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Meridian Reports High-Grade Assay Results & New Geophysical Targets at Santa Helena

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Meridian Mining UK. S (TSX:MNO, OTCQX:MRRDF) has reported high-grade assay results from its Santa Helena Au-Cu-Ag & Zn VMS deposit in Brazil. Key highlights include:

- CD-574: 15.9m @ 3.9g/t AuEq / 2.6% CuEq from 58.2m, including 5.5m @ 9.0g/t AuEq / 6.0% CuEq from 60.1m
- CD-556: 22.4m @ 3.2g/t AuEq / 2.2% CuEq from 9.2m, including 5.5m @ 7.8g/t AuEq / 5.2% CuEq from 21.3m

The results extend and infill Santa Helena's high-grade continuous mineralization and will be included in the pending resource estimate in Q4 2024. Geophysical programs have also identified potential targets for blind extensions to the main mineralized trend.

The company's CEO, Gilbert Clark, stated that these results confirm the over 1.0km continuity of the host sulphide mineralization and its potential to convert into their next high-grade open pitable deposit.

Meridian Mining UK. S (TSX:MNO, OTCQX:MRRDF) ha riportato risultati di analisi ad alta legge dal suo deposito VMS Santa Helena Au-Cu-Ag & Zn in Brasile. I punti salienti includono:

- CD-574: 15.9m @ 3.9g/t AuEq / 2.6% CuEq da 58.2m, inclusi 5.5m @ 9.0g/t AuEq / 6.0% CuEq da 60.1m
- CD-556: 22.4m @ 3.2g/t AuEq / 2.2% CuEq da 9.2m, inclusi 5.5m @ 7.8g/t AuEq / 5.2% CuEq da 21.3m

I risultati estendono e riempiono la mineralizzazione continua ad alta legge di Santa Helena e saranno inclusi nella stima delle risorse in sospeso nel Q4 2024. I programmi geofisici hanno anche identificato potenziali obiettivi per estensioni cieche alla principale tendenza mineralizzata.

Il CEO dell'azienda, Gilbert Clark, ha dichiarato che questi risultati confermano la continuità della mineralizzazione solfidica ospite per oltre 1.0 km e il suo potenziale per essere convertita nel prossimo deposito ad alta legge adatto all'escavazione mediante open pit.

Meridian Mining UK. S (TSX:MNO, OTCQX:MRRDF) ha reportado resultados de análisis de alta ley de su depósito VMS Santa Helena Au-Cu-Ag & Zn en Brasil. Los puntos destacados incluyen:

- CD-574: 15.9m @ 3.9g/t AuEq / 2.6% CuEq desde 58.2m, incluyendo 5.5m @ 9.0g/t AuEq / 6.0% CuEq desde 60.1m
- CD-556: 22.4m @ 3.2g/t AuEq / 2.2% CuEq desde 9.2m, incluyendo 5.5m @ 7.8g/t AuEq / 5.2% CuEq desde 21.3m

Los resultados extienden y rellenan la mineralización continua de alta ley de Santa Helena y serán incluidos en la estimación de recursos pendiente en el Q4 2024. Los programas geofísicos también han identificado objetivos potenciales para extensiones ciegas a la tendencia mineralizada principal.

El CEO de la empresa, Gilbert Clark, declaró que estos resultados confirman la continuidad de la mineralización de sulfuros hospedantes por más de 1.0 km y su potencial para convertirse en su próximo depósito de alta ley adecuado para minería a cielo abierto.

Meridian Mining UK. S (TSX:MNO, OTCQX:MRRDF)는 브라질의 Santa Helena Au-Cu-Ag & Zn VMS 매장에서 고품질 분석 결과를 보고했습니다. 주요 하이라이트는 다음과 같습니다:

- CD-574: 58.2m에서 15.9m @ 3.9g/t AuEq / 2.6% CuEq, 60.1m에서 5.5m @ 9.0g/t AuEq / 6.0% CuEq 포함
- CD-556: 9.2m에서 22.4m @ 3.2g/t AuEq / 2.2% CuEq, 21.3m에서 5.5m @ 7.8g/t AuEq / 5.2% CuEq 포함

결과는 Santa Helena의 고품질 지속적인 광물화를 확장 및 보완하며, 2024년 4분기에 예정된 자원 추정치에 포함될 것입니다. 지구물리학 프로그램은 또한 주요 광물화 경향에 대한 맹목적인 확장 잠재적 목표를 식별했습니다.

회사의 CEO인 길버트 클락(Gilbert Clark)은 이 결과가 호스트 황화물 광물화의 1.0km 이상의 연속성을 확인하고, 이를 통해 다음의 고품질 오픈핏 채굴 가능성을 갖춘 매장으로 전환할 수 있는 잠재력을 가지고 있다고 말했습니다.

Meridian Mining UK. S (TSX:MNO, OTCQX:MRRDF) a rapporté des résultats d'analyse de haute qualité de son gisement VMS Santa Helena Au-Cu-Ag & Zn au Brésil. Les points clés incluent :

- CD-574 : 15.9m @ 3.9g/t AuEq / 2.6% CuEq à partir de 58.2m, incluant 5.5m @ 9.0g/t AuEq / 6.0% CuEq à partir de 60.1m
- CD-556 : 22.4m @ 3.2g/t AuEq / 2.2% CuEq à partir de 9.2m, incluant 5.5m @ 7.8g/t AuEq / 5.2% CuEq à partir de 21.3m

Les résultats prolongent et complètent la minéralisation continue de haute qualité de Santa Helena et seront inclus dans l'estimation des ressources en attente pour le Q4 2024. Des programmes géophysiques ont également identifié des cibles potentielles pour des extensions invisibles de la tendance minéralisée principale.

Le PDG de l'entreprise, Gilbert Clark, a déclaré que ces résultats confirment la continuité de plus de 1.0 km de la minéralisation sulfureuse hôte et son potentiel à être convertie en leur prochain gisement ouvert de haute qualité.

Meridian Mining UK. S (TSX:MNO, OTCQX:MRRDF) hat Ergebnisse von Hochgradanalysen aus seinem Santa Helena Au-Cu-Ag & Zn VMS-Vorkommen in Brasilien gemeldet. Die wichtigsten Höhepunkte sind:

- CD-574: 15.9m @ 3.9g/t AuEq / 2.6% CuEq aus 58.2m, einschließlich 5.5m @ 9.0g/t AuEq / 6.0% CuEq aus 60.1m
- CD-556: 22.4m @ 3.2g/t AuEq / 2.2% CuEq aus 9.2m, einschließlich 5.5m @ 7.8g/t AuEq / 5.2% CuEq aus 21.3m

Die Ergebnisse erweitern und ergänzen die hochgradige kontinuierliche Mineralisierung von Santa Helena und werden in die ausstehende Ressourcenschätzung im Q4 2024 einfließen. Geophysikalische Programme haben auch potenzielle Ziele für blinde Extensions zur Hauptmineralisierungstrend identifiziert.

Der CEO des Unternehmens, Gilbert Clark, erklärte, dass diese Ergebnisse die über 1.0 km lange Kontinuität der Wirtsulfidmineralisierung bestätigen und ihr Potenzial zur Umwandlung in deren nächstes hochgradiges, aufgeschlossenes Abbaugebiet aufzeigen.

Positive
  • High-grade assay results from Santa Helena deposit, including 15.9m @ 3.9g/t AuEq / 2.6% CuEq from 58.2m
  • Results extend and infill high-grade continuous mineralization
  • Pending resource estimate scheduled for Q4 2024
  • Geophysical programs identified potential targets for blind extensions
  • Confirmation of over 1.0km continuity of host sulphide mineralization
  • Potential for conversion into high-grade open pitable deposit
Negative
  • None.

CD-574 returns high-grade core of 5.5m @ 9.0g/t AuEq / 6.0% CuEq from 60.1m; contained within wider intersection of 15.9m @ 3.9g/t AuEq / 2.6% CuEq from 58.2m

LONDON, UK / ACCESSWIRE / September 23, 2024 / Meridian Mining UK. S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce several of the strongest results to date from its Santa Helena Au-Cu-Ag & Zn VMS deposit ("Santa Helena"), part of the greater Au-Cu Cabaçal Project ("Cabaçal"), in the state of Mato Grosso, Brazil. High-grade highlights include CD-574, returning 15.9m @ 3.9g/t AuEq / 2.6% CuEq from 58.2m and CD-556: 22.4m @ 3.2g/t AuEq / 2.2% CuEq from 9.2m, amongst many strong near-surface intersections ("Figure 1"). These results ("Table 1") both extend and infill Santa Helena's high-grade continuous mineralization and will be included in the pending resource estimate in Q4 2024. Meridian is also reporting that the results of multiple geophysical programs have been combined to map Santa Helena's massive sulphides and to identify potential targets for blind extensions to its main mineralized trend. Further assays are pending.

Highlights Reported Today

  • Meridian's Santa Helena drill program reports continued high-grade Au-Cu-Ag & Zn mineralization;

  • Meridian intercepts more shallow high-grade Au-Cu-Ag & Zn mineralization at Santa Helena;

    • CD-574: 15.9m @ 3.9g/t AuEq / 2.6% CuEq from 58.2m; Including:

      • 5.5m @ 9.0g/t AuEq / 6.0% CuEq from 60.1m;

    • CD-556: 22.4m @ 3.2g/t AuEq / 2.2% CuEq from 9.2m; Including:

      • 5.5m @ 7.8g/t AuEq / 5.2% CuEq from 21.3m ;

    • CD-512: 7.7m @ 4.9g/t AuEq / 3.3% CuEq from 61.1m; Including:

      • 4.0m @ 8.9g/t AuEq / 6.0% CuEq from 61.6m;

    • CD-549: 11.3m @ 3.1g/t AuEq / 2.1% CuEq from 43.4m; Including:

      • 5.4m @ 5.7g/t AuEq / 3.8% CuEq from 43.4m;

    • CD-548: 3.5m @ 10.0g/t AuEq / 6.7% CuEq from 47.6m;

    • CD-568: 4.8m @ 7.6g/t AuEq / 5.1% CuEq from 48.0m;

  • Santa Helena's geophysical program has outlined near-mine open upside to test; and

    • Open targets to test for potential massive sulphide extensions defined by Mise-à-la-Masse, new BHEM tool, and surface surveys.

See technical note for true thickness estimate and separate AuEq and CuEq equations.

Mr. Gilbert Clark, CEO, comments: "This strong flow of high-grade gold, copper, silver and zinc assays from shallow depths at Santa Helena, confirms the over 1.0km continuity of the host sulphide mineralization, as does its potential to convert into our next high-grade open pitable deposit. I'm pleased with Santa Helena's advance with the resource estimate scheduled for the fourth quarter, while the ongoing mining and engineering studies are placing it into our Hub and Spoke development pipeline. The tailored geophysical programs over Santa Helena have outlined some new, near-mine extensional targets and also provided a set of targeting parameters to explore the greater belt for similar but "blind" massive sulphide mineralization, allowing us to more accurately target Cabaçal's upside."

Santa Helena Drill Results

Santa Helena's drilling has delivered a steady flow of gold, copper, silver zinc and some lead mineralization, consolidating the footprint of the deposit's western, central and eastern sectors. The geometry, depth, continuity and robust grades of the mineralization to date indicate that Santa Helena's potential to host open pitable resources continues to be maintained. Drilling remains in progress to characterize the western limit of the deposit, where CD-574 returned 15.9m @3.9g/t AuEq / 2.6% CuEq from 58.2m, including a higher-grade core of 5.5m @ 9.0g/t AuEq / 6.0% CuEq from 60.1m.

Figure 1: Santa Helena drill results reported today and previous highlights.

Drilling was also directed further to the west, where lower angle oblique holes are necessary due to access constraints. CD-539 returned 40.4m @ 1.8g/t AuEq / 1.2% CuEq from 16.9m in this position. This is not representative of true width given the angle of drilling, but is considered commensurate with adjacent intersections on the southern flank of the deposit.

Similar important results have been delivered over the shallower up-plunge sector of the deposit to the east, with results from CD-556 highlighting the presence of mineralization at shallow depths, returning 22.4m @ 3.2g/t AuEq / 2.2% CuEq from 9.2m, including 5.5m @ 7.8g/t AuEq / 5.2% CuEq from 21.3m. Drill holes CD-555 and CD-559 were collared as a fan 41m northwest along strike, crossing an area where there was some conflicting information in historical collar positions, and where some historical records had only partial composites from BP Mineral's last phase of historical drilling. CD-555, drilled at a lower-angle to the VMS body, returned multiple intersections including a down-hole zone of 13.1m @ 3.7g/t AuEq / 2.5% CuEq from 29.7m. CD-559 was drilled at an angle more representative of the true with of the mineral horizon, and returned multiple intersections, including: 11.2m @ 1.9g/t AuEq / 1.3% CuEq from 12.0m, including 3.3m @ 4.1g/t AuEq / 2.8% CuEq from 17.8m. The area includes other intersections from angled holes, CD-552, CD-522, CD-568, CD-532 (Figure 1), defining a shallow dipping sheet of near surface mineralization that would appear a good nucleus for a starter pit, subject to ongoing studies.

The eastern sector drilling also includes robust results from the northern synformal fold limb of the deposit, such as CD-549: 11.3m @ 3.1g/t AuEq / 2.1% CuEq from 43.4m, including 5.4m @ 5.7g/t AuEq / 3.8% CuEq from 43.4m, and CD-548: 3.5m @ 10.0g/t AuEq / 6.7% CuEq from 47.6m. This position appears to be disrupted somewhat by faulting migrating to the west, although the new geophysical surveys define a potential target for an offset of this fold-limb position.

Santa Helena Geophysics

Meridian is now deploying a range of bore-hole electromagnetic ("BHEM") and surface geophysical methods to test for possible near-mine sulphide extensions that are positioned beyond the limits of the know massive sulphide pile.

The Geonics probe shows versatility in better mapping the lower conductivity sulphide assemblages, typical of those present along the Cabaçal belt to date. BHEM has advanced in the western sector of the Santa Helena prospect. Modelling of the BHEM plates is resolving conductors of up to 150m strike length with a conductivity thickness of 10 - 52 Siemens, aligning well with the thickened hinge zone of the massive sulphide pile. Higher conductivity plates appear to correlate with intersections with higher copper sulphide content (survey of CD-497, in which individual sample grades peaked between 3.1 - 4.5% Cu). The higher conductivity response is slightly oblique to the main trend with a more northwesterly strike. Potentially this reflects some zonation, with studies ongoing.

CD-574, CD-332 and CD-497 were used as platforms for a Mise-à-la-Masse ("MALM") bore-hole geophysical survey. The MALM survey method maps surface potentials (or voltages) associated with resistivity contrasts linked with geology. Sulphide bodies are particularly amenable to the technique due to their conductivity contrast against more resistive host rocks. The three drill holes were selected at the western limit of the historical mine area (as the presence of historical mining cavities can subdue the natural signal). The survey detected a response over known sulphide mineralization, although unexpectedly a trend emerged projecting to the northwest with an offset peak located ~75m northwest of the CD-574 collar position ("Figure 2"). This outlying trend deflects back and merges again with the known mineralization around the CD-497 position. The anomaly overlaps with the position of fixed loop surface EM conductors. It is possible that a non-sulphide conductivity response may be generated by features such as a weathering trough, but the anomaly has interesting context and some drilling will be directed into this area. A positive supporting feature is that the strike of the more conductive BHEM anomaly projects towards the trend of the MALM anomaly.

Figure 2: MALM and BHEM diagram. The response in a conventional MALM survey naturally weakens radially away from the transmitter, assuming no changes in conductivity. A stronger response detected with increasing distance from the transmitter may be due to higher conductivity.

About Meridian

Meridian Mining is focused on:

  • The development and exploration of the advanced stage Cabaçal VMS gold‐copper project;

  • The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabaçal Hub development strategy;

  • Regional scale exploration of the Cabaçal VMS belt to expand the Cabaçal Hub strategy; and

  • Exploration in the Jaurú & Araputanga Greenstone belts (the above all located in the State of Mato Grosso, Brazil).

The Preliminary Economic Assessment technical report (the "PEA Technical Report") dated March 30, 2023, entitled: "Cabaçal Gold-Copper Project NI 43-101 Technical Report and Preliminary Economic Assessment, Mato Grosso, Brazil" outlines a base case after-tax NPV5 of USD 573 million and 58.4% IRR from a pre-production capital cost of USD 180 million, leading to capital repayment in 10.6 months (assuming metals price scenario of USD 1,650 per ounces of gold, USD 3.59 per pound of copper, and USD 21.35 per ounce of silver). Cabaçal has a low All-in-Sustaining-Cost of USD 671 per ounce gold equivalent for the first five years, driven by high metallurgical recovery, a low life-of-mine strip ratio of 2.1:1, and the low operating cost environment of Brazil.

The Cabaçal Mineral Resource estimate consists of Indicated resources of 52.9 million tonnes at 0.6g/t gold, 0.3% copper and 1.4g/t silver and Inferred resources of 10.3 million tonnes at 0.7g/t gold, 0.2% copper & 1.1g/t silver (at a 0.3 g/t gold equivalent cut-off grade). Santa Helena mine area generated an initial Exploration Target with a tonnage range of 3.2 -7.2 Mt grading between 3.0 - 3.2g/t AuEq*, which gives a potential high-grade metal inventory range of between 306,000 to 763,000 AuEq ounces, located within 10km of the proposed Cabaçal mill site.

Readers are encouraged to read the PEA Technical Report in its entirety. The PEA Technical Report may be found on the Company's website at www.meridianmining.co and under the Company's profile on SEDAR+ at www.sedarplus.ca.

The qualified persons for the PEA Technical Report are: Robert Raponi (P. Eng), Principal Metallurgist with Ausenco Engineering), Scott Elfen (P. E.), Global Lead Geotechnical and Civil Services with Ausenco Engineering), Simon Tear (PGeo, EurGeol), Principal Geological Consultant of H&SC, Marcelo Batelochi, (MAusIMM, CP Geo), Geological Consultant of MB Geologia Ltda, Joseph Keane (Mineral Processing Engineer; P.E), of SGS, and Guilherme Gomides Ferreira (Mine Engineer MAIG) of GE21 Consultoria Mineral.

On behalf of the Board of Directors of Meridian Mining UK S
Mr. Gilbert Clark - CEO and Director
Meridian Mining UK S
Email: info@meridianmining.co
Ph: +1 778 715-6410 (BST)
Stay up to date by subscribing for news alerts here: https://meridianmining.co/contact/
Follow Meridian on Twitter: https://twitter.com/MeridianMining
Further information can be found at: www.meridianmining.co

Technical Notes

Samples have been analysed at ALS laboratory in Lima, Peru. Samples are dried, crushed with 70% passing 85% passing 200µm. Routine gold analyses have been conducted by Au‐AA24 (fire assay of a 50g charge with AAS finish). High‐grade samples (>10g/t Au) are repeated with a gravimetric finish (Au‐GRA22), and base metal analysis by methods ME-ICP61 and OG62 (four acid digest with ICP-AES finish). Visible gold intervals are sampled by metallic screen fire assay method Au‐SCR21. Samples are held in the Company's secure facilities until dispatched and delivered by staff and commercial couriers to the laboratory. Pulps and coarse rejects are retained and returned to the Company for storage. The Company submits a range of quality control samples, including blanks and gold and polymetallic standards supplied by Rocklabs, ITAK and OREAS, supplementing laboratory quality control procedures. Approximately 5% of archived samples are sent for umpire laboratory analysis, including any lots exhibiting QAQC outliers after discussion with the laboratory. In BP Minerals sampling, gold was analysed historically by fire assay and base metals by three acid digest and ICP finish at the Nomos laboratory in Rio de Janeiro. Silver was analysed by aqua regia digest with an atomic absorption finish. True width is considered to be 70-90% of intersection width, except for low-angle holes CD522, CD-539, CD-552, which are considered-d to be 30-50% of true width. Assay figures and intervals are rounded to 1 decimal place.

Gold equivalents for Santa Helena are based on metallurgical recoveries from the historical resource calculation, updated with pricing forecasts aligned with the Cabaçal PEA. AuEq (g/t) = (Au(g/t) * 65%Recovery) + (1.492*Cu(%) * 89%Recovery) + (0.474*Zn% * 89%Recovery)) + (0.013*Ag(g/t) * 61%Recovery)). CuEq (%) = (Cu(%) * 89%Recovery) + (0.318*Zn% * 89%Recovery)) + (0.67*Au(g/t) * 65%Recovery) + (0.0087*Ag(g/t) * 61%Recovery)).

The Mise-à-la-Masse survey is being conducted using the Company's in-house team, utilizing its GDD GRx8-16c receiver and 5000W-2400-15A transmitter. Data is processed by the Company's independent consultancy Core Geophysics. Geophysical and geochemical exploration targets are preliminary in nature and not conclusive evidence of the likelihood of a mineral deposit.

Qualified Person

Mr. Erich Marques, B.Sc., FAIG, Chief Geologist of Meridian Mining and a Qualified Person as defined by National Instrument 43-101, has reviewed, and verified the technical information in this news release.

FORWARD-LOOKING STATEMENTS

Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in Meridian's most recent Annual Information Form filed on www.sedarplus.ca. While these factors and assumptions are considered reasonable by Meridian, in light of management's experience and perception of current conditions and expected developments, Meridian can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Meridian disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.

Table 1: Assay results reported in this release.

Hole-id

Dip

Azi

EOH

Zone

Int

AuEq

CuEq

Au

Cu

Ag

Zn

Pb

From

(m)

(m)

(g/t)

(%)

(g/t)

(%)

(g/t)

(%)

(%)

(m)

CD-574

-48

192

84.1

SHM

15.9

3.9

2.6

1.6

0.5

40.0

4.3

0.7

58.2

Including

5.5

9.0

6.0

3.8

1.3

96.2

9.6

1.5

60.1

CD-569

-89

000

56.0

SHM

1.9

0.4

0.3

0.1

0.0

8.1

0.7

0.1

14.1

CD-568

-36

142

72.1

SHM

1.5

1.7

1.2

1.4

0.5

1.8

0.2

0.0

44.2

4.8

7.6

5.1

2.7

3.0

50.7

3.7

0.4

48.0

Including

3.4

10.3

6.9

3.6

4.0

68.9

5.0

0.6

49.0

4.1

0.5

0.4

0.0

0.1

3.0

0.8

0.1

66.0

CD-567

-65

032

65.2

SHM

1.2

0.5

0.4

0.1

0.3

6.0

0.3

0.0

31.5

4.1

2.6

1.8

0.4

0.2

21.6

4.5

0.8

35.2

Including

1.6

5.8

3.9

0.7

0.5

46.8

10.3

1.9

36.4

1.2

1.0

0.7

0.2

0.0

9.3

1.8

0.9

45.7

2.6

0.8

0.5

0.8

0.0

9.0

0.4

0.2

51.3

CD-560

-45

036

70.8

SHM

5.3

1.6

1.1

0.6

0.3

12.4

1.7

0.1

25.8

Including

1.1

5.1

3.4

2.5

1.0

45.3

4.1

0.4

26.6

0.6

1.6

1.1

0.3

0.0

12.2

3.0

0.3

36.3

0.5

6.3

4.2

0.9

0.5

77.5

10.5

2.0

39.4

2.7

0.4

0.3

0.2

0.0

3.0

0.6

0.1

41.7

2.4

0.3

0.2

0.0

0.0

3.4

0.5

0.2

49.8

CD-559

-50

209

66.3

SHM

3.4

0.5

0.3

0.0

0.1

6.7

0.6

0.0

4.7

11.2

1.9

1.3

0.3

0.6

21.7

1.6

0.5

12.0

Including

1.5

3.0

2.0

0.7

1.3

25.0

1.6

0.3

12.9

Including

3.3

4.1

2.8

0.6

1.4

47.4

3.4

0.7

17.8

3.3

1.5

1.0

0.7

0.1

15.6

1.8

0.6

36.4

0.9

0.4

0.3

0.0

0.0

2.0

0.9

0.0

42.0

CD-556

-45

213

90.0

SHM

22.4

3.2

2.2

0.8

1.1

24.0

2.7

0.6

9.2

Including

5.5

7.8

5.2

2.0

2.6

65.1

5.8

1.4

21.3

6.2

0.4

0.3

0.1

0.1

3.0

0.7

0.2

44.5

1.5

0.8

0.5

0.4

0.1

3.4

0.9

0.0

57.6

Hole-id

Dip

Azi

EOH

Zone

Int

AuEq

CuEq

Au

Cu

Ag

Zn

Pb

From

(m)

(m)

(g/t)

(%)

(g/t)

(%)

(g/t)

(%)

(%)

(m)

CD-555

-26

210

86.1

SHM

6.0

0.7

0.5

0.1

0.2

5.4

0.9

0.2

9.6

4.9

1.3

0.9

0.3

0.5

15.5

0.7

0.1

22.1

13.1

3.7

2.5

0.8

1.3

26.2

2.7

0.4

29.7

Including

6.2

6.4

4.3

1.6

2.3

41.8

4.7

0.6

36.6

Including

2.0

9.2

6.2

2.3

3.7

57.0

5.4

0.7

39.4

3.8

2.7

1.8

0.3

0.6

13.1

4.0

0.5

44.9

Including

1.8

5.0

3.4

0.6

1.1

24.8

7.2

0.9

46.2

3.6

0.3

0.2

0.0

0.0

4.0

0.6

0.2

55.6

13.1

0.9

0.6

0.1

0.2

5.2

1.2

0.2

64.0

CD-553

-65

316

118.8

SHM

4.9

0.5

0.4

0.3

0.0

4.4

0.7

0.1

102.9

3.6

0.3

0.2

0.0

0.1

1.3

0.6

0.0

110.8

CD-552

-26

270

101.2

SHM

Subparallel Hole

16.5

0.7

0.5

0.1

0.0

9.8

1.2

0.2

8.0

8.6

1.9

1.3

0.4

0.1

18.8

3.3

0.4

34.1

Including

2.4

4.3

2.8

1.2

0.1

46.2

7.1

0.8

39.5

4.0

0.4

0.3

0.0

0.0

7.9

0.6

0.2

47.0

7.4

0.4

0.3

0.0

0.0

2.5

0.8

0.1

57.3

4.7

0.6

0.4

0.0

0.0

3.4

1.2

0.3

94.3

CD-549

-60

045

105.4

SHM

0.6

1.0

0.7

1.5

0.0

0.9

0.1

0.0

12.0

0.7

1.7

1.1

2.5

0.0

1.0

0.1

0.0

19.7

11.3

3.1

2.1

0.7

0.8

31.1

3.1

0.5

43.4

Including

5.4

5.7

3.8

1.3

1.6

58.3

5.5

0.8

43.4

3.7

0.3

0.2

0.2

0.0

1.3

0.3

0.1

70.0

0.9

0.6

0.4

0.0

0.0

1.4

1.3

0.1

80.5

CD-548

-45

031

90.2

SHM

3.5

10.0

6.7

2.5

2.0

88.4

11.8

1.8

47.6

0.8

2.4

1.6

0.4

0.1

31.7

4.0

0.6

55.3

0.6

1.9

1.3

0.6

0.2

25.6

2.5

0.7

59.6

CD-545

-50

189

81.1

SHM

12.3

1.7

1.2

0.2

0.6

29.0

1.4

0.4

55.0

Including

2.1

6.5

4.4

0.9

3.2

154.5

1.2

1.8

56.0

CD-542

-80

051

103.9

1.0

2.4

1.6

0.9

0.8

31.8

1.4

0.3

63.1

4.1

0.4

0.2

0.2

0.0

2.4

0.5

0.2

83.4

1.6

1.0

0.7

0.2

0.0

9.1

1.8

0.6

91.8

Hole-id

Dip

Azi

EOH

Zone

Int

AuEq

CuEq

Au

Cu

Ag

Zn

Pb

From

(m)

(m)

(g/t)

(%)

(g/t)

(%)

(g/t)

(%)

(%)

(m)

CD-539

-31

290

131.7

SHM

Subparallel Hole

1.3

0.5

0.4

0.0

0.3

8.8

0.2

0.7

10.6

40.4

1.8

1.2

0.5

0.6

24.6

1.0

1.0

16.9

Including

2.4

3.9

2.6

4.1

0.8

5.8

0.5

1.5

18.9

12.3

0.4

0.3

0.0

0.0

2.5

0.7

0.0

61.0

CD-538

-75

007

172.6

SHM

1.9

0.7

0.5

0.0

0.1

1.1

1.5

0.0

58.0

0.5

1.6

1.0

0.0

0.2

30.1

2.4

0.5

95.0

1.3

0.9

0.6

0.1

0.1

12.1

1.5

0.4

99.5

1.9

0.6

0.4

0.0

0.0

2.2

1.3

0.4

104.1

0.8

0.7

0.4

0.0

0.0

0.6

1.5

0.0

108.4

CD-536

-89

000

89.5

SHM

2.9

0.3

0.2

0.0

0.0

2.4

0.5

0.2

75.0

CD-532

-45

089

135.4

SHM

4.3

2.7

1.8

0.4

0.9

24.8

2.7

0.3

48.0

3.8

1.2

0.8

0.1

0.1

7.0

2.4

0.4

57.8

3.3

0.4

0.2

0.0

0.0

2.0

0.7

0.1

69.1

CD-530

-45

026

75.0

SHM

NSR

CD-522

-21

093

132.0

SHM

Subparallel Hole

13.4

2.6

1.7

0.5

0.8

21.9

2.5

0.5

76.1

Including

4.9

4.2

2.8

0.9

1.4

32.3

3.5

0.6

76.1

Including

9.6

3.4

2.3

0.6

1.1

28.1

3.2

0.6

76.1

2.0

2.0

1.3

0.2

0.1

22.4

3.8

1.7

97.0

5.5

1.3

0.9

0.5

0.1

13.6

1.9

0.8

101.5

CD-521

-51

008

100.3

SHM

15.4

3.8

2.5

0.3

0.8

37.7

5.2

0.7

37.2

Including

3.4

9.8

6.5

1.2

2.2

90.7

12.7

2.2

42.7

Including

9.9

5.3

3.5

0.5

1.2

52.8

7.1

1.0

42.7

9.8

0.6

0.4

0.1

0.1

2.3

0.9

0.1

61.0

CD-519

-49

188

104.9

SHM

Metallurgical Hole

15.0

2.3

1.6

0.8

0.7

14.1

1.7

0.7

22.5

CD-515

-85

177

111.1

SHM

3.1

2.4

1.6

0.1

0.2

24.7

4.3

0.9

47.3

21.7

2.6

1.8

1.2

0.4

33.2

2.5

0.7

62.5

Including

2.9

4.7

3.1

1.0

0.4

43.8

7.3

1.2

64.2

Including

6.2

4.7

3.2

1.7

1.1

87.0

3.5

1.6

76.9

4.7

0.5

0.4

0.6

0.0

5.8

0.1

0.2

91.1

CD-512

-50

187

150.1

SHM

7.7

4.9

3.3

1.0

1.4

38.3

5.0

0.8

61.1

Including

4.0

8.9

6.0

1.7

2.7

70.6

8.9

1.3

61.6

6.2

0.7

0.5

0.1

0.0

6.2

1.3

0.3

72.3

2.7

0.5

0.4

0.1

0.1

3.6

0.9

0.3

85.3

Hole-id

Dip

Azi

EOH

Zone

Int

AuEq

CuEq

Au

Cu

Ag

Zn

Pb

From

(m)

(m)

(g/t)

(%)

(g/t)

(%)

(g/t)

(%)

(%)

(m)

CD-508

-88

000

99.5

SHM

1.0

0.9

0.6

0.0

0.0

12.7

1.6

0.3

54.9

3.0

0.6

0.4

0.1

0.3

3.9

0.4

0.1

61.1

CD-507

-51

009

141.3

SHM

NSR

CD-502

-47

189

81.3

SHM

13.2

0.5

0.4

0.4

0.0

5.9

0.5

0.3

22.6

10.2

0.4

0.3

0.1

0.1

4.3

0.5

0.1

40.6

2.0

0.4

0.2

0.0

0.1

3.3

0.3

0.1

64.2

CD-490

-89

000

124.9

SHM

1.0

2.9

1.9

0.0

0.2

22.2

5.9

1.4

56.3

2.5

1.5

1.0

0.1

0.1

25.9

2.6

0.6

69.5

1.7

0.6

0.4

0.0

0.1

1.4

1.1

0.0

77.3

2.0

2.1

1.4

2.4

0.1

59.6

0.0

0.9

110.0

SOURCE: Meridian Mining SE



View the original press release on accesswire.com

FAQ

What are the key assay results reported by Meridian Mining for the Santa Helena deposit?

Key assay results include CD-574 with 15.9m @ 3.9g/t AuEq / 2.6% CuEq from 58.2m, and CD-556 with 22.4m @ 3.2g/t AuEq / 2.2% CuEq from 9.2m. These results demonstrate high-grade gold, copper, silver, and zinc mineralization at shallow depths.

When is Meridian Mining (MRRDF) expecting to release the resource estimate for Santa Helena?

Meridian Mining is planning to release the resource estimate for Santa Helena in the fourth quarter of 2024.

What geophysical methods has Meridian Mining used at Santa Helena?

Meridian Mining has used multiple geophysical methods at Santa Helena, including bore-hole electromagnetic (BHEM) surveys, Mise-à-la-Masse (MALM) surveys, and surface geophysical methods to map massive sulphides and identify potential extensions to the main mineralized trend.

What is the significance of the geophysical results for Meridian Mining's Santa Helena project?

The geophysical results have outlined near-mine open upside to test and defined open targets for potential massive sulphide extensions. This provides Meridian Mining with new targeting parameters to explore the greater belt for similar but 'blind' massive sulphide mineralization, enhancing their ability to target Cabaçal's upside potential.

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