Meridian Mining Reports Further Success in Expanding Santa Helena Zone

Meridian Mining UK S (TSX:MNO) announced continued positive outcomes from its drilling program at the Santa Helena Au-Cu-Ag & Zn VMS deposit, revealing significant extensions beyond previously explored areas. The results were highlighted by a significant drill intercept in hole CD-421 which encountered 11.3m @ 3.7g/t AuEq from a shallow depth of 35.0m, including a higher grade section of 3.4m @ 8.6g/t AuEq from 42.9m. This discovery extends the known mineralization outside the originally modeled exploration target limits for Santa Helena.

Additionally, the company reported a substantial eastward extension of the mine's horizon with drill hole CD-431 confirming 5.4m @ 0.7g/t AuEq from 38.4m, positioned 580m east of the historic mining area. This discovery expands the Santa Helena exploration corridor to over 1.6km and identifies the need for further investigation while suggesting the corridor remains open to the east. Gilbert Clark, CEO of Meridian, highlighted the potential for additional high-grade mineralization within this prospective VMS belt.

The drilling achievements contribute to Meridian’s exploration strategy, aiming to expand the resource base within the highly prospective VMS belt which includes the Cabaçal project. The recent findings underscore the potential for further untested targets in the region and mark an important step in Meridian’s ongoing exploration efforts.