Meridian Mining Uk Societas Stock Price, News & Analysis

Meridian Mining UK S (OTCQB: MRRDF) has announced new assay results from the Cabaçal gold-copper VMS deposit, revealing significant high-grade gold and copper trends. Highlights include:

• 13m @ 3.4 g/t Au and 0.9% Cu
• 8.8m @ 4.8 g/t Au
• Peak gold interval of 70.1 g/t Au

This drilling confirms shallow high-grade trends and indicates potential for future resource estimates. The updated resource is scheduled for Q2 2023, with ongoing exploration targeting broader mineralization.

Meridian Mining UK S has announced its maiden Mineral Resource estimate for the Cabaçal copper-gold-silver VMS Deposit in Mato Grosso, Brazil. The estimate includes Indicated Resources of 52.9 Mt @ 0.6g/t Au, 0.3% Cu, and 1.4g/t Ag, translating to 1.1 million ounces of gold. Additionally, Inferred Resources stand at 10.3Mt @ 0.7g/t Au. The deposit extends over 1.9km and features a high-grade zone. Ongoing drilling shows promise with strong mineralization and ongoing assessments for resource expansion.

Meridian Mining UK S (OTCQB: MRRDF) announced significant updates from its Cabaçal Mine Corridor exploration program, revealing a geophysical anomaly linking the C4-A gold-silver discovery to the Cabaçal copper-gold deposit, extending 1.8 km northwest. The recent Gradient Array Induced Polarization survey identified multiple charging responses, paving the way for upcoming drill programs. The company also delineated a new 6.5 km long copper-gold-silver C2 Trend, enhancing the exploration strategy. A maiden resource statement for Cabaçal is on track for late Q3 2022.

Meridian Mining UK S (OTCQB: MRRDF) has submitted its database on the Cabaçal copper-gold VMS deposit to H&S Consultants for a maiden resource estimate, anticipated by Q3 2022. This estimate incorporates data from 869 diamond drill holes, totaling 91,956 meters and 58,428 assays, and will help in engineering and financial studies. The company plans further drilling in 2023, targeting open zones of mineralization and near-mine targets. Positive metallurgical tests indicate potentially high recovery rates, which bodes well for the resource estimate.

Meridian Mining UK S has announced promising preliminary metallurgical results from its Cabaçal copper-gold project. The tests yielded a high-grade 29% copper concentrate with excellent recoveries of 94% for copper and 87% for gold. These figures significantly surpass historical resource assumptions, indicating strong open-pit potential. The metallurgical program is ongoing, aiming to validate high recoveries from the project's extensive mineralization. Meridian's results suggest efficiency in production methods and an environmentally friendly approach, which may enhance investor interest.

Meridian Mining UK S (OTCQB:MRRDF) announced that all outstanding warrants from a private placement completed on July 15, 2020, have been exercised, raising CAD 5.2 million. The exercise price was CAD 0.11 per share, prior to the July 15, 2022 expiry. Mr. Gilbert Clark, Executive Chairman, expressed gratitude to shareholders, stating the funds will enhance the company's balance sheet and support the Cabaçal copper-gold VMS project. Meridian currently has 181,186,656 shares issued and outstanding.

Meridian Mining reports significant high-grade gold and copper-gold discoveries at the Cabaçal project in Brazil. Highlights include:

• High-grade vein CD-147 assayed 2.3m @ 16.7g/t Au.
• C4-A gold-silver discovery extended by 50m, returning 10.7m @ 1.8g/t Au and 33.7g/t Ag.
• Broad mineralization includes 54.2m @ 0.9% CuEq in CD-147.
• Ongoing drilling aims to define resources further, with results anticipated in September.

CEO Dr. Adrian McArthur expressed confidence in delineating further veins and increasing the project's tonnage potential.

Meridian Mining UK S (OTCQB: MRRDF) held its Annual and Special General Meeting on June 28, 2022, with 65,594,148 shares voted, representing 38.88% of issued shares. Shareholders approved all items, including the election of six directors: Adrian McArthur, Gilbert Clark, Charles Riopel, John Skinner, Susanne Sesselmann, and Mark Thompson. Key approvals included KPMG LLP as auditors and the Company's UK 2021 Annual Accounts. The Board re-appointed Mr. Clark as Executive Chairman and Dr. McArthur as President and CEO. For more details, visit SEDAR.