03 Feb Meridian Mining reports highest ever grade gold samples at Cabaçal project in Brazil
TSXV-listed explorer Meridian Mining has announced the strongest gold-in-soil response yet at its Cabaçal copper-gold volcanogenic massive sulphide (VMS) project in Mato Grosso, Brazil.
The results reported today have connected two surface anomalies within the C4A and C2A copper, gold and zinc prospects into a singular trend over a 3,500 metres strike length, and contain assays peaking at 8.4 g/t gold.
The alignment of these new gold anomalies with an underlying geophysical trend suggests a structural control and adds further support to the model of a late-stage gold event overprinting the earlier VMS copper-gold system along the length of the historical Cabaçal mine, the company said.
“These latest gold-in-soil results from Meridian’s ongoing geochemical programmes confirm that our Cabaçal copper-gold project has great potential for future discoveries,” Meridian’s CEO and president Adrian McArthur said.
“Soil sampling results above 1.0 g/t gold are uncommon, and this result is particularly encouraging, being located along the projection of VMS units grading 0.4% copper and 0.6% zinc. This all highlights the near surface open-pit prospectivity and exploration upside we are encountering at Cabaçal, where many anomalies remain open for further evaluation,” he added.
The local team’s main focus will remain on the Cabaçal mine, via an ongoing 15,000 metres drill programme, in addition to the C2A regional programme focused on validating and expanding on results generated by BP Mineral’s historical investment, which defined prospects within open potential in the Cabaçal Belt.