New Target Defined Below Cu Mineralisation
Meridian Mining UK S (TSXV: MNO) (OTCQB: MRRDF) has identified a significant Bore Hole ElectroMagnetic (BHEM) conductors detected immediately below chalcopyrite, sphalerite, galena, and silver mineralisation intercepted by current drilling at Cabaçal West in Brazil.
Cabaçal West is part of the Cabaçal Copper-Gold Project in Mato Grosso and is located 1.5 km west of the Cabaçal Copper-Gold mine. T
he smallest of the BHEM conductors modelled, logged from the CD-038, has a plate size close to the surface area of the Cabaçal Mine’s. While the largest modelled BHEM conductor, logged from the now to be extended DDH CD-058 is ~three times the strike length as the Cabaçal Mine but restricted by the tool’s measurable limits.
Both CD-038 and 058 logged disseminated and stringer mineralisation above their detected conductors. Recent but smaller BHEM conductors logged from Meridian’s ongoing drill programme at the Cabaçal mine, are directly associated with significant Cu-Au-Ag grades and intervals previously reported that are also within the same host mine horizon encountered by drilling at Cabaçal West.
- Additional drill platforms being sited and prepared to expand drill program at Cabaçal West;
- Assays results, up dip from Cabaçal West EM conductors confirm Copper-Gold, Zinc and Silver system; and
- Next batch of assays from Cabaçal’s ongoing drill programme to be released shortly.
“We are excited to have identified, only 35m below CD-058’s hole current level at 441m, the corrected position of the Cabaçal West conductor, being directly below a new Cu-Zn sulphide VMS feeder system” CEO and President, Dr Adrian McArthur, said.
“Over the next week we will work to remove the PVC casing and extend the hole to test the Cabaçal West conductor’s adjusted position.
“Holes CD-038, and historical hole AMCD-15-006 (which was terminated above the conductor’s position) both show mineralization overlying CD-058’s conductor, which extends over 1.0km strike length, indicating a vast footprint to the targeted system. The objective now will be to push the drill hole just a little deeper and test the strike extent.”
The Company drilled CD-058 to 441.1 m targeting the Fixed-Loop Transient Electro-Magnetic (FLTEM) conductor, surveyed from surface, and previously reported. Above and at the FLTEM target depth of 400m it intercepted VMS style feeder mineralisation hosting disseminated and stringer sulphides principally chalcopyrite, sphalerite, galena, and silver (by portable XRF) plus pyrrhotite and pyrite at 381m to 398m; the hole was suspended at 441.1m.
The Meridian technical team agreed that this zone (380 to 400m) was unlikely to have generated the FLTEM conductor, so, it was then probed by the BHEM tool. The more accurate BHEM tool detected an extensive conductor just ~35m below the current end of hole extending over a one km strike length.
For further information please visit: https://meridianmining.co/