Programme Underway Near Mine In Brazil
Meridian Mining UK S (TSXV: MNO) has initiated drilling on the Cabaçal West target recently defined by its Fixed-Loop Transient Electro-Magnetic (FLTEM) surface surveys at its Cabaçal Copper-Gold Project in Mato Grosso, Brazil.
Cabaçal West is 1.5km west of the Cabaçal mine and coincident with a significant soil anomaly while the FLTEM response is open and strengthens to the northwest. An associated strong copper in soil anomaly also remains open to the west approaching the conductor.
The initiation of the near mine drill programme marks the first phase in a long- term program to test the numerous prospects defined by the recent VTEM airborne survey, and the historical surface exploration programs of BP Minerals / RTZ.
Highlights:
• Meridian starts drilling large late channel bedrock conductor at Cabaçal West;
• Meridian initiates drill program targeting the Cabaçal West and Cabaçal South FLTEM anomalies;
• Cabaçal West bedrock FLTEM conductor is 485m long, open to the NW with conductivity consistent with massive sulphide targets;
• Cabaçal South is a bedrock late channel FLTEM target 200 m long with proximal historical drilling hosting Copper-Gold mineralisation;
• Ongoing geophysical and drilling programmes targeting massive sulphides associated with Cabaçal Cu-Au VMS system;
• Targets represent the first of multiple modern VTEM anomalies, and historical geophysical and geochemical targets to be tested in an ongoing programme.
“We are excited to initiate drilling on Cabaçal West, one of many bedrock targets distributed along the 36kms of prospective VMS stratigraphy in this under-explored camp,” CEO and President, Dr Adrian McArthur, said.
“Meridian’s in-house geophysical survey team has remained active in deploying our own state of the art geophysical equipment on surface surveys to the south-east of the mine. This new phase of exploration drilling will be accompanied by bore-hole EM surveys, to further develop vectors in the 3D targeting of hidden sulphide mounds.
“These deposits are known to occur in clusters in analogue VMS camps, and FLTEM has been a key tool in unlocking discoveries over the life of these camps. Our ongoing drill program will balance drilling on new targets with ongoing resource definition on Cabaçal itself in this exciting expansion phase for the company”.
Cabaçal Near Mine Drilling Campaign
The initiation of the drill program targeting blind geophysical anomalies marks the first phase in a long- term programmd to test the many target positions defined by both the more recent VTEM survey, and historical surface exploration programs of BP Minerals / RTZ. This wealth of near surface, untested targets is not unusual as Cabaçal is a camp scale and intact VMS system. In addition, the Company has commenced a program to digitise available historical geophysical data retrieved from the archives of RTZ, to refine drill
targets for massive to disseminated sulphides characteristic of Volcanic Massive Sulphide (VMS) systems.
For further information please visit: https://meridianmining.co/news/
