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Meridian Mining SE
Summary
| Project: | Bom Futuro JV | |
|---|---|---|
| Deposit: | Bom Futuro Hill | |
| Location: | Brazil | |
| Commodities: | Tin | |
| Date: | 4/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-4-2017: Meridian Mining SE announces an Exploration/Drilling Update report for its Bom Futuro Hill deposit at the Bom Futuro JV project. Drilling results incl. 88.04m @ 0.24% Sn from 53.3m. Meridian Mining S.E. (TSX V: MNO) ("Meridian" or the "Company" | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Adrian McArthur (Internal) | |
| ABSTRACT: | Meridian Mining S.E. (TSX V: 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 northwestern Brazil. "Results from our early programs have reinforced our belief that modern exploration techniques will uncover a range of exciting new opportunities in the Bom Futuro District," said Anthony Julien, President and CEO of Meridian. "We are continuing to engage with our Joint Venture Partners Coopersanta over development options in the Central Area based on the strength of these results, and will be expanding our geophysical targeting programs more broadly through the licence area as a near-term priority." The Company is extending the scope of its metallurgical testwork program to include a review of the primary mineralization in conjunction with its tailing studies." Eight holes tested the Bom Futuro Hill, an area of ~1 km2 where concentric ring structures dip moderately outwards around a central breccia pipe. These veins structures sit in a "roof pendant" setting, within a body of gneissic host rocks believed to overlie an untested source intrusion at depth (Figure 1). Three holes also tested the Palanqueta Granite, an intrusive body located to the immediate northeast. Based on descriptions of the historical workings and the level of endowment, the Company believes that increased drilling may result in better delineation of thickened high-grade zones amenable to underground mining, and identification of clustered vein arrays amenable to lower-grade open pit mining. | |
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