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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

Comment by palfryvilleon Sep 19, 2021 6:59pm
130 Views
Post# 33885002

RE:Any talk about adding drill rigs

RE:Any talk about adding drill rigs

Gilbert did address this and indicated that he is open to ramping up but..... only after covid has been brought under control.  They are comfortable with the three rigs turning now and are able to keep the crews safe and somewhat isolated.  Ramping up would bring greater risk than what they are comfortable with right now.  

He gave the example of bringing in several more rigs with their attendant crews.  If an outbreak would then happen it would shut "everything" down for a prolonged period of time.  He spoke often and at length of managing risk, be that shareholder risk, staffing risk or risk to the Option deal on Cabacal.  

I really got the impression that he is boots deep with shareholders and is proactively looking at each piece of the puzzle first and foremost from a risk mitigation perspective (which was his previous role in Sentient)

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