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Meridian Mining UK Societas T.MNO

Alternate Symbol(s):  MRRDF

Meridian Mining UK Societas is focused on development and exploration of the advanced stage Cabacal VMS gold-copper project, regional scale exploration of the Cabacal VMS belt and exploration in the Jauru & Araputanga Greenstone belts (the above all located in the state of Mato Grosso, Brazil). The Cabacal Project has licenses covering approximately 50 kilometers (km) of the 55 km VMS belt. The Espigao Project is located on the southwest margin of the Amazon Craton, in the western margin of the Proterozoic Rondonia-Juruena Province. The Company’s Espigao Project covers an area of 72,800 hectares. The Company holds mineral rights totaling 55,559 Ha in the Mirante da Serra Project. The licenses cover an area with an intracratonic basin in the Amazon Cratin, emplaced over crystalline basement rocks of the Jamari metamorphic complex and Mesoproterozoic Rapakivi granites. Its Ariquemes Tin Project comprises a land package in Brazil.


TSX:MNO - Post by User

Post by randys1on Feb 21, 2024 9:21am
83 Views
Post# 35890574

PFS drilling

PFS drillingWell drilling keeps providing nice results.   The steeper angle walls and potential lower strip are all good news as well.  Nice to see St. Helena and Cabascal reported seperately lately, doesn't water things down IMHO. 

Market will yawn no doubt.  PFS can't come quick enough.   It should be very good.

Better grade, more tonnes, lower strip and higher commodity prices in 5 year banking concensus all mean the PFS should be substantially higher than the PEA.   Not to mention what it might look like with spot prices in the 2nd half of the year.  Interest rates are going to come down in an election year and gold is only going one way as well as copper.

PDAC in March not too far away.  Last year the PEA came out at it.   Maybe they have another bag of tricks for us. Not sure any rabbits to pull out of the hat right now. 

Maybe Vale has bought our spinoff at 1 to 1 share swap. LOL.  Dare to dream Arnold.
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