Multiple Intersections Of Strong Cu-Au-Ag Mineralization At Santa Helena

LONDON, UK  - Meridian Mining reported multiple intersections of strong Cu-Au-Ag mineralization from the ongoing drill programs at both the advanced Cabaçal Cu-Au-Ag project and the Santa Helena Cu-Au-Ag & Zn project. Both deposits are part of the 50km Cabaçal VMS belt in Mato Grosso, Brazil. Drilling at Santa Helena has returned multiple intercepts of high-grade mineralization from shallow open-pitable depths. These include: CD-500: 14.3m @ 3.7 g/t AuEq from 49.0m, with a higher grade zone of 3.0m @ 8.2 g/t AuEq from 50.2m, CD-497: 5.1m @ 7.2 g/t AuEq from 41.2m, and CD-479: 6.0m @ 3.5 g/t AuEq from37.3m. The infill drilling at Cabaçal includes results from the mine, and results from the Cabaçal Northwest Extension (CNWE). Highlights from the mine area include CD-481: 2.7m @ 12.3 g/t AuEq from 65.0m, and CD-495: 7.1m @ 2.1 g/t AuEq from 52.9m. These results are part of the Cabaçal's Preliminary Feasibility Study's ("PFS") drill program, now completed.

Exploration and infill drilling continues at Santa Helena and Cabaçal respectively and further assays are pending.

Gilbert Clark, CEO, said, "As we advance Brazil's largest and one of South America's most prospective and under-explored copper-gold & silver VMS belts, our 500th hole has delivered another high-grade mineralized intercept from the Santa Helena deposit, where resource and metallurgical programs continue. Cabaçal's PFS program has now moved into the detailed engineering phase. Additional time was needed to complete the PFS's resource and technical programs, required to further improve the quality of the datasets, resulting in pushing the reporting to early Q1 2025. Near mine exploration and drilling programs continue; activities with further results are pending. Our development of the advanced Cabaçal project positions the Company to emerge as Brazil's next near-term copper-gold & silver producer during a period of renewed investor interest in base and precious metals."