Meridian Mining Reports High-Grade Intercepts at Cabaçal Project

Meridian Mining SE announced significant drilling results from its Cabaçal Cu-Au-Ag project. Key intercepts include CD-639 with 20.9 meters at 6.5g/t AuEq from a depth of 95.3 meters, showcasing high-grade mineralization at shallow depths, particularly within the Eastern and Central Copper Zones. Another notable result from CD-636 highlighted 26.6 meters at 2.6g/t AuEq, suggesting robust extensions of mineralized layers.

The company continues its exploration with infill drillings to provide confidence for a potential starter pit. CEO Gilbert Clark emphasized the role of an updated geological model in these successful results, as the company focuses on completing Prefeasibility Studies (PFS) at Cabaçal.

With recent capital raising, Meridian is advancing its resource development, with plans to explore the surrounding geological belt in 2025. Further drilling and studies are anticipated to enhance the project's economic assessments and viability.