Re-emergence of the Cabaçal Copper-Gold VMS Camp in Brazil
2021 10km Drill program in process with 3 rigs on site

Meridian Mining

Meridian Mining is focused on becoming the next mid-tier Copper-Gold developer and producer with a focus on Brazil. The Company’s priority is on the Cabaçal project, an advanced stage VMS district scale Cu-Au project located in the state of Mato Grosso, discovered in 1983 by BP Minerals. The 36km Cabaçal VMS belt hosts a large historic resource, and two historic high-grade selective underground mines. The Cabaçal Central resource contains broad zones of coalescing Cu-Au mineralization starting from shallow depths containing high-grade internals layers with top percentile metallurgical recoveries. Cabaçal Central’s mineralization remains open beyond ~175 meters below surface and currently extends 2,000 meters along strike. Meridian’s initial 10,000 meter drill program involved a combination of infill and twin drilling to statistically validate the BP Minerals / Rio Tinto database. The new drill program will continue this process of verification, and also expand along the rest of the belt leveraging the state-of-the-art Geophysics exploration. Cabaçal represents a low risk, pre-defined Copper-Gold investment opportunity, with the Cabaçal Central providing a standalone open pit resource development project to drive the camp scale expansion.