Multiple Intersections Of Shallow High-Grade Au-Cu-Ag-Zn Mineralization At Santa Helena

LONDON, UK - Meridian Mining UK S reported on its Santa Helena Au-Cu-Ag & Zn project. Multiple intersections of shallow high-grade Au-Cu-Ag & Zn mineralization have been drilled as part of Santa Helena's expanded resource delineation drill program. The Company is also reporting, that due to strong extensions of geochemical and coincident geophysical anomalies at Santa Fé, it is expanding the active exploration programs there. Drill programs at Cabaçal, Santa Helena and Santa Fé continue with results pending.

Gilbert Clark, CEO, said, "We continue to confirm more shallow and high-grade zones of Au-Cu-Ag & Zn mineralization at Santa Helena, including one of our highest grading gold assays to date. This continual stream of strong results from the on-going infill drill program are strengthening our confidence for the Santa Helena resource estimate that is planned for later this year. Having this potential for a second open pit with Santa Helena can only strengthen the optionality of it also becoming the 2nd processing hub of the Cabaçal belt.

At only 5km to the south of Santa Helena, the scale of the exploration activity at Santa Fé is developing quickly. We are seeing an expansion of open robust geochemical and IP anomalies and have a rig active there. With multiple deposits being developed, one of the best PFS economic results2 in recent time and an expanding exploration program. I am confident when I express that the Cabaçal Au-Cu belt is the preeminent VMS Au-Cu development project of South America."