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Merlin Marr-Johnson sat down with Gilbert Clark the Executive Chairman and Adrian McArthur the President and CEO of Meridian Mining (TSX:MNO) to discuss the technical aspects of the company’s Cabacal copper/gold project.
Our previous interview: https://youtu.be/ut1wgB2Zxqc
Meridian Mining aims to become the next mid-tier copper/gold producer in Brazil, through the advancement of its Cabaçal copper/gold project in the state of Mato Grosso.
The Cabaçal copper/gold project is an advanced stage district-scale volcanogenic massive sulphide (VMS) deposit that also includes a high-grade basal zone. The project was discovered in 1983 by BP Minerals and was acquired by Meridian Mining in 2020. The deposit’s mineralisation starts close to surface and is open at a depth of 175 m whilst extending 2,000 m along strike. The project holds a historic mineral resource of 21.7 Mt with an average grade of 0.6% Cu and 0.6 g/t Au.
The company recently announced assay results of its ongoing 15,000 m exploration and infill drilling program at the project. The highlights of the assay results include the interception of high-grade copper/gold mineralisation over an intercept of 64.3 m starting at a depth of 22.0 m. The assay results confirmed the company’s hypothesis that high-grade gold mineralisation extends out from the limits of the historic mine. The highest grades reported by the assay results are 10.0% copper, 127.0 g/t of gold and 77.7 g/t of silver over 0.8 m starting at 81.9 m.
The results of the ongoing exploration and in-fill drilling program will be implemented to publish an internal scoping study of the Cabaçal copper/gold project by the end of Q1 2022. The company plans to undertake engineering test work that will enable the publishing of a preliminary economic assessment (PEA) as well as the completion of an environmental impact study both scheduled to be published by the end of 2022.
0:00 – Company Overview
1:00 – Recent Project Update
3:55 – Historic Resource Location
6:05 – The Geology of the Resource
9:38 – Tools used in Figuring out the Mineralization Trends
14:04 – Mineralization Envelope Discussion
17:40 – Expansion Plan around Cabacal Mine Presentation
22:43 – Current Situation in Resource Valuation and Scoping Study
24:12 – Cabacal Northwest Extension Mineralization Presentation
28:39 – Resource Statement and Key Mining Areas for 2022
31:06 – Gold Allocations Discussion
35:21 – Right Scale for this Project
37:26 – Exploration vs. Building a Mine
44:03 – Outro
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