Meridian Mining Reports High-Grade Gold Interception at Cabaçal

Meridian Mining UK S, trading on multiple exchanges including TSX and Frankfurt, has shared significant results from a recent drilling program at its Cabaçal copper-gold-silver project in Mato Grosso, Brazil. The CD-470 drill hole emerged as the highlight, revealing a high-grade mineralization section of 16.0 meters grading at 12.5g/t AuEq, accompanied by a particularly rich band of 6.4 meters at 30.6g/t AuEq from a depth of 53.3 meters. This zone, characterized by visible gold, is part of the mine’s Southern Copper Zone.

The ongoing Pre-Feasibility Study (PFS) infill drill program at Cabaçal is proving the persistence of high-grade mineralization below old mining sites, potentially boosting resource conversion and enhancing project viability. The comprehensive drilling strategy aims not only to supplement existing data but also to incorporate previously unassayed results from the property’s extensive drill history.

Today’s robust results have strengthened the resource depth at Cabaçal, with Meridian CEO Gilbert Clark emphasizing the potential to leverage rising metal prices. The ongoing assessments and resultant data refinement continue to outline the deposit’s capacity to provide significant shareholder value amidst the current economic landscape influenced by commodity prices.