Landbank Increased Over The Cabaçal Copper-Gold Belt

LONDON - Meridian Mining UK S reported on its Landbank for the camp scale Cabaçal Copper-Gold VMS Project in Mato Grosso, Brazil. Meridian has received notification that it has placed the winning bids on three new Cabaçal exploration licenses via the land release auction process of the Agencia Nacional de Mineraçao (ANM). This secures a significant strategic extension to the Company's landbank, covering both historical BP targets, and newly defined anomalies from a satellite alteration mapping exercise commissioned by the Company (WorldView-3). Meridian is now the dominate developer of an advanced camp scale copper-gold belt.

Adrian McArthur, CEO and President, said, "The Company is pleased to announce it has placed the winning bid on these three licenses, consolidating Cabaçal's landbank of prospective copper-gold geology to the limits of the Cabaçal Cu-Au VMS Belt. The new license provide continuity with an earlier application, the Southern extension, where a copper anomaly has been defined by BP Minerals (BP) stream sediment sampling. The Company is particularly excited by the presence of multiple and coincident anomalies defined by the WorldView-3 alteration mapping, being adjacent to BP's historical geochemical and geophysical anomalies. The license will be initially in the application stage, but the Company looks forward to executing regional programs in the future with formal approval by the ANM. With these new tenements, Meridian's landbank package covers almost the complete entirety of the highly prospective Cabaçal VMS copper-gold Belt, essentially an undeveloped metallogenic belt, and we are probably the only company developing such an advanced asset in the Junior market today."