CABAÇAL COPPER-GOLD PROJECT
Licenses covering 50km of the 55km VMS belt and hosts two previous selective high grade underground mines
Predefined Copper-Gold-Silver VMS mineralization with high-grade gold overprint over 11km mine corridor
Cabaçal deposit is a potential open-pit standalone project. Mineralization extends over ~ 2km and remains open with near mine satellite prospects
Meridian rapidly advancing Cabaçal towards a production decision
Brazil is a Tier 1 mining jurisdiction, with recent M&A for Copper and Gold assets
Meridian's priority is on the Cabaçal project, an advanced stage VMS district scale Copper-Gold project located in the state of Mato Grosso. Our 36km Cabaçal VMS belt hosts a large historic resource, extensive geological databases, and untapped upside of exploration targets.
Discovered in 1983 by BP Minerals, hidden from the public markets until Meridian’s option agreement in 2020. Providing Meridian with an unparalleled opportunity to leverage its valuation growth using BP Minerals / Rio Tinto’s extensive 1980’s investment in exploration and resource definition programs.
Cabaçal hosts broad zones of coalescing Copper-Gold-Silver VMS 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. The Company has defined a series of wide high-grade gold veins overprinting Cabaçal’s VMS units that continues along the 11km mine corridor Southeast to the St Helena historic mine. Our expanded 15,000 meter drill program will continue to define Copper-Gold-Silver mineralization at Cabaçal, leveraging off the state-of-the-art Geophysics exploration. Cabaçal represents an advanced, 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.
Cabaçal Tenure
- Cabaçal – Mining Lease Application
- St Helena – Mining License
- Cabaçal Extensions – 7 x Exploration Licenses
- Jaurú & Araputanga belts – 7 x Exploration license
Cabaçal Cu-Au Mine
- Polymetallic VMS system Cu-Au + Ag-Zn-Pb
- Defined multiple thick shallow dipping zones of Copper-Gold plus Silver-Zinc-Lead mineralization ideal for open-pit development
- Large Historic Resource
Cabaçal Database
- 600 DDH: 70,000 metres of drilling
- 17,300 samples
- 2,800km of aerial geophysics
- 190km of ground geophysics
- 977-line kilometer of VTEM Survey
Cabaçal Cu-Au Mine
- Polymetallic VMS system Cu-Au + Ag-Zn-Pb
- Defined multiple thick shallow dipping zones of Copper-Gold plus Silver-Zinc-Lead mineralization ideal for open-pit development
- Large Historic Resource
Cabaçal Production
Historical production and excellent recoveries:
- Produced 869,279t @ 5g/t Au + 0.82% Cu over 4 years
- Historic recoveries – +90% Cu / 90% Au / +85% Ag
- Simple recovery process – Crush / Grind (110μm) / Float / Gravity
Cabaçal Program
- Drill program involves a combination of infill drilling and twin drilling to statistically validate the historic database
- Initial Drill program:
- 81 drillholes
- 10,000 m
- Expanded Drill program:
- ~15,000 m
