Meridian Mining UK Societas Enhances Cabacal Project with New Drilling and Exploration Licenses
- Meridian Mining UK Societas reports significant drilling results at Cabacal, showing robust copper zones for the pre-feasibility study.
- The company has secured two new exploration licenses, expanding its portfolio by 14,933 hectares, including the Alvorada target.
- Ongoing drilling and metallurgical studies demonstrate Meridian's commitment to maximizing the Cabacal project's potential in South America.
Meridian Mining UK Societas Expands Potential at Cabacal Project
Meridian Mining UK Societas announces promising developments at its Cabacal Au-Cu-Ag VMS project, showcasing significant progress in its ongoing drilling campaign. Recent results from drill hole CD-702 reveal 28.6 meters at 3.5 g/t AuEq (2.6% CuEq) from a depth of 127.6 meters, suggesting more robust copper zones than previously anticipated. This finding is particularly encouraging as it contributes to the grade continuity essential for the project's pre-feasibility study (PFS) open-pit model. The ongoing drilling program, nearing completion, aims to refine grade and density modeling, positioning Meridian to enhance the project's overall valuation.
In addition to the drilling results, Meridian Mining has successfully secured two new exploration licenses that expand its exploration portfolio by 14,933 hectares. This expansion includes the promising Alvorada target, which has already shown potential with a peak copper-in-stream geochemical value of 164 ppm Cu. These new licenses not only broaden Meridian's footprint in the region but also provide additional avenues for exploration that could yield further mineral discoveries. The company remains focused on ensuring the Cabacal project fulfills its potential as a leading gold-copper VMS belt in South America.
Meridian’s ongoing drilling efforts also target critical areas for the first five years of production, while additional reconnaissance drilling is planned for the Cigarra and Santa Fe regions. Recent results from drill hole CD-615 at the Chiquito discovery confirm continuity in down-dip mineralization, returning 15.0 meters at 1.3 g/t AuEq. In parallel, Meridian advances metallurgical studies for the Definitive Feasibility Study (DFS) phase, having shipped representative diamond core samples to SGS Canada for analysis. These activities underscore the company's commitment to unlocking the full potential of the Cabacal project.
In other developments, Meridian Mining continues to emphasize the significance of its exploration initiatives in enhancing its resource base. The strategic focus on both drill results and new exploration targets aligns with the company’s long-term vision of establishing a robust mining operation in South America, further solidifying its position within the competitive VMS sector. With these promising results and expansions, Meridian is well-positioned to leverage its exploration efforts into tangible progress in the coming months.