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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 TFSAfundson Jan 20, 2021 1:11pm
150 Views
Post# 32334446

"exciting pre-drilling period" ...

"exciting pre-drilling period" ...Not sure I've ever heard the build-up to drilling as being quite that climactic. Hopefully the Company doesn't blow it's load prematurely... lol

"multi-year land access agreements are being formalized" yet later the NR states that "has formalized an exploration agreement with the owner of the property hosting the area targeted by the Cabaal resource definition program." Basically they got the Ok from ONE land owner, who will receive a massive royalty, to proceed with exploration. WOW... what an achievement!

"The Company is in the final stages of evaluation of drilling tenders" yet previously stated "granting access for multiple diamond drill rigs". This does not mean that they will actually have multiple drills running... just that they are allowed to if desired! Has this Company not been drilling here in Rondonia for at least SEVEN YEARS by now? You'd think they'd have a rolodex (lol) of drilling companies they've used by now and would know the pricing. If memory serves me, doesn't the Company even own a couple of drilling rigs down in Espigao?

"Site office, housing facilities are being established locally" isn't that just bringing in a trailer to use as a site office? Again... WOW... what masterful planning!

"Initial visit scheduled to the Federal University of Mato Grosso, which holds a collection of historical diamond drill core from the Cabaal Project;" It doesn't mention re-assaying the cores, so what good is looking at the old material? Wouldn't reviewing the original assay data suffice?

"
Digitizing of BP Mineral's and Rio Tinto's archived records progressing", amazing... they hired someone to use a digital scanner! Pretty impressive don't ya thinks???

Seriously folks... if this is the Company's idea of promotion? F'uck, are we in trouble... lol

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