Meridian Mining uncovers another VMS layer at Santa Helena in Brazil - Tradelink Publications
London- and Toronto-listedMeridian Mininghas intercepted a new volcanogenic massive sulphide (VMS) layer of strong precious and base metals mineralisation at theSanta Helenaproject, inBrazil. Santa Helenais a. . .
London- and Toronto-listedMeridian Mininghas intercepted a new volcanogenic massive sulphide (VMS) layer of strong precious and base metals mineralisation at theSanta Helenaproject, inBrazil. Santa Helenais a high-gradecopper/gold VMS project forming part of Meridian’sCabaçalhub strategy in the country. The new VMS layer discovery marks the second discovery of gold,silver,zincandleadmineralisation on site, located below and east of theSanta HelenaCentral resource. The CD-869 drill hole, in particular, returned a seven-metre-wide zone of gold/silverandzinc/lead-dominated mineralisation, including an interval containing visible gold. The hole returned intercepts of 7. 2 m grading 1. 4 g/t gold, 0. 1%copper, 24. 3 g/tsilver, 2. 3%zincand 0. 9%leadfrom 177 m. The discovery ultimately highlights the prospectivity of the down-dip and down-plunge extensions ofSanta HelenaNorth’s surface geophysical and geochemical anomalies. Meridian says the gold/silverandzinc/leadmineralisation remains open and follow-up drilling continues. “CD-869’s discovery of a second layer of strong precious and base metal mineralisation atSanta Helenapresents an exciting opportunity for Meridian’s shareholders. The potential of further resource growth is enhanced as is the future installation of a second hub along the Cabaçal Belt. CD-869 and the recently reported CD-852 at Álamo both intercepted gold-rich mineralisation,” CEOGilbert Clarkconfirms. He adds that CD-869’s visible gold is an attribute rarely seen atSanta Helena, and this may signal an additional structural gold overprint or gold-enriched VMS mineralisation like that seen at Cabaçal. Following the company’s initial public offering in London in May, its exploration programmes remains well funded and continues to deliver a high frequency of exceptionally encouraging results. “This reflects the high prospectivity of what we see as South America’s most prospective VMS belt,” Clark concludes