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Meridian's Drilling Exceeds Expectations and adds more Metal into Cabaçal Open-Pit
Infill program changing in-pit waste zones to strong copper-gold mineralization LONDON, UK / ...
About this update from Meridian Mining Plc
[{"type":"text","content":"Meridian's Drilling Exceeds Expectations and adds more Metal into Cabaçal Open-PitInfill program changing in-pit waste zones to strong copper-gold mineralizationLONDON, UK / ACCESSWIRE / May 9, 2023 / Meridian Mining UK. S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQB:MRRDF) (\"Meridian\" or the \"Company\") is pleased to provide an update on the continuing successes of the ongoing drill program at Cabaçal (\"Figure 1\"). Drill results have confirmed that the near-surface VMS mineralization within Cabaçal's open pit, largely un-assayed by the historical drill program, hosts extensive copper-gold mineralization, and that the higher-grade copper-gold trends within the Cabaçal resource[1] remain open. Additionally, drilling of the up-dip extensions of the Cabaçal Northwest Extension (\"CNWE\"), external to the resource model but within the open-pit, where it is currently classified as waste, have returned the highest grade copper VMS mineralization within the CNWE. The ongoing drill program will shortly be expanded to three rigs. Assay results are pending.Highlights Reported TodayFirst angled drill program across Cabaçal mine results in an increase in local metal content;Angled drill test line averages 31% superior metal content to BP's vertical drilling;Highest grade gold zone defined 4.0m @ 9.6g/t AuEq (CD-228) from 56.0m;Gold over-print intersected within old workings, with scope for more upside;Future infill angled drill program across Cabaçal mine to be greatly expanded;Meridian unlocks the near surface copper-gold mineralization at Cabaçal;61.3m @ 1.2g/t AuEq[2] (CD-228) from 10.8m; including15.6m @ 3.0g/t AuEq from 51.5m;56.7m @ 0.9g/t AuEq (CD-230) from 15.1m; including18.5m @ 2.0g/t AuEq from 44.7mShallow zones cutting historically unsampled areas confirmed as mineralized;CNWE infill program changes open-pit's waste zones into strong copper-gold upside;15.1m @ 1.5% Cu, 0.4g/t Au and 1.8g/t Ag (CD-248) from 44.7m;Latest up-dip copper-gold extensions are external to Cabaçal's resource model;Results point to likely reduction in the mining strip ratio;Geophysics on Southern Copper Zone firming up next phase of drilling around CD-240[3]; andResource upgrade on track for late 2023.Dr. Adrian McArthur, CEO, comments: \"The strong near surface results reported today highlight the additional ...