Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Meridian Mining UK Societas (TSXV:MNO) has made new gold-silver-copper discoveries at the Cabaçal Mine Corridor
  • Surveys have extended the potential of the C4-A gold-silver discovery southeast
  • Also defined is a new priority copper target at C2-A East
  • Three surface drill rigs and four drill crews are currently confirming, infilling, and expanding the extensive near-surface copper-gold mineralization of the Cabaçal Mine
  • Meridian Mining UK Societas (MNO) is down 3.64 per cent and is trading at $0.53 per share as of 2:25 p.m. ET

Meridian Mining UK Societas (TSXV:MNO) has made new gold-silver-copper discoveries at the Cabaçal Mine Corridor.

The company stated the latest results from surveys have extended the potential of the C4-A gold-silver discovery to the southeast. Meridian has also defined a new priority copper target at C2-A East.

The company’s next phase of work will be to focus on the untested northwest trend back towards Cabaçal Mine.

Three surface drill rigs and four drill crews are currently confirming, infilling, and expanding the extensive near-surface copper-gold mineralization of the Cabaçal Mine. Further results are pending.

Meridian is continuing to delineate additional upside potential for the new C4A gold-silver discovery and with the latest priority target. The next phase of drilling will focus on extending and infilling at the Cabaçal Mine, as well as more delineation drilling within the largely untested mine corridor.

“Our team has shown great ability and initiative in discovering new anomalies beyond those outlined by BP Mineral’s original 1980’s campaign… our investors have exposure to probably the most exciting, emerging metallogenic belt in South America and more importantly it is located in Brazil, where new copper and gold mines are frequently being, permitted, built, and entering sustainable production,” Dr. Adrian McArthur, CEO and President of Meridian, said.

Meridian Mining UK Societas (MNO) is down 3.64 per cent and is trading at $0.53 per share as of 2:25 p.m. ET.

More From The Market Herald
The Market Herald Video

" Mandalay Resources (TSX:MND) announces Q2 financial results

Mandalay (MND) announced its financial results for the quarter ended June 30, 2022.
First Mining - CFO, Andrew Marshall

" Pan Global Resources (TSXV:PGZ) taps Andrew Marshall as new Chief Financial Officer

Pan Global Resources (PGZ) has appointed Andrew Marshall as Chief Financial Officer.
Monarch Mining - CEO, Jean Marc Lacoste.

" Monarch (TSX:GBAR) announces MRE for Croinor Gold Deposit

Monarch (GBAR) has unveiled its mineral resource estimate (MRE) for its Croinor Gold Deposit in Quebec.

" Britannia Mining Solutions (CSE:BLAB) to deploy 10 additional Chrysos PhotonAssay units

Britannia Life Sciences (BLAB) has signed purchase agreements with Chrysos Corporation Limited.