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Meridian Updates on Granting of Álamo Licence and Cabaçal's Strong Drill Results
CD-210 returns 26.8m @ 1.6g/t AuEq, including 4.5m @ 5.3g/t AuEq LONDON, UK / ACCESSWIRE / Ja...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian Updates on Granting of Álamo Licence and Cabaçal’s Strong Drill ResultsCD-210 returns 26.8m @ 1.6g/t AuEq, including 4.5m @ 5.3g/t AuEqLONDON, UK / ACCESSWIRE / January 10, 2023 / Meridian Mining UK. S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQB:MRRDF) (\"Meridian\" or the \"Company\") is pleased to report the granting of the highly prospective Álamo exploration licence (\"Álamo\"). Álamo hosts multiple open copper-gold soil geochemical targets, VTEM anomalies, and large alteration systems (\"Figure 1\"). Meridian's initial reconnaissance and field portable XRF readings have identified untested gossans associated with both BP soil survey areas and newly identified large alteration systems. Field work is ongoing.Meridian reports multiple strong drill results from the Cabaçal gold-copper VMS deposit, where the latest infill drilling continues to define strong coherent layers of high-grade gold, copper and silver mineralization (\"Figure 2\") from Cabaçal's Northwest Extension (\"CNWE\"). Results include 26.8m @ 1.6g/t AuEq from 72.7m including 4.5m @ 5.3g/t AuEq from 95.0m (CD-210); 25.0m @ 1.2 g/t AuEq from 37.0m including 2.6m @ 7.9g/t AuEq from 41.0m (CD-211), and 35.1m @ 1.0g/t AuEq from 47.1m including 3.3m @ 7.6g/t AuEq from 78.8m (CD-216) (\"Table 1\"). These results continue to strengthen Cabaçal's open-pit potential and enhance opportunities for a high grade starter pit; further assays are pending.Highlights Reported TodayÁlamo exploration title, hosting some of Cabaçal's largest exploration targets, has been granted;Álamo is along trend from the Santa Helena massive sulfide Cu-Au-Zn-Ag deposit;First field work program identifies copper gossans associated with principal target areas;Targets within trucking distance of the Cabaçal gold-copper resource[1] area;Cabaçal continues assaying multiple high-grade gold-copper layers; andCNWE's existing and new high-grade trends remain to be covered by the ongoing drill program.Dr. Adrian McArthur, CEO and President comments: \"With the granting of the Álamo licence, Meridian has been given the keys to one of the most prospective zones within the VMS belt and the opportunity to test more of Cabaçal's greenfields upside. We can now launch a systematic program of soil geochemical surveys and geophy...