Meridian Mining Uk Societas Stock Price, News & Analysis

Meridian Mining reports significant drilling results from its Cabaçal Cu-Au-Ag project in Mato Grosso, Brazil. The company identified multiple stacked zones of high-grade mineralization, highlighted by intersections including CD-544: 38.2m @ 3.2g/t AuEq or 2.1% CuEq, CD-595: 12.4m @ 3.3g/t AuEq or 2.2% CuEq, and CD-571: 22.2m @ 1.7 g/t AuEq.

The drilling program revealed 20+ intercepts exceeding 10-gram meters gold equivalent, with results showing both VMS Cu-Au-Ag horizons and gold overprint. The program has improved definition of high-grade trends and confirmed stacked zones of mineralization, particularly in areas where historical drilling was incomplete or partially sampled.

Meridian Mining UK. S (TSX:MNO, OTCQX:MRRDF) has reported high-grade assay results from its Santa Helena Au-Cu-Ag & Zn VMS deposit in Brazil. Key highlights include:

- CD-574: 15.9m @ 3.9g/t AuEq / 2.6% CuEq from 58.2m, including 5.5m @ 9.0g/t AuEq / 6.0% CuEq from 60.1m
- CD-556: 22.4m @ 3.2g/t AuEq / 2.2% CuEq from 9.2m, including 5.5m @ 7.8g/t AuEq / 5.2% CuEq from 21.3m

The results extend and infill Santa Helena's high-grade continuous mineralization and will be included in the pending resource estimate in Q4 2024. Geophysical programs have also identified potential targets for blind extensions to the main mineralized trend.

The company's CEO, Gilbert Clark, stated that these results confirm the over 1.0km continuity of the host sulphide mineralization and its potential to convert into their next high-grade open pitable deposit.

Meridian Mining UK S (TSX:MNO, OTCQX:MRRDF) reports strong results from its Cabaçal Cu-Au-Ag project. Highlights include:

- CD-535: 21.6m @ 3.1g/t AuEq / 2.1% CuEq from 85.0m
- CD-534: 25.9m @ 1.4g/t AuEq / 0.9% CuEq from 80.8m
- CD-529: 16.1m @ 2.8g/t AuEq / 1.9% CuEq from 92.1m

The company has identified multiple structural inflexions along the 2km strike length of the deposit, where most Cu-Au-Ag mineralization is found. New targets for potential Cu-Au mineralization repeats have been identified along the 10km Mine Corridor. Meridian's understanding of local mineralization control has allowed them to target and rank the belt's exploration upside.

Meridian Mining reports strong Au-Cu-Ag mineralization at its Cabaçal project, including 13.4m @ 4.6g/t AuEq from 73.8m in hole CD-492. The company has largely completed PFS geotechnical drilling for mine and mill infrastructure engineering. Drilling continues at Santa Helena, with a new borehole geophysics program commenced. Meridian has also started a mine-corridor exploration program to test multiple Cu-Au targets along the 50km Cabaçal VMS belt.

Key highlights include:

• CD-492: 35.4m @ 2.2g/t AuEq from 51.8m, including 13.4m @ 4.6g/t AuEq from 73.8m
• CD-493: 6.9m @ 2.0g/t AuEq from 106.5m, including a 51cm zone with visible gold grading 17.0g/t AuEq
• CD-498: 8.2m @ 1.7g/t AuEq from 45.9m

The company is advancing towards a mining decision at Cabaçal, with ongoing PFS studies and exploration efforts to expand the project's potential.

Meridian Mining announces the successful completion of its 500th drill hole at Santa Helena, delivering 14.3m @ 3.7 g/t AuEq. Significant results include CD-500: 14.3m @ 3.7 g/t AuEq from 49.0m with a higher grade 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 from 37.3m.

At the Cabaçal mine area, drill results 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. The Cabaçal Preliminary Feasibility Study's (PFS) drill program has been completed and the project moves into the detailed engineering phase, with reporting expected early Q1 2025.

CEO Gilbert Clark highlights the advancement of Brazil's large VMS belt as Meridian aims to become a leading copper-gold-silver producer. Continued exploration at Santa Helena and Cabaçal with more results pending reinforces the potential of these projects.

Meridian Mining provided an update on drilling activities at its Cabaçal and Santa Helena mines in Brazil. Recent results at Santa Helena include a significant interval of 5.0m @ 4.0g/t AuEq from 24.1m. Environmental and metallurgical studies for open-pit development have commenced. Infill drilling at Cabaçal has identified extensions of near-surface Cu-Au-Ag mineralization, highlighted by a 10.1m @ 2.1g/t AuEq from 9.4m interval. Over 50,000 meters of drilling have been completed at Cabaçal, adding to the project’s extensive database. The company continues to advance its hub-and-spoke development strategy for the Cabaçal VMS belt, aiming to produce clean copper and high-grade gold and silver concentrates.

Meridian Mining UK announced the results of its Annual and Special Meeting of Shareholders held on June 4, 2024. A total of 109,396,416 common shares were voted, representing 36.45% of the issued and outstanding shares. Shareholders voted in favor of all proposed items, including the re-election of directors and the appointment of auditors. Directors elected include Bruce McLeod, Gilbert Clark, Adrian McArthur, Susanne Sesselmann, John Skinner, Douglas Ford, and Neil Gregson, with the majority receiving over 99% of votes in favor. Additional approvals included the re-appointment of KPMG LLP and PKF Littlejohn LLP as auditors in Canada and the UK respectively, and the authorization for the Board to issue shares and disapply pre-emptive rights. No other business was addressed at the meeting.

Meridian Mining UK has identified a 7km copper stream anomaly at its Jauru Project in Mato Grosso, Brazil. The anomaly shows significant copper and gold geochemical values, comparable to their advanced Cabaçal project. Jauru's historical data, initially collected by BP Minerals in the 1980s, reveal promising exploration prospects, further supported by regional geophysical similarities to Cabaçal. The company aims to leverage these findings to become a leading copper-gold producer, with additional resource growth from Santa Helena and other near-mine prospects. Future plans include extensive geochemical surveys, geological mapping, and drilling prioritized anomalies.

Meridian Mining UK S reports high-grade mineralization at the Cabaçal copper-gold-silver VMS project in Brazil. Drill hole CD-470 yielded 16.0m @ 12.5g/t AuEq, including 6.4m @ 30.6g/t AuEq with visible gold. Results support resource conversion and indicate potential for optimized copper recoveries. Ongoing program aims to uncover missed high-grade zones. Company CEO optimistic about the project's value for shareholders.