE\"). CD-264 has intersected a high-grade zone of 12.6m @ 15.5g/t AuEq (15.3g/t Au, 0.2% Cu & 0.6g/t Ag) from 43.3m, representing a northern extension of similar high-grade results (CD-049, CD-072[1]). This and additional results in the mine area show the potential to better define the projection of higher grade trends across the deposit. In parallel with the resource development program, the Company is advancing with exploration of near-mine extensions, with a copper gossan identified at surface, located 350m southeast of CD-240's copper feeder zone. Drilling has also confirmed the mineralized position of the VMS horizon in a 1km step-out to the southeast of the Cabaçal mine.Highlights Reported TodayCabaçal Northwest Extension returns more high-grade gold intersections;CD-264 returns 12.6m @ 15.5g/t AuEq (15.3g/t Au, 0.2% Cu & 0.6g/t Ag) from 43.3m;New results consolidate domain of high-grade mineralization extending over 175m;1km step-out along the Cabaçal trend intersects a base metal horizon correlative with the Cabaçal system;CD-255 drill hole adds context for further exploration for VMS sulphide mounds;Arrival of Geonics down-hole probe to assist in targeting thicker Cu-Zn-Ag-Au zones;Preparations advance for mobilization of new Santa Helena drill rigContractor representative due on site this month to prepare for mobilization of regional drill rig, with program to commence at Santa Helena;Program targeting verification of historic drilling and exploratory holes into satellite zones surrounding the historic resource ; andCabaçal development studies are advancing in preparation for submission of the Environmental Impact Assessment for the consideration of up to 4.5Mtpa expanded production scenario.Dr. Adrian McArthur, CEO, comments: \"The CD-264 high-grade result of 12.6m @ 15.5g/t AuEq from 43.3m shows the value of infill drilling in achiev...