- Merida Minerals Holdings (ESPN) has announced results of the re-assaying of historical core samples from its Las Herrerais property in Spain
- The historical drilling was first carried out by IGME between 1984 and 1987
- Portions of this historic core were sampled by IGME at the request of Merida and subsequently re-assayed by ALS Laboratory Group SL in Spain
- Copper grades range between 0.717 per cent to 4.9 per cent and average 1.6 per cent, while Zinc grades range from 0.2 per cent to 30 per cent and average 11 per cent
- Merida Minerals Inc is a mineral exploration company focused on mining opportunities in Spain
- Merida Minerals Holdings Inc. (ESPN) opened trading at C$0.125 per share
Merida Minerals Holdings (ESPN) has announced results of the re-assaying of historical core samples from its Las Herrerais property in Spain.
The historical drilling was first carried out by IGME, which drilled 1,732.90 metres between 1984 and 1987. The property was later acquired by Outukumpu, who carried out a drilling program between 1999 to 2001 of 4,86.75 meters.
Portions of this historic core were sampled by IGME at the request of Merida. The samples were subsequently re-assayed by ALS Laboratory Group SL in Spain.
Norman Brewster, Chief Executive Officer of Merida, commented on the assay results.
“We are extremely pleased with the results from the assays. They confirm our original thoughts and thesis when looking to acquire our first property in Spain. Firstly, that the grades for zinc and copper were excellent when carried out by IGME and Outukumpu, and Secondly, that with advances in technology over the last 20 years, the exploration potential may be greater than initially thought. Both are believed to be the case here.”
Copper grades range between 0.717 per cent to 4.9 per cent and average 1.6 per cent; while Zinc grades range from 0.2 per cent to 30 per cent and average 11 per cent. This demonstrates the potential of the property, based on historic work carried out by IGME and Outukumpu alone, and we are optimistic that this is just the beginning of what the property holds and we look forward to initiating and continuing the previous drilling program. As well there are other targets that we have determined to be of high value, which may prove to be extensions of mineralization to the North and West. This very much fits in line with our initial plans to create a new copper zinc producer in Spain. We look forward to initiating our 2022 and 2023 work programs, in line with the 3 year plan we have presented to the mining authorities in Extremadura,” commented Mr. Brewster.
Merida Minerals Inc is a mineral exploration company focused on mining opportunities in Spain.
Merida Minerals Holdings Inc. (ESPN) opened trading at C$0.125 per share.
