Significant Upside Unlocked in High Grade Gold Trend at Cabaçal Northwest Extension
Meridian Mining UK S (TSX-V: MNO) (Frankfurt: 2MM) (OTCQB: MRRDF) is pleased to report a significant high grade gold intercept from the Cabaçal Northwest Extension. CNWE is part of the Cabaçal Copper-Gold Project in Mato Grosso, Brazil. CD-049 intercepted a high-grade gold structure that returned 26.7m @ 21.5g/t Au from 66m (Figure 1). CD-049 extends the strike of the high grade gold intercepts to 150m, being a 100m step out from CD-0461, that intercepted a high-grade gold zone of 11.7m @ 5.7 g/t Au including 0.3 @ 183.4 g/t Au, and a 150m step out from BP Minerals diamond drill hole JUSPD216 that reported2 3.2m @ 237.7g/t Au, including 0.45m @ 1672.1 g/t Au. These high grade gold intercepts, open to the Northwest and Southeast, are part of the open “750m gold in soil anomaly” that trends Northwest. These significant results also support the possibility that to the Northeast and to the Southwest of the CNWE’s trending high grade gold zone (Figure 2), parallel repeat high grade gold structures may exist as they did in the Cabaçal gold mine. The Company considers these parallel areas to be open and highly prospective and will be the focus of follow up exploration work.
Highlights of today’s update:
“CD-049’s 26.7m @ 21.5 g/t Au is an outstanding high grade gold result from the Cabaçal Northwest Extension delivered by Meridian’s team in Brazil”, commented Dr Adrian McArthur, CEO and President. “This 100m “along strike step-out” from CD-046’s intersection of 11.7m @ 5.7 g/t Au, itself a 50m “along strike step-out” from JUSPD216’s 3.2m @ 237.7g/t Au is defining a high-grade gold trend within the Cabaçal Northwest Extension that remains open. This is a major turning point for the project and the Company. My congratulations to the exploration and administrative team, and thanks to our supportive investors in achieving this result today”.
|1 See Meridian news release dated September 02, 2021|
|2 Historical analytical methods summarised in the Note section below|
|3 Sample CBDS06013: 2.0% Cu over 0.65m from 59.7m, CBDS06049: 19.1g/t Ag over 0.65m from 87.35m.|
Figure 1:CD-049 intersection overview in cross-section looking Northwest. Bottom: Cross section looking Northwest – detail of CD-049; hole trace coloured by gold grade, with Au (g/t) labelled to the left, and Cu (%), Ag (g/t) and Zn (%) labelled to the right.
Cabaçal 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 Cabaçal 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 BP Minerals.
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 Cabaçal mine. Meridian’s drilling program in areas extending from the Cabaçal mine, has purposefully drilled angled holes to intersect these high grade gold structures; resulting in today’s result.
Figure 2. Location of the CD-049 intersection, in relation to previous results from CD-046 and historical drilling in the CNWE.
Dr. Adrian McArthur, B.Sc. Hons, PhD. FAusIMM., CEO and President of Meridian Mining as well as a Qualified Person as defined by National Instrument 43-101, has supervised the preparation of the technical information in this news release.
Meridian Mining UK S is focused on the acquisition, exploration, and development activities in Brazil. The Company is currently focused on resource development of the Cabaçal VMS Copper-Gold project, exploration in the Jaurú & Araputanga Greenstone belts located in the state of Mato Grosso; exploring the Espigão polymetallic project and the Mirante da Serra manganese project in the State of Rondônia Brazil.
Figure 1:CD-049 intersection overview in cross-section looking Northwest. Bottom: Cross section looking Northwest – detail of CD-049; hole trace coloured by gold grade, with Au (g/t) labelled to the left, and Cu (%), Ag (g/t) and Zn (%) labelled to the right. (CNW Group/Meridian Mining S.E.)
Figure 2. Location of the CD-049 intersection, in relation to previous results from CD-046 and historical drilling in the CNWE. (CNW Group/Meridian Mining S.E.)
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