MERIDIAN MINING UK SOCIETAS
CNWE is part of the
Cabacal Northwest Extension
The CNWE is a 750m corridor of Cu and Au in soil anomaly associated with a prominent Northwest-trending strike ridge extending along the trend of the Cabacal mine workings. The areas to the Northwest, Northeast, Southeast and Southwest of this high-grade gold trend and associated gold soil anomaly were sparsely covered by previous drilling, with a broad 100m reconnaissance pattern that was never infilled by resource definition drilling by
The vertical drill holes were designed to cut the shallow-dipping VMS Cu-Au-Ag stratigraphy at a high angle. These holes are now known to be poorly suited to intersect the high grade subvertical gold structures that were formerly mined, and that extend out from the Cabacal mine. Meridian's drilling program in areas extending from the Cabacal mine, has purposefully drilled angled holes to intersect these high grade gold structures; resulting in today's result.
Notes
Holes have been drilled HQ through the saprolite and upper bedrock and reduced to NQ - mineralized intervals represent half NQ drill core. Samples have been analysed at the accredited SGS laboratory in
Samples for historical Cabacal drill programs were analysed by for gold by 50g Fire Assay with AAS finish, copper three-acid-digest and AA finish, and silver by Aqua Regia by AA finish at
ABOUT MERIDIAN
Meridian Mining
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company's plans for exploration, development and exploitation of its properties and potential mineralization. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating risks and hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration, development and exploitation of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
The Company cautions that it has not completed any feasibility studies on any of its mineral properties, and no mineral reserve estimate or mineral resource estimate has been established. Geophysical exploration targets are preliminary in nature and not conclusive evidence of the likelihood of a mineral deposit.
Contact:
Tel: +1 (778) 715-6410
Email: info@meridianmining.net.br
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