Santa Helena Lateral Drilling Into VMS Pile Hosting Cu-Au-Zn-Ag Massive To Semi Massive Sulphides

LONDON, UK - Meridian Mining UK S has drilled laterally into a VMS pile hosting Cu-Au-Zn & Ag massive to semi-massive sulphides on the western limit of the Santa Helena Au-Cu-Ag & Zn deposit. CD-651 returned 33.4m @ 2.0g/t AuEq (1.4% CuEq) including 13.1m @ 4.2g/t AuEq (2.8% CuEq). Potential exists for further Cu-Zn-Au rich domains to the west, where it is considered open. Drilling continues and further results are pending.

The Company is also announcing that its exploration team has defined a new Cu-Au and Zn discovery at Santa Fé, 5km southeast of Santa Helena. Santa Fé hosts an open Cu-Au-Zn soil geochemical anomaly extending over 2,200m with a coincident Induced Polarization (IP) anomaly. Further geophysical and surface mapping is ongoing with Santa Fé projected to be drill ready by late in Q2.

Gilbert Clark, CEO, said "CD-651 returned multiple shallow layers of massive to semi-massive, and disseminated sulphides, hosting high-grades of Au-Cu-Ag & Zn mineralization starting at only 26m below surface. With CD-651's strong sulphides, it now makes the whole of the Santa Helena system resemble a string of precious and base metal pearls, just like the black smokers that create VMS deposits. The mineralization at both ends of Santa Helena remains open for extensions and more drilling is needed to close-off and in-fill this system. I believe that by combining this growth at Santa Helena with the exciting Santa Fé discovery the potential for a future second mining Hub centred on Santa Helena is apparent. This growth potential builds on the exceptional PFS results for Cabaçal[1], and this is why Meridian's Cabaçal project is Brazil's and South America's most prospective Cu-Au VMS belt."