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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 May 02, 2023 12:59pm
145 Views
Post# 35425430

Pent-up news?

Pent-up news?Now that the coffers are full, how long before we see the results of outstanding drilling assays? Will there be anything close to the last one...

With all this cash, why don't we accelerate the purchase of this project? You do realize that we have paid a sum of $300k so far towards the overall price. Now there is a chunk in escrow, but would it not make sense to transfer cheap shares now rather than post-consolidation shares if that were to occur? Why don't we secure title to the project since it appears to be a worthwhile endeavor... lol
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