Ademir Curral and 5 other targets now
available for 2019-2020 exploration & extraction
scheduling
LONDON, Sept. 9, 2019 /CNW/ - Meridian Mining SE (TSXV:
MNO) ("Meridian" or the "Company") today announces that it has been
granted a Guia de Utilização permit No. GU nº 02/2019 (the "GU")
for its Espigão manganese project by the Agência Nacional de
Mineração ("ANM"), valid until 6th of March 2021 (Figure 1). The GU allows for the
extraction 6,000t of Manganese oxide ("MnOx") concentrate per annum
from the exploration license that covers the Ademir Curral,
Sevirino, João Sarter, Ivan Pufal,
Domicio Gerque and Antônio Gomes East targets of the Espigão
project. Some of these prospects have been partially mined for
colluvial material in the past. Thanks to approval of the final
report and granting of the GU, trial extraction of additional MnOx
mineralization can now be resumed and exploration commenced.
These prospective areas for colluvial and saprolite vein MnOx
mineralisation are also adjacent to the Rio Madeira processing
plant. It is forecasted that material extracted from the GU will be
pre-processed at Rio Madeira and then a pre-concentrate will be
trucked to the Jaburi for final up-grading.
Mr Clark, Interim CEO & President, states, "The Espigão team
has achieved a great result in opening up another key area for
extraction. In late 2018, the Espigão team was guided towards an
integrated management approach for handling the various approvals
needed to sustain production. Today the Company is able to
demonstrate this success via the timely granting of the Ademir
Curral GU."
The licence's mineral occurrences comprise colluvial and vein
style manganese oxide mineral occurrences typical of the region.
Structural trends include the WSW extension of the productive
Vitalino - Califórnia - Eduardo Mendes
Trend, which has hosted some of the larger colluvial
deposits and continues to be a focus for extraction, with a dry
screen operating in the California
area. A NW-trending structure extends from the mining lease (Lavra)
on the southern side onto the southern sector of the tenement. In
the Ademir Curral target area, the structure assumes an arcuate
trend, swinging to the north then north-east. A wider package of
veining is developed in the north-striking sector of the vein
system. The fracture pattern potentially reflects a ring-like
structure outboard of the radiometric high (Figure 2) in the centre
of the project area. Further radiometric highs occur in the
northern sector of the licence area along the 14 Abril Trend (also
known for tin mineralization along its extensions). This area
remains under evaluation. The area also incorporates an interesting
transition to more elevated base metal contents associated with the
northern vein systems. Work to develop a better understanding of
the deeper polymetallic potential of the licence area will be
incorporated into the renewed exploration program.
Qualified person
The technical information about the Company's exploration
activity has been reviewed and approved under the supervision of
and verified by Dr. Adrian McArthur
(B.Sc. Hons, PhD. FAusIMM), the Chief Geologist of Meridian Mining,
who is a "qualified person" within the meaning of National
Instrument 43-101.
On behalf of the Board of Directors of Meridian Mining SE
Gilbert Clark
Interim CEO, President and Director
gclark@meridianmining.net.br
ABOUT MERIDIAN
Meridian Mining SE is focused on the acquisition, exploration,
development and mining activities in Brazil. The Company is
currently focused on exploring and developing the Espigão manganese
and polymetallic project, the Mirante da Serra manganese project,
Ariquemes Exploration Portfolio and the Bom Futuro tin JV area, and
adjacent areas in the state of Rondônia. Meridian is currently
producing high grade manganese at its project located at Espigão do
Oeste.
Further information can be found at www.meridianmining.co.
FORWARD-LOOKING STATEMENTS
Some statements in this news release contain forward-looking
information or forward-looking statements for the purposes of
applicable securities laws. These statements include, among
others, statements with respect to the Company's plans for
exploration and development of its properties and potential
mineralization. These statements address future events and
conditions and, as such, involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the statements. Such risk factors include, among
others, failure to obtain regulatory approvals, failure to complete
anticipated transactions, the timing and success of future
exploration and development activities, exploration and development
risks, title matters, inability to obtain any required third party
consents, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions,
relationships with strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices
and one-time events. In making the forward-looking
statements, the Company has applied several material assumptions
including, but not limited to, the assumptions that: (1) the
proposed exploration and development of mineral projects will
proceed as planned; (2) market fundamentals will result in
sustained metals and minerals prices and (3) any additional
financing needed will be available on reasonable terms. The
Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise
required by applicable securities legislation.
The Company cautions that it has not completed any feasibility
studies on any of its mineral properties, and no mineral reserve
estimate has been established. In particular, because the
Company's production decision relating to Meridian Mineraçao Jaburi
S.A, manganese project is not based upon a feasibility study of
mineral reserves, the economic and technical viability of the
Espigão manganese project has not been established.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Meridian Mining S.E.
