Meridian Mining Reports Optimistic Metallurgical and Drilling Results for Cabaçal

Meridian Mining UK S has announced promising initial findings from metallurgical tests at Cabaçal, utilizing novel reagent Solvent 3418A for copper sulphides, surpassing previous copper recoveries. This advancement also hints at potential increases in gold and silver recoveries. The company is validating these initial results for future economic studies. Additionally, Cabaçal's Pre-Feasibility Study (PFS) drill program is showing progress, aiming to enhance the resource base's confidence by converting inferred zones into higher categories.

The company reported wide zones of copper, gold, and silver mineralization at shallow depths, including notable drill results from CD-418 and CD-409, alongside updates on environmental permits and access agreements for further exploration. Moreover, new areas have been permitted, promising for gold and copper prospects exploration. CEO Gilbert Clark expressed confidence in the project's prospects, emphasizing the potential to improve concentrate quality and the expansion of the exploration footprint.

The Cabaçal metallurgical update reaffirmed the deposit's favorable processing characteristics, with ongoing tests on Solvent 3418A showing promising copper recoveries. The team is exploring the inclusion of a gold gravity circuit to increase gold recoveries, differentiating from historical processing methods at the Santa Helena mine.

Drilling updates from Cabaçal indicate continued success in resource development, with several significant gold, copper, and silver finds. The company aims to finalize the drill database for independent consultants for the PFS study within the coming quarters.

Lastly, Meridian has expanded its exploration footprint through new licensing, with ongoing work to explore and test additional areas south of Cabaçal and around the Santa Helena mine.