Business
Meridian's 500th Drill Hole Delivers 14.3m @ 3.7 g/t AuEq from 49.0m at Santa Helena
Cabaçal mine area drilling intersects local gold zone with 2.7 m @ 12.3 g/t Au from 65.0m ...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian's 500th Drill Hole Delivers 14.3m @ 3.7 g/t AuEq from 49.0m at Santa HelenaCabaçal mine area drilling intersects local gold zone with 2.7 m @ 12.3 g/t Au from 65.0m LONDON, UK / ACCESSWIRE / July 8, 2024 / Meridian Mining UK. S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) (\"Meridian\" or the \"Company\") is pleased to announce multiple intersections of strong Cu-Au-Ag mineralization (Table 1) from the ongoing drill programs at both the advanced Cabaçal Cu-Au-Ag project (\"Cabaçal\") and the Santa Helena Cu-Au-Ag & Zn project (\"Santa Helena\"). Both deposits are part of the 50km Cabaçal VMS belt in Mato Grosso, Brazil.Drilling at Santa Helena has returned multiple intercepts of high-grade mineralization from shallow open-pitable depths. These include: CD-500: 14.3m @ 3.7 g/t AuEq from 49.0m, with a higher grade zone of 3.0m @ 8.2 g/t AuEq from 50.2m, CD-497: 5.1m @ 7.2 g/t AuEq from 41.2m, and CD-479: 6.0m @ 3.5 g/t AuEq from37.3m (\"Figure 1\").The infill drilling at Cabaçal includes results from the mine, and results from the Cabaçal Northwest Extension (\"CNWE\"). Highlights from the mine area include CD-481: 2.7m @ 12.3 g/t AuEq from 65.0m, and CD-495: 7.1m @ 2.1 g/t AuEq from 52.9m (\"Figure 2\"). These results are part of the Cabaçal's Preliminary Feasibility Study's (\"PFS\") drill program, now completed.Exploration and infill drilling continues at Santa Helena and Cabaçal respectively and further assays are pending.Highlights Reported TodayStrong results continue to reinforce the potential of Santa Helena as the next open pit target for the hub and spoke development strategy of the Cabaçal VMS belt. Shallow high-grade Cu-Au-Ag & Zn mineralization at Santa Helena continues to be intercepted:CD-500 returns 14.3m @ 3.7 g/t AuEq from 49.0m, including 3.0m @ 8.2 g/t AuEq from 50.2m;CD-497 returns 5.1m @ 7.2 g/t AuEq from 41.2m, including 3.2m @ 11.0 g/t AuEq from 42.0m;CD-479 returns 6.0m @ 3.5 g/t AuEq from 37.3m, including 2.4m @ 5.9 g/t AuEq from 40.9m;Drilling at Cabaçal defines more mineralization with highlights including:CD-481 returns 2.7m @ 12.3 g/t AuEq* from 65.0m;CD-495 returns 7.1m @ 2.1 g/t AuEq from 52.9m; andCD-484 returns 10.9m @ 1.6 g/t AuEq from 81.2m.*See technical note for separate AuEq equations for Santa Helena and Cabaçal.Mr. G...