REG - Meridian Mining plc - Meridian Announces Álamo Discovery & High Grades
14/05/2026 07:00
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RNS Number : 3221E Meridian Mining plc 14 May 2026
Meridian Announces The Discovery of Gold Mineralisation at Álamo and Reports
Further High-Grade Results From Santa Helena Central
HIGHLIGHTS:
· Meridian's exploration programme discovers new high-grade gold at
Álamo:
o CD-852 returns 3.5m @ 2.4g/t Au, 0.5% Cu, 9.5g/t Ag & 0.7% Zn from
108.9m;
o Peak gold assay of 8.8 g/t Au over 0.4m, with robust gold grades over
multiple metres;
§ Structurally hosted gold mineralisation that remains open in all directions
§ Located on the western sector of the 1.6km Álamo trend;
· Infill drill programme at Santa Helena Central returns near-surface
high-grade results:
o CD-854: 21.2m @ 1.5g/t Au, 1.2% Cu, 45.7g/t Ag & 6.0% Zn from 71.6m;
§ Incl. 10.7m @ 2.5g/t Au, 2.4% Cu, 76.7g/t Ag & 11.7% Zn from 73.0m;
o CD-853: 14.8m @ 1.5g/t Au, 1.6% Cu, 41.9g/t Ag & 5.8% Zn from 29.7m;
§ Incl. 6.9m @ 2.8g/t Au, 3.2% Cu, 78.0g/t Ag & 10.3% Zn from 32.8m;
o CD-849: 11.7m @ 2.2g/t Au, 1.8% Cu, 50.3g/t Ag & 3.9% Zn from 46.4m;
§ Incl. 5.3m @ 4.5g/t Au, 3.9% Cu, 103.7g/t Ag & 7.7% Zn from 47.4m; and
o Peak grades of 17.5 g/t Au (CD-840, 26.5 - 27.2m), 311g/t Ag (CD-847: 79.8
- 80.4m), 11.6% Cu (CD-833, 32.4 - 33.2m) and 22.1% Zn (79.8 - 80.4m) are
among the highest ever recorded at Santa Helena Central
LONDON, United Kingdom, January 20, 2026 / Newsfile / Meridian Mining plc
(LSE: MNO) (TSX: MNO) (FSE: N2E0) (Tradegate: N2E0) (OTCQX: MRRDF) ("Meridian"
or the "Company") is pleased to announce the discovery of gold and base metal
mineralisation at Álamo ("Álamo"), located at the southeastern end of the
Cabaçal Au-Cu-Ag VMS belt ("Cabaçal") and only 1km from Santa Helena's
infrastructure area (Figure 1). The exploration discovery hole, CD-852,
intersected 3.5m @ 2.4g/t Au, 0.5% Cu, 9.5g/t Ag & 0.7% Zn from 108.9m. It
represents a newly defined mineralised position, open along strike, up-dip and
down-dip, along a 1.6km Induced Polarisation ("IP") anomaly.
The Company also reports results from Santa Helena Central's resource infill
programme (Figure 1). The high-grade zones of gold-copper-silver and lead-zinc
include CD-854's high-grade core of 10.7m @ 2.5g/t Au, 2.4% Cu, 76.7g/t Ag
& 11.7% Zn from 73.0m. These results will be included in a future resource
upgrade.
Mr. Gilbert Clark, CEO, comments: "The discovery of gold at Álamo is a
tremendous result from one of our many exploration targets. The discovery
hole, CD-852, is located on the western sector of the Álamo prospect and
structurally overprints the mine sequence stratigraphy. The development of
gold-dominant intersections is an element we see at the Cabaçal deposit to
the northwest. If Álamo's success continues, it can only strengthen the
potential of realising a second operational hub at the adjacent deposit of
Santa Helena Central".
Álamo Gold Discovery
The Álamo trend represents a 1.6km eastern trend that connects to the west
with the larger Santa Helena system. Hydrothermal processes are reflected by
geophysical response with a positive chargeability anomaly (consistent with
bedrock sulphides), and peak soil responses from past historical sampling of
820 ppm Cu, 1300 ppm Zn, 3040 ppm Pb, and up to 90 gold counts (gold specks in
panned 5 litre soil sample).
CD-852's discovery represents a return to the evaluation of the opportunities
that the Álamo trend presents, with recent drilling purposefully directed
into the Santa Helena system's footwall position. In this underlying position
below and to the east of the Santa Helena Central resource, historical
drilling (JUCHD018, JUCHD014, JUCHD021) intercepted mineralisation, that
although at low levels, signalled that a fertile hydrothermal system was
present in the poorly tested lower position.
CD-852 was collared 240m from the limit of the Santa Helena Central resource
model extent, and ~230m east of the mineralised position of the historical
JUCHD021, that assayed trace level gold grades in the Santa Helena footwall
position. CD-852 passed through an interlayered sequence of mafic and felsic
meta-volcanics, and encountered multiple horizons with anomalous gold, base
metal and/or pathfinder signatures. Gold-only zones were first encountered at
48.0 - 48.3m and 62.3 - 63.1m. A zinc-lead interval from 88.1 - 93.6m with
higher Ba/Zr ratios and adjacent elevated Mo-Cd may mark an exhalative
position. Importantly, the interval from 108.9 - 112.4m returned strong
gold-silver mineralisation, with an intersection of 3.5m @ 2.4g/t Au, 0.5% Cu,
9.5g/t Ag & 0.7% Zn from 108.9m (Table 1; Figure 2). The peak gold grade
reported was 8.8g/t Au over 0.4m from 110.8m. This is the highest gold grade
encountered to date in the limited drill-testing of the Santa Helena footwall
position. The interval has elevated base metals, but is overall a low-sulphur
zone, with gold grades higher than those characteristic of the VMS-only event.
The interval occurs in a zone of Na-depletion characteristic of hydrothermal
leaching and is accompanied by an elevated pathfinder signal (Bi-Mo-Se-Cd).
The mineralised interval is interpreted to dip moderately to the southwest and
remains open.
Previously CD-431, drilled north of CD-852, returned 5.4m @ 0.4g/t Au, 27.8
g/t Ag, 0.4% Zn from 38.4m, in a shallow northerly dipping package. BHEM
surveys of CD-431 and CD-432 (NSA) identified a modelled conductor extending
over 40m+ along strike, that is the strongest BHEM response detected to date
at Santa Helena, with a high conductivity of ~4200 Siemens. This will be
tested as part of Álamo's ongoing 2026 exploration programme.
Table 1: CD-852 Álamo gold zone assay results.
Hole_id From To Interval Samp-id Cu Au Ag Zn Pb S Bi Se
pct
ppm
ppm
pct
pct
pct
ppm
ppm
CD852 108.9 109.5 0.5 CBDS126354 0.4 0.9 2.5 0.2 0.0 0.4 0.6 5
CD852 109.5 109.9 0.4 CBDS126356 0.5 0.6 12.6 0.1 0.0 0.2 2.4 5
CD852 109.9 110.5 0.6 CBDS126357 0.6 0.5 17.5 0.9 0.3 0.2 15.7 22
CD852 110.5 110.8 0.3 CBDS126358 0.7 4.9 9.7 1.2 0.3 0.2 2.6 14
CD852 110.8 111.2 0.4 CBDS126359 0.4 8.8 10.1 2.1 1.0 0.2 2.3 24
CD852 111.2 111.5 0.3 CBDS126360 0.1 4.4 11.7 1.0 0.3 0.2 4.5 11
CD852 111.5 111.9 0.4 CBDS126362 1.0 1.1 12.8 0.7 0.1 0.2 7.0 11
CD852 111.9 112.4 0.5 CBDS126363 0.0 0.2 0.2 0.0 0.0 0.3 0.1 0.5
Figure 1: Location of CD-852 drill collar on the 1.6km Álamo trend.
Figure 2: CD-852 mineralised drill core with gold grades annotated in
grams/tonne.
Whilst projecting up-dip towards the off-section CD-431 mineralisation
previously reported, the two positions are not exactly co-planar, and are
interpreted to have different dips and have slightly different geological
associations. Further drilling is being conducted to test for mineralisation
between the shallow-dipping mafic sills. CD-852 is the most easterly hole
drilled in the current campaign to date, with ongoing drilling testing for
mineralisation both along the principal Induced Polarisation chargeability
corridor and associated with the satellite Santa Helena north anomaly.
The CD-852 results provide another example of an elevated bismuth pathfinder
signal seen in association with the high-grade gold event in mineralisation of
the Cabaçal Belt. This geochemistry is seen in camps such as La Ronde -
Penna, which like the Cabaçal Belt, has a subvolcanic tonalite intrusive body
contributing to the metal associations. In the La Ronde - Penna camp, the
mineralisation can be stacked at different intervals. The Company has
previously noted that, with the Cabaçal Belt being characterised by gentle
dips, there is a significant footprint of unexplored stratigraphy between this
sub-volcanic intrusive tonalite system and the known VMS horizon to date. With
the CD-852 result, we are now increasingly confident in the opportunity for
drilling to encounter blind positions, and we look forward to testing for
extensions or repeats of the mineralisation.
Additional holes drilled in the broader region (Figure 1), include CD-762,
CD-767 and CD-825. CD-762 was the first hole into the Santa Helena Far North
chargeability response. The hole intersected a weathered mafic - metasediment
interval in the weathering zone which was anomalous in gold, bismuth and other
pathfinders (47 ppb Au; 5 ppm Bi, 356 ppm As). Assays indicated a second
meta-volcanic / meta-sediment contact at 77.7m depth was associated with a
sodium depletion zone in which the hole terminated at 85.1m. Results indicate
the chargeability response is associated with dynamic hydrothermal processes
with further work required to build exploration vectors. CD-762 was a first
hole into an area which had returned anomalous gold in rock chip float. The
hole returned grades of up to 0.4% Cu and the area is under further
evaluation. Hole CD-825 was drilled to the south and returned low levels of
Cu-Au anomalism.
Resource Development- Santa Helena Central
Further drilling has been undertaken at Santa Helena Central (Figure 3).
Recent drilling has included holes targeting unmined zones of the historical
workings, to increase the data population for comparison with historical grade
control, whilst at the same time providing further validation to the void
model.
Recent results have included:
· CD-854: 21.2m @ 1.5g/t Au, 1.2% Cu, 45.7g/t Ag & 6.0% Zn from
71.6m;
- Incl. 10.7m @ 2.5g/t Au, 2.4% Cu, 76.7g/t Ag & 11.7% Zn from 73.0m;
· CD-853: 14.8m @ 1.5g/t Au, 1.6% Cu, 41.9g/t Ag & 5.8% Zn from
29.7m;
- Incl. 6.9m @ 2.8g/t Au, 3.2% Cu, 78.0g/t Ag & 10.3% Zn from 32.8m;
· CD-849: 11.7m @ 2.2g/t Au, 1.8% Cu, 50.3g/t Ag & 3.9% Zn from
46.4m;
- Incl. 5.3m @ 4.5g/t Au, 3.9% Cu, 103.7g/t Ag & 7.7% Zn from 47.4m;
· CD-847: 20.2m @ 0.9g/t Au, 1.3% Cu, 49.3g/t Ag & 9.7% Zn from
54.2m;
- Incl. 12.3m @ 1.2g/t Au, 1.8% Cu, 70.5g/t Ag & 13.3% Zn from 59.8m;
· CD-855: 22.0m @ 0.6g/t Au, 0.6% Cu, 25.8g/t Ag & 2.6% Zn from
31.0m;
- Incl. 14.8m @ 0.8g/t Au, 0.8% Cu, 37.5g/t Ag & 3.7% Zn from 34.7m;
· CD-845: 13.5m @ 1.1g/t Au, 1.0% Cu, 48.9g/t Ag & 6.4% Zn from
77.5m;
- Incl. 9.9m @ 1.4g/t Au, 1.3% Cu, 64.8g/t Ag & 8.6% Zn from 77.8m;
· CD-840: 13.2m @ 1.3g/t Au, 0.3% Cu, 22.9g/t Ag & 1.2% Zn from
21.0m;
- Incl. 2.1m @ 7.8g/t Au, 1.1% Cu, 120.4g/t Ag & 5.8% Zn from 25.6m.
Figure 3: Santa Helena Central - recent highlights.
Several holes terminated in voids (CD-858, CD-866, CD-849). Further results
are pending and will be used to update the statistical comparison with grade
control data. Peak grades encountered from the recent programme include 17.5
g/t Au (CD-840, 26.5 - 27.2m), 311g/t Ag (CD-847: 79.8 - 80.4m), 11.6% Cu
(CD-833, 32.4 - 33.2m), and 22.1% Zn (CD-847, 79.8 - 80.4m). This compares to
peak historical grade control data values of 16.2g/t Au (CAN-109, 0.0 - 1.1m),
210 g/t Ag (CAN-109: 0.0 - 1.1m), 7.7% Cu (FP-31: 0 - 1.5m), 32.8% Zn (M-63:
0.0 - 1.0m).
The Company will also be assessing the potential to increase gold recovery in
the primary zone through further metallurgical studies at SGS Lakefield, with
a programme to be initiated shortly, and continues to engage with the state
environmental agency, SEMA, for environmental licensing of the Santa Helena
region.
Technical Notes
Drill core samples have been analysed at ALS laboratory in Lima, Peru. Samples
are dried, crushed with 70% passing 85% passing 200µm. Routine gold analyses
have been conducted by Au‐AA24 (fire assay of a 50g charge with AAS finish).
High‐grade samples (>10g/t Au) are repeated with a gravimetric finish
(Au‐GRA22), and base metal analysis by methods ME-ICP61 and OG62 (four acid
digest with ICP-AES finish). Visible gold intervals are sampled by metallic
screen fire assay method Au‐SCR21. Samples are held in the Company's secure
facilities until dispatched and delivered by staff and commercial couriers to
the laboratory. Pulps and coarse rejects are retained and returned to the
Company for storage. The Company submits a range of quality control samples,
including blanks and gold and polymetallic standards supplied by Rocklabs,
ITAK and OREAS, supplementing laboratory quality control procedures.
Approximately 5% of archived samples are sent for umpire laboratory analysis,
including any lots exhibiting QAQC outliers after discussion with the
laboratory. In BP Minerals sampling, gold was analysed historically by fire
assay and base metals by three acid digest and ICP finish at the Nomos
laboratory in Rio de Janeiro. Silver was analysed by aqua regia digest with an
atomic absorption finish. True width is considered to be 85-95% of
intersection width. Assay figures and intervals are rounded to 1 decimal
place.
Induced polarization surveys have been conducted by the Company's in-house
team utilizing its GDD GRx8-16c receiver and 5000W-2400-15A transmitter.
Results are sent daily for processing and quality control to the Company's
consultancy, Core Geophysics. Geophysical and geochemical exploration targets
are preliminary in nature and not conclusive evidence of the likelihood of a
mineral deposit.
Qualified Person Statement
Mr. Erich Marques, B.Sc., FAIG, Chief Geologist of Meridian Mining and a
Qualified Person as defined by National Instrument 43-101, has reviewed,
verified and approved the technical information in this news release.
About Meridian
Meridian Mining is focused on:
• The development and exploration of the advanced stage Cabaçal
VMS gold‐copper project;
• Expanding the initial resource inventory at in the Santa Helena area
through extension of Santa Helena Central, and new discoveries;
• Regional scale exploration of the Cabaçal VMS Belt to expand
the Cabaçal Hub strategy; and
• Exploration in the Jauru & Araputanga Greenstone Belts (the
above all located in the State of Mato Grosso, Brazil).
The Pre-feasibility Study technical report (the "PFS Technical Report") dated
March 31, 2025, entitled: "Cabaçal Gold-Copper Project NI 43-101 Technical
Report and Pre-feasibility Study" outlines a base case after-tax NPV5 of USD
984 million and 61.2% IRR from a pre-production capital cost of USD 248
million, leading to capital repayment in 17 months (assuming metals price
scenario of USD 2,119 per ounces of gold, USD 4.16 per pound of copper, and
USD 26.89 per ounce of silver). Cabaçal has a low All-in-Sustaining-Cost of
USD 742 per ounce gold equivalent & production profile of 141,000-ounce
gold equivalent life of mine, driven by high metallurgical recovery, a low
life-of-mine strip ratio of 2.3:1, and the low operating cost environment of
Brazil.
The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves
of 41.7 million tonnes at 0.63g/t gold, 0.44% copper and 1.64g/t silver (at a
0.25 g/t gold equivalent cut-off grade).
Readers are encouraged to read the PFS Technical Report in its entirety. The
PFS Technical Report may be found under the Company's profile on SEDAR+
at www.sedarplus.ca (http://www.sedarplus.ca/) and on the Company's website
at www.meridianmining.co (http://www.meridianmining.co)
The PFS Technical Report was prepared for the Company by Tommaso Roberto
Raponi (P. Eng), Principal Metallurgist with Ausenco Engineering Canada ULC;
Scott Elfen (P. E.), Global Lead Geotechnical and Civil Services with Ausenco
Engineering Canada ULC; John Anthony McCartney, C.Geol., Ausenco Chile Ltda.;
Porfirio Cabaleiro Rodriguez (Engineer Geologist FAIG), of GE21 Consultoria
Mineral; Leonardo Soares (BSc Geo, MAIG), Senior Geological Consultant of GE21
Consultoria Mineral; Norman Lotter (Mineral Processing Engineer; P.Eng.), of
Flowsheets Metallurgical Consulting Inc.; and, Juliano Felix de Lima (Engineer
Geologist MAIG), of GE21 Consultoria Mineral.
On behalf of the Board of Directors of Meridian Mining plc
Mr. Gilbert Clark - CEO and Director
Meridian Mining plc
8th Floor, 4 More London Riverside
London SE1 2AU
United Kingdom
Email: info@meridianmining.co (mailto:info@meridianmining.co)
Ph: +44 (0) 203 930 3145 (GMT)
Media Enquiries:
Gareth Tredway / Saskia Sizen
Tel: +44 (0) 207 920 3150
Email: meridianmining@tavistock.co.uk (mailto:meridianmining@tavistock.co.uk)
Stay up to date by subscribing for news alerts here:
https://meridianmining.co/contact/ (https://meridianmining.co/contact/)
Follow Meridian on X: https://X.com/MeridianMining
(https://X.com/MeridianMining)
Further information can be found at: www.meridianmining.co
(http://www.meridianmining.co)
Cautionary Statement on Forward-Looking Information
Some statements in this news release contain forward-looking information or
forward-looking statements for the purposes of applicable securities laws.
These statements address future events and conditions and so involve inherent
risks and uncertainties, as disclosed under the heading "Risk Factors" in
Meridian's most recent Annual Information Form filed on www.sedarplus.ca
(http://www.sedarplus.ca) . While these factors and assumptions are considered
reasonable by Meridian, in light of management's experience and perception of
current conditions and expected developments, Meridian can give no assurance
that such expectations will prove to be correct. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be required
by applicable securities laws, Meridian disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events, or results or otherwise.
Table 1: Assay Results - Santa Helena
Hole-id Dip Azi EOH Zone Int Au Cu Ag Zn Pb From
(m)
(m)
(g/t)
(%)
(g/t)
(%)
(%)
(m)
CD-858 -85 004 44.8 SHM Concluded in Mining Void
3.7 1.5 1.1 47.9 4.7 1.0 38.0
Including 1.1 3.6 3.7 126.2 14.4 2.9 40.6
CD-855 -85 175 76.3 SHM
22.0 0.6 0.6 25.8 2.6 0.5 31.0
Including 14.8 0.8 0.8 37.5 3.7 0.7 34.7
Including 7.3 0.9 0.9 46.5 5.5 1.0 34.7
Including 1.2 1.8 2.3 106.9 11.6 1.9 40.5
Including 1.7 1.8 2.6 91.2 5.6 0.8 46.4
3.2 0.0 0.0 1.2 0.4 0.2 55.5
5.4 0.0 0.0 1.3 0.5 0.1 61.5
CD-854 -68 086 108.2 SHM
21.2 1.5 1.2 45.7 6.0 0.9 71.6
Including 10.7 2.5 2.4 76.7 11.7 1.5 73.0
Including 1.6 5.6 3.9 116.4 12.1 1.6 75.1
2.4 0.0 0.1 2.0 0.7 0.1 97.0
CD-853 -83 009 70.3
14.8 1.5 1.6 41.9 5.8 0.8 29.7
Including 8.7 2.4 2.8 67.5 9.2 1.3 32.8
Including 6.9 2.8 3.2 78.0 10.3 1.4 32.8
5.7 0.0 0.0 2.4 1.1 0.1 49.5
0.5 0.2 0.0 0.4 0.0 0.0 60.1
CD-850 -87 018 97.7 SHM
15.0 1.3 0.7 41.4 3.5 0.8 75.4
Including 8.6 2.2 1.3 69.0 5.4 1.2 78.0
Including 5.0 2.5 2.0 74.2 9.0 1.5 78.4
Including 1.1 6.2 3.4 139.3 8.2 1.1 81.0
CD-849 -80 188 76.1 SHM
11.7 2.2 1.8 50.3 3.9 0.6 46.4
Including 5.3 4.5 3.9 103.7 7.7 1.2 47.4
4.9 0.0 0.0 1.8 1.1 0.1 60.9
0.9 0.1 0.1 2.7 2.0 0.0 70.4
CD-847 -72 036 131.5 SHM
20.2 0.9 1.3 49.3 9.7 1.3 54.2
Including 12.3 1.2 1.8 70.5 13.3 1.8 59.8
7.5 0.3 0.0 38.8 2.8 1.0 78.4
Including 0.8 1.3 0.1 275.6 20.0 7.7 79.8
1.6 0.4 0.1 15.5 1.6 0.3 88.4
2.9 0.0 0.0 1.1 0.8 0.1 93.6
1.1 0.3 0.0 8.9 0.1 0.2 114.0
CD-845 -89 000 114.2 SHM
13.5 1.1 1.0 48.9 6.4 0.9 77.5
Including 9.9 1.4 1.3 64.8 8.6 1.3 77.8
Including 6.5 1.6 2.0 78.6 13.1 1.7 77.8
2.8 0.0 0.0 1.8 0.5 0.1 97.2
1.6 0.4 0.0 15.2 0.1 0.2 104.4
CD-844 -86 187 87.1 SHM
2.5 0.0 0.0 0.9 0.2 0.2 65.5
8.7 0.3 0.3 12.1 2.1 0.3 75.3
Including 0.8 3.1 3.3 102.0 16.7 2.1 76.0
CD-843 -87 011 97.3 SHM
0.3 0.0 0.0 4.5 0.4 0.2 53.5
0.7 0.0 0.0 1.7 0.4 0.1 66.9
2.4 0.7 1.0 36.3 2.1 0.7 79.3
3.2 0.0 0.0 1.2 1.4 0.0 87.7
CD-840 -21 035 100.2 SHM
13.2 1.3 0.3 22.9 1.2 0.3 21.0
Including 2.1 7.8 1.1 120.4 5.8 1.4 25.6
Including 1.3 12.5 1.2 142.3 6.9 1.3 25.9
2.6 0.2 0.0 5.0 0.3 0.1 38.4
0.7 0.4 0.0 0.1 0.0 0.0 43.9
CD-839 -70 035 70.1 SHM
15.4 0.2 0.1 11.6 2.4 0.4 22.8
Including 4.3 0.5 0.3 35.9 7.4 1.4 28.9
1.5 0.1 0.0 4.3 0.7 0.3 42.5
6.8 0.2 0.0 14.9 0.7 0.2 47.7
CD-834 -75 213 35.1 SHM
2.3 0.7 0.3 5.5 0.3 0.9 0.0
6.1 0.0 0.1 4.6 0.4 0.1 17.0
0.5 0.1 0.1 4.2 0.2 0.2 26.6
1.1 0.6 0.0 1.3 0.1 0.1 30.1
CD-833 -20 035 122.2 SHM
6.0 0.0 0.1 2.2 0.7 0.1 10.5
21.2 1.0 0.7 17.8 0.3 0.2 24.9
Including 5.1 4.0 2.1 66.6 0.6 0.5 28.7
Including 0.8 16.1 11.6 228.0 1.6 1.5 32.4
3.0 0.0 0.0 0.9 0.5 0.0 50.2
1.5 0.2 0.0 3.8 0.7 0.2 58.6
1.0 0.0 0.0 1.7 0.4 0.1 64.0
0.5 0.5 0.0 0.4 0.0 0.0 88.7
5.4 0.0 0.0 0.6 0.2 0.1 96.6
CD-831 -40 265 64.0 SHM
6.7 0.1 0.1 6.1 0.6 0.5 11.0
5.1 0.1 0.2 16.7 0.6 0.6 21.7
0.5 0.5 0.0 12.3 0.4 0.2 32.7
8.0 0.3 0.0 9.0 0.5 0.3 40.7
CD-830 -60 217 55.4 SHM
2.0 0.0 0.1 1.4 0.2 0.0 12.4
8.9 0.7 0.7 13.8 1.6 0.2 17.7
Including 1.6 3.1 3.9 62.1 7.0 0.9 21.6
0.5 0.1 0.1 11.9 0.9 0.8 31.4
2.1 0.3 0.0 2.9 0.4 0.3 35.0
0.6 0.3 0.0 0.5 0.0 0.0 41.2
CD-827 -59 034 74.8 SHM
0.9 0.0 0.0 1.0 0.7 0.0 18.2
0.6 0.0 0.0 2.1 0.3 0.2 22.0
0.5 0.4 0.0 0.1 0.0 0.0 40.3
2.6 1.4 1.0 32.0 1.4 0.3 45.4
8.8 0.1 0.0 5.8 0.9 0.2 52.2
1.4 0.2 0.1 10.7 2.1 0.6 64.5
CD-824 -74 214 65.0 SHM
1.0 0.0 0.1 1.6 0.6 0.0 19.0
3.0 0.0 0.0 0.6 0.3 0.0 26.0
8.3 0.7 0.4 11.7 1.9 0.3 32.1
Including 2.9 1.4 0.6 19.0 3.5 0.6 37.1
Including 1.1 2.7 1.2 38.3 6.6 1.0 37.1
1.0 0.2 0.0 5.9 0.3 0.2 43.0
5.0 0.1 0.0 2.1 0.9 0.1 47.0
3.0 0.8 0.0 9.8 0.7 0.5 55.0
Table 1: Assay Results - Santa Helena Near-Mine Exploration
Hole-id Dip Azi EOH Zone Int Au Cu Ag Zn From
(m)
(g/t)
(%)
(g/t)
(%)
(m)
CD-852 -60 045 270.6 Alamo
3.5 2.4 0.5 9.5 0.7 108.9
Including 1.1 6.3 0.4 10.4 1.5 110.5
CD-825 -71 213 106.5 SH South
1.3 0.0 0.4 1.7 0.0 22.9
6.5 0.0 0.1 0.3 0.0 26.4
0.6 0.0 0.1 0.5 0.0 57.2
6.7 0.0 0.2 0.6 0.0 72.0
CD-819 46 181 129.9 Sucuri
0.4 0.0 0.2 1.1 0.0 89.9
1.9 0.0 0.1 1.0 0.1 93.2
0.7 0.0 0.1 2.2 0.3 98.1
CD-816 45 182 106.0 Sucuri
2.0 0.1 0.4 4.9 0.0 25.3
Including 1.1 0.2 0.7 8.8 0.0 25.3
0.5 0.0 0.1 1.1 0.0 34.9
0.7 0.0 0.1 0.5 0.0 83.5
3.7 0.1 0.2 1.9 0.2 99.1
Including 0.5 0.2 0.8 9.4 0.4 101.4
CD-795 21 215 150.0 Sucuri NSI
CD-767 -44 030 85.1 Alamo NSI
CD-762 -80 028 90.1 Alamo
3.3 0.0 0.2 2.6 0.1 34.3
1.7 0.1 0.0 0.5 0.2 48.0
0.7 0.1 0.0 0.2 0.0 51.2
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