Confirmed As Priority Target For Massive Sulphides
Meridian Mining (TSXV: MNO) has identified a promising conductor in results from its Fixed-Loop Transient Electro- Magnetic (FLTEM) surface survey, using its own modern in-house equipment at the Cabaçal Copper- Gold Project in Mato Grosso, Brazil.
The first survey over the Cabaçal West target has detected a significant bedrock conductor. The conductive response starts at shallow depths and increases with depth to form a deep-seated late channel response, and open to the north-west.
The modelled plate is situated along the Cabaçal conductive trend, 1.5 km west-north-west of the historical Cabaçal mine and down dip from an extensive Cu-Au soil anomaly.
The company plans to drill test the Plate late July, interpreting the target to be potentially, the massive sulphide pile of the Cabaçal mines Volcanic Massive Sulphide (VMS) system.
Highlights of first results:
• Meridian detects large late channel bedrock EM conductor at Cabaçal West;
• The EM conductivity increases with depth and strengthens to the North-west
• Cabaçal West EM survey is ~40% completed and remains open.
• First FLEM results of modelled late channel conductor are:
o An initial strike length of 485m open to the NW;
o A shallow depth starting from 235m below surface;
o It extends vertically 455m down to 690m below surface;
o Plate’s conductance is 109 Siemens(S);
• Cabaçal West’s and Cabaçal South’s bedrock conductors are to be drill tested as first targets for massive sulphides associated with the Cabaçal Cu-Au system, programmed for late July.
“The initial fieldwork by Meridian’s in-house geophysical survey team has delivered positive results using our own state of the art geophysical equipment, confirming the high prospectivity of the Cabaçal West target” CEO and President, Dr Adrian McArthur, said.
“The large, late channel bedrock conductor defined at Cabaçal West measures 485 m long by 690m deep, has a conductance of 109S and is open to the northwest and is downdip from the Cu soil anomaly that extends out from the Cabaçal mine.
“Both the Cabaçal West and the previously defined Cabaçal South anomalies show conductivities significantly higher than the conductors, surveyed over Cabaçal itself in April of this year.
“These targets represent the first to be tested in what will be a long-term program of FLTEM surveys ultimately to cover over 36kms’ in strike length of prospective VMS stratigraphy in this under-explored camp. We are now moving to the next stage of drill testing these two priority targets, complimenting them with down-hole EM surveys to vector in what we hope will be an exciting expansion phase for the company.”
For further information please visit: https://meridianmining.co/news/
