Meridian Mining drills 12.7% CuEq at 19.0g/t AuEq
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(Kitco News) -Meridian Mining (TSX: MNO) announced today that its drill hole CD‐240 had intersected a wide high‐grade copper zone that grades 34.5m @ 5.3% CuEq1 / 7.9g/t AuEq (4.0% Cu, 1.7g/t Au & 22.4g/t Ag) with the core of the high‐grade feeder zone returning 12.8m @ 12.7% CuEq / 19.0g/t AuEq (9.7% Cu, 4.0g/t Au & 55.8g/t Ag).
Meridian was up 20% to 56 cents a share.
"The highest‐grade VMS results reported today from CD‐240's copper‐gold feeder zone highlight the tremendous upside that Cabaçal continues to offer," said Dr. Adrian McArthur. "This trend has the potential to enhance the existing resource base and extends below the current open pit design. The targeting of this open mineralization in the Southern Copper Zone ("SCZ") is part of the ongoing drill program. We expect these results to deliver a positive contribution to the next phase of economic studies. Our technical team continues to analyse the historical data which led directly to these significant results in the high‐grade SCZ's extensions."
Meridian Mining UK S is focused on the development and exploration of the advanced staged Cabaçal VMS gold‐copper project, the regional scale exploration of the Cabaçal VMS belt, the exploration in the Jaurú & Araputanga Greenstone belts all located in the State of Mato Grosso, Brazil and exploring the Espigão polymetallic project in the State of Rondônia, Brazil.