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Meridian Mining SE
Summary
| Project: | Bom Futuro | |
|---|---|---|
| Deposit: | Bom Futuro | |
| Location: | Brazil | |
| Commodities: | Tin | |
| Date: | 10/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-10-2017: Meridian Mining SE announces an Exploration/Drilling Update report for its Bom Futuro deposit at the Bom Futuro project. Drilling results incl. 17m @ 834ppm Sn. Meridian Mining SE(TSXV: MNO) ("Meridian " or the "Company") today provided an upd | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Adrian McArthur (Internal) | |
| ABSTRACT: | Meridian Mining SE(TSXV: MNO) ("Meridian " or the "Company") today provided an update on exploration results from its Bom Futuro tin joint venture in the state of Rondônia, in NW Brazil. The Bom Futuro tin mine has produced 195,000t of tin over a thirty-year history of continuous operation since its discovery in 1987. Meridian Mining entered a joint venture with the project owners – Cooper santa – in late 2016 1 . The initial priority has been to evaluate opportunities to recover tin from the millions of cubic meters oftailings which have accumulated around the Bom Futuro Hill. The appreciation of the tin price in recent years has created a more favourable climate for assessing retreatment scenarios (current LME Cash buyer $US 20,925/t, from historical lows of $US3,625 in September 2001). The tailings evaluation program originally commenced with 437 auger holes completed in the first quarter of 2017, targeting 493ha of allocated tailings bas insat Jacaré Leste, EBESA, and the Santa Cruz corridor. Following the due diligence period, a program of percussion drilling has continued. Two rigs are currently in operation and a program of metallurgical test work is progressing. The joint-venture partners, Cooper Santa, have allocated additional tailings basins under the mining services agreement, expanding the total area of allocated tailings now to 1,261 ha(Fig | |
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