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About Meridian Mining UK Societas (MRRDF)
Meridian Mining UK Societas (OTCQX: MRRDF) is a mining company focused on the exploration and development of copper, gold, and silver resources in Brazil. With a strategic emphasis on the prolific Cabaçal VMS belt in Mato Grosso, the company is advancing its flagship Cabaçal copper-gold-silver project, a volcanogenic massive sulfide (VMS) system that has shown significant resource potential through modern exploration techniques.
Flagship Project: Cabaçal VMS Belt
The Cabaçal project is a high-grade copper-gold-silver VMS deposit with a history of production and untapped exploration potential. Meridian employs advanced geophysical and geochemical techniques to identify and expand mineralized zones. The project features multiple stacked layers of base and precious metal mineralization, making it a cornerstone of the company's growth strategy. The recent Pre-Feasibility Study (PFS) has highlighted favorable metrics, including low operating costs and high metallurgical recovery rates, underscoring its economic viability.
Santa Helena and Regional Exploration
In addition to Cabaçal, Meridian is developing the Santa Helena Au-Cu-Ag-Zn deposit, which has demonstrated robust high-grade mineralization. The company is also conducting regional exploration across the 50km-long Cabaçal VMS belt, targeting new discoveries to support its hub-and-spoke development model. This strategy aims to establish multiple mining operations feeding centralized processing facilities.
Business Model and Market Position
Meridian's business model focuses on leveraging historical data, modern exploration techniques, and strategic financing to advance projects from exploration to production. The company operates in a low-cost environment with strong local partnerships, positioning it as a key player in Brazil's mining sector. Its focus on copper aligns with global trends in renewable energy and electrification, while gold and silver provide additional revenue streams.
Industry Significance
Operating in the growing base and precious metals markets, Meridian addresses the increasing demand for copper in renewable energy technologies and infrastructure. Its projects contribute to the sustainable supply of critical materials, aligning with global efforts to transition to a low-carbon economy.
Why Meridian Mining Stands Out
- Strategic Location: Operates in the mineral-rich Mato Grosso region of Brazil.
- Proven Resources: Significant high-grade copper, gold, and silver mineralization confirmed through modern exploration.
- Advanced Studies: Comprehensive PFS and ongoing feasibility studies demonstrate project viability.
- Exploration Upside: Untapped potential across the Cabaçal VMS belt and nearby greenstone belts.
Meridian Mining UK Societas is poised to become a leading copper-gold-silver producer, leveraging its technical expertise, strategic assets, and commitment to sustainable mining practices.
Meridian Mining announces the successful completion of its 500th drill hole at Santa Helena, delivering 14.3m @ 3.7 g/t AuEq. Significant results include CD-500: 14.3m @ 3.7 g/t AuEq from 49.0m with a higher grade of 3.0m @ 8.2 g/t AuEq from 50.2m, CD-497: 5.1m @ 7.2 g/t AuEq from 41.2m, and CD-479: 6.0m @ 3.5 g/t AuEq from 37.3m.
At the Cabaçal mine area, drill results include CD-481: 2.7m @ 12.3 g/t AuEq from 65.0m, and CD-495: 7.1m @ 2.1 g/t AuEq from 52.9m. The Cabaçal Preliminary Feasibility Study's (PFS) drill program has been completed and the project moves into the detailed engineering phase, with reporting expected early Q1 2025.
CEO Gilbert Clark highlights the advancement of Brazil's large VMS belt as Meridian aims to become a leading copper-gold-silver producer. Continued exploration at Santa Helena and Cabaçal with more results pending reinforces the potential of these projects.
Meridian Mining provided an update on drilling activities at its Cabaçal and Santa Helena mines in Brazil. Recent results at Santa Helena include a significant interval of 5.0m @ 4.0g/t AuEq from 24.1m. Environmental and metallurgical studies for open-pit development have commenced. Infill drilling at Cabaçal has identified extensions of near-surface Cu-Au-Ag mineralization, highlighted by a 10.1m @ 2.1g/t AuEq from 9.4m interval. Over 50,000 meters of drilling have been completed at Cabaçal, adding to the project’s extensive database. The company continues to advance its hub-and-spoke development strategy for the Cabaçal VMS belt, aiming to produce clean copper and high-grade gold and silver concentrates.
Meridian Mining UK announced the results of its Annual and Special Meeting of Shareholders held on June 4, 2024. A total of 109,396,416 common shares were voted, representing 36.45% of the issued and outstanding shares. Shareholders voted in favor of all proposed items, including the re-election of directors and the appointment of auditors. Directors elected include Bruce McLeod, Gilbert Clark, Adrian McArthur, Susanne Sesselmann, John Skinner, Douglas Ford, and Neil Gregson, with the majority receiving over 99% of votes in favor. Additional approvals included the re-appointment of KPMG LLP and PKF Littlejohn LLP as auditors in Canada and the UK respectively, and the authorization for the Board to issue shares and disapply pre-emptive rights. No other business was addressed at the meeting.
Meridian Mining UK has identified a 7km copper stream anomaly at its Jauru Project in Mato Grosso, Brazil. The anomaly shows significant copper and gold geochemical values, comparable to their advanced Cabaçal project. Jauru's historical data, initially collected by BP Minerals in the 1980s, reveal promising exploration prospects, further supported by regional geophysical similarities to Cabaçal. The company aims to leverage these findings to become a leading copper-gold producer, with additional resource growth from Santa Helena and other near-mine prospects. Future plans include extensive geochemical surveys, geological mapping, and drilling prioritized anomalies.
Meridian Mining UK S reports high-grade mineralization at the Cabaçal copper-gold-silver VMS project in Brazil. Drill hole CD-470 yielded 16.0m @ 12.5g/t AuEq, including 6.4m @ 30.6g/t AuEq with visible gold. Results support resource conversion and indicate potential for optimized copper recoveries. Ongoing program aims to uncover missed high-grade zones. Company CEO optimistic about the project's value for shareholders.
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