Positive First Results From Resampling Of Historical Core
Meridian Mining (TSXV: MNO) has received completed assays for its Diamond Drill Holes CD-003 and CD-004 as well as first results from the resampling of historical core from its Cabaçal Copper-Gold camp scale VMS project, located in Matto Grosso, Brazil.
In conjunction with its ongoing 10,000m field programme, Meridian is advancing the relogging and assaying of historical DDH cores from the Cabaçal mine, that was originally completed by the former operators BP Minerals/Rio Tinto in the 1980’s.
The company now has three rigs currently operating in the field with results to continue to be reported throughout the summer.
Highlight of additional assays:
- CD-003 extended by 10.0m to 58.6m @ 1.2% CuEq from 110.0m (0.6% Cu, 0.9g/t Au, 1.7g/t Ag, & 0.2% Zn); and- New hangingwall intercept returns: 15.0m @ 0.4% Cu from 75m;
- CD-004 new hangingwall intercept returns 9.5m @ 0.3% CuEq from 94.6m (0.2% Cu & 0.2 g/t Au)
Highlights from historical core resampling programme:
- JUSPD050 returned 16.8m @ 2.1% Cu, 2.0g/t Au, 3.0g/t Ag & 0.2% Zn from 123.3m;
- JUSPD076 returned 8.9m @ 2.3% Cu, 0.54g/t Au, 9.4g/t Ag & 0.3% Zn from 93.1m;
“These new assay results from the Cabaçal programme confirm our expectations for discrete layers of broad Copper dominate sulphides hosted by stacked mineralisation lenses,” said Dr Adrian McArthur, CEO and President.
“The flow of the further new results joins with the initial results from the resampling programne of historical core indicate that the historical database of Rio Tinto is robust, as expected from records of historical mining operations.
“With three rigs turning, drilling is now extending across all three copper zones of the Cabaçal Copper-Gold deposit, advancing the program to take the Cabaçal towards its first resource statement. These results reinforce the re-emergence of the Cabaçal Copper-Gold VMS camp as a significant opportunity in a strengthening copper market.”
In conjunction with its 2021 field programme, the company is re-logging and assaying Cabaçal’s historical DDH core from the collection held by the Universidade Federal de Mato Grosso (UFMT). Sampling was initiated as part of the programmes to validate the historical assay results from the extensive drilling database of Cabaçal recovered from Rio Tinto. T
The sampling is being done under a collaborative research agreement. Select zones within JUSPD050 and JUSPD076 hosting high grade Au mineralisation are projected to have been mined at the historical gold-only cut of grade of 3g/t.