The Santa Helena zinc & copper-gold-silver resource confirmation program to be launched and.Meridian to continue reporting drilling and exploration results through into 2023.ĭr Adrian McArthur, CEO and President comments: "The delivery of Cabaçal's database to H&SC, represents a significant milestone in the Company's activities since drilling first began in March 2021.Over the last eighteen months Meridian has reported results confirming and expanding the exciting opportunity that the Cabaçal deposit first presented, and today remains highly focused on its future development. Following the publication of the maiden resource, Meridian intends to advance towards the studies required to quantify the open-pit and economic potential of the Cabaçal deposit, while continuing to deliver new drill results from Cabaçal, the C4-A gold-silver discovery and from the confirmation and expansion drilling of the Santa Helena zinc & copper-gold-silver mine in the weeks and months to come. Meridian sees strong long-term copper and gold fundamentals and believes that it is well positioned to benefit as it works to become the next mid-tier copper-gold focused company. I would like to congratulate the Meridian team on the successful and safe execution of the first drilling campaign, and look forward to further positive results from Cabaçal and the broader belt."ĬABAÇAL'S DATABASE DELIVERED TO H&S CONSULTANTS FOR MAIDEN RESOURCE ESTIMATE. Meridian commenced its drilling campaign on March 15, 2021, with two rigs contracted from Willemita Sondagens. The initial scope of the program was to execute a 10,000m drill program to validate the historical drilling in the Cabaçal Mine area.
The Company quickly added a third rig as the scale of the opportunity became apparent, and expanded the program in response to significant extensions of mineralization located along strike from the historical mine workings, which continues to be delineated. To date, Meridian has completed 184 holes (22,890m) of drilling (Figure 1).
At the cut-off date for data to be included in the maiden resource database, assays, and geological results from 161 CD-series holes have been delivered.
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