The data release has supported the prospectivity of the Company's regional tin portfolio. The CPRM study highlights geophysical signatures consistent with the tin-bearing granite series within the Company's project area. Broad-spaced stream sediment samples within the licence area also have returned positive indicators of cassiterite and in places gold, in pan concentrates form the local drainage system. Together the geophysical and geochemical datasets reinforce the Company's view that a prospective exploration opportunity exists, targeting anomalies extending under areas of shallow cover from the known mineralized centres.
The highlights of the CPRM research program's results
Multiple tin anomalies identified across the Ariquemes tin exploration portfolio (Fig 1); The tenements have coverage over the prospective
The CPRM's recent studies in the
The CPRM review is timely, with Meridian having consolidated its land position in the Ariquemes district with new applications1 . The CPRM review area spans the majority of the Company's project position. The CPRM's findings were launched at a symposium in Porto Velho (
Gold and cassiterite were detected in pan-concentrates from a CPRM stream-sediment sampling program. The sampling was conducted at very broad spacings (points kilometres apart). The responses are at trace levels, but are considered significant in showing mineralized sources
The distinctive magnetic signature of tin-bearing granite series extends beyond areas of exposure and projects beneath younger cover sediments. A broad envelop of interest occupied by clusters of favourable magnetic anomalies has been defined.
Tin Portfolio corporate re-organisation
The Company currently manages all of its Brazilian assets in one local 100% owned subsidiary Meridian Mineracao Jaburi S.A ('MMJ'). The Brazilian operations are now being re-structured on a portfolio basis. As part of this process the entire tin portfolio, (JV agreements and exploration titles) is in the process of being transferred out of MMJ an into a new Brazilian corporate shell. This will facilitate management of the portfolio and have a clear separation between the Company's portfolio of assets.
ABOUT MERIDIAN
FORWARD-LOOKING STATEMENTS
Some statements in this presentation contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company's plans for exploration, development and exploitation of its properties and potential mineralisation. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating risks and hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and onetime events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration, development and exploitation of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. Geophysical exploration targets are preliminary in nature and not conclusive evidence of the likelihood of a mineral deposit. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
The Company cautions that it has not completed any feasibility studies on any of its mineral properties, and no mineral reserve estimate or mineral resource estimate has been established. In particular, because the Company's production decision relating to Meridian Mineracao Jaburi S.A, manganese project is not based upon a feasibility study of mineral reserves, the economic and technical viability of the Espigao manganese project has not been established.
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