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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 FreddieSanfordon Oct 21, 2021 9:51am
102 Views
Post# 34032016

RE:Nice move so far this morning

RE:Nice move so far this morningGodfather ... the better play would have been to wait to have the high grade visible gold assay in hand ... halt the stock ... and then put out those numbers plus the broader update.

Would have popped to $1.50 at least that way. Why the rush to do this update when you had the blueprint and ingredients to really make it pop huge in a matter of another week or so with rushed assays.

Not that the jump today is nothing ... but it would have been much bigger had they rolled it out with the halt on assay route.

I don't think a halt is warranted now even when you get the assay.
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