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Meridian Mining UK S is a copper-gold-silver mining company focusing on its advanced Cabaçal project in Brazil. The company recently discovered the Jauru copper & gold exploration project, a district-scale asset with significant potential. Meridian is dedicated to developing its existing projects while exploring new prospects to expand its operations.
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Meridian Mining UK S (MRRDF) successfully closed a bought deal offering, issuing 57,500,000 common shares at $0.35 per share for gross proceeds of $20,125,000. The Company intends to use the funds to advance the Cabaçal gold & copper project. Insiders participated in the offering, acquiring 10,190,000 shares. The Offering was qualified for distribution through a prospectus supplement.
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Meridian Mining UK reports positive metallurgical trials with Solvent 3418A leading to higher copper recoveries, potential increases in gold and silver recoveries. Cabaçal's Pre-Feasibility Study drill program shows promising results. The company is expanding exploration areas to unlock more gold and copper prospects.
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Meridian Mining UK Reports Shallow High-Grade Mineralization Extending Beyond Exploration Target Limits at Santa Helena Deposit
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Meridian Mining UK (MRRDF) announces strong results from the ongoing Pre-Feasibility Study drill program at the Cabaçal Au-Cu-Ag deposit, with high-grade zones of gold-copper-silver mineralization. The geotechnical studies suggest potential to decrease the pit wall angles, reducing the strip ratio. The project shows promising results and remains open for further exploration, indicating significant economic potential.
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Meridian Mining UK announces strong results from Bore Hole Electromagnetic surveys at Santa Helena high-grade deposit, expanding Cu-Au-Ag & Zn mineralization potential. The company models conductive plates down-dip from recent drilling, extending the footprint of future drill targets. CEO Gilbert Clark expresses excitement over the discovery's potential.
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Meridian Mining UK S (TSX:MNO)(OTCQX:MRRDF)(Frankfurt/Tradegate:2MM) reports robust growth in resource potential at the Santa Helena mine, with the discovery of a rich layer of Au-Cu-Ag and Zn VMS mineralization. The Cabaçal Project's work programs have been upgraded to produce a Pre-Feasibility Study in 2024, leading to higher project certainty. Santa Helena's drilling has intercepted new VMS mineralization below the main VMS mine horizon, extending the prospective VMS mine sequence by 0.51km to the east. The Cabaçal mine area continues to deliver robust zones of copper-gold & silver mineralization. The company is focused on creating greater hard asset value as a near-term developer and operator of one of the most prospective copper-gold VMS belts in South America.
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Meridian Mining UK S (TSX:MNO)(OTCQX:MRRDF)(Frankfurt:2MM)(Tradegate:2MM) reports the assessment of the geological potential of the Santa Helena mine area, generating an initial Exploration Target of 3.2 -7.2 Mt grading between 3.0 - 3.2g/t AuEq, with a potential high-grade metal inventory range of between 306,000 to 763,000 AuEq ounces.
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Meridian Mining (TSX:MNO)(OTCQX:MRRDF)(Frankfurt/Tradegate:2MM) reports strong intercepts of shallow copper, gold, silver, and zinc mineralization at the Santa Helena mine, expanding open-pitable resource potential. The company's work on the main Cabaçal deposit continues to prove up robust intervals of gold and copper mineralization. The environmental impact study for a maximum 4.5Mt p.a. mine throughput at the Cabaçal deposit is expected to be submitted this month.
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Meridian Mining UK S appoints Bruce McLeod as new independent director and Chairman of the Board. McLeod brings over 30 years of experience in the mining industry, including successful acquisitions and project development. The company is confident in McLeod's ability to advance the Cabaçal asset.
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Meridian Mining reports strong intercepts of copper, gold, silver, and zinc mineralization at the Santa Helena mine. The results include high-grade mineralization such as CD-329: 6.8m @ 4.9% CuEq from 38.7m. The Santa Helena VMS trend has been mapped over 3.1km. Drilling continues at Santa Helena and at the Cabaçal mine.
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FAQ
What is the current stock price of MERIDIAN MNG UK SOCIETAS (MRRDF)?
The current stock price of MERIDIAN MNG UK SOCIETAS (MRRDF) is $0.3 as of October 15, 2024.
What is the market cap of MERIDIAN MNG UK SOCIETAS (MRRDF)?
The market cap of MERIDIAN MNG UK SOCIETAS (MRRDF) is approximately 99.1M.
What are Meridian Mining's primary commodities?
Meridian Mining primarily focuses on mining copper, gold, and silver.
Where is Meridian Mining located?
Meridian Mining is located in the UK and operates its mining projects in Brazil.
What is the focus of Meridian Mining's exploration efforts?
Meridian Mining is actively exploring new prospects to expand its operations while developing existing projects like Cabaçal.
MERIDIAN MNG UK SOCIETAS
OTC:MRRDF
MRRDF Rankings
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99.14M
247.06M
17.9%
18.56%
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