Meridian Mining UK Societas reported multiple strong drill results from the Cabatal gold-copper VMS deposit, where the latest infill drilling continues to define strong coherent layers of high-grade gold, copper and silver mineralization from Cabatal's Northwest Extension (CNWE). Results include 26.8m @ 1.6g/t AuEq from 72.7m including 4.5m @ 5.3g/t AuEq from 95.0m (CD-210); 25.0m @ 1.2 g/t AuEq from 37.0m including 2.6m @ 7.9g/t AuEq from 41.0m (CD-211), and 35.1m @ 1.0g/t AuEq from 47.1m including 3.3m @ 7.6g/t AuEq from 78.8m (CD-216). These results continue to strengthen Cabatal's open-pit potential and enhance opportunities for a high grade starter pit; further assays are pending.

Drilling at Cabatal continues to focus on extending and infilling the multiple higher-grade zones of the deposit which will be targeted for early development. Today's results continue to build on the recommended 25mx25m infill drill pattern for the CNWE's starter zone study area. CD-210 retuned 71.5m @ 0.8g/t AuEq (0.5 g/t Au, 0.2% Cu & 0.7g/t Ag) from 28.0m depth, including 26.8m @ 1.6g/t AuEq (0.9g/t Au, 0.5% Cu & 1.6g/t Ag) from 72.7m, including 4.5m @ 5.3g/t AuEq (4.4g/t Au, 0.7% Cu & 2.7g/t Ag) from 95.0m.

The hole is positioned 25m down-dip from CD-101, which retuned 36.2m @ 1.3g/t Au, 0.2% Cu & 0.9g/t Ag from 54.6m including 7.8m @ 5.4g/t Au, 0.6% Cu & 1.8g/t Ag from 83.0m[1], and up-dip from CD-187, which returned 25.3m @ 0.8g/t Au, 0.1% Cu & 0.4g/t Ag from 15.0m[2]. CD-207, a further hole down-dip from CD-187, has retuned 46.2m @ 0.6g/t AuEq (0.4g/t Au, 0.2% Cu & 0.4g/t Ag) from 9.0m, including 10.0m @ 1.7g/t AuEq (1.7g/t Au, 0.1% Cu & 0.1g/t Ag) from 33.0m. Further on-section drilling is required to constrain grade up- and down-dip.

The results continue to highlight the wide footprint of mineralization easily accessible to open-pit development. Another strong result delivered from recent drilling in the starter pit study area includes CD-216, which returned 35.1m @ 1.0g/t AuEq (0.7g/t Au, 0.2% Cu & 0.5g/t Ag) from 47.0m, including 3.3m @ 7.6g/t AuEq (6.0g/t Au, 1.1% Cu & 2.5g/t Ag) from 78.8m. The result is 25m up-dip from CD-100, which returned 50.8m @ 0.8g/t Au 0.5% Cu & 1.3g/t Ag from 41.9m, including 15m @ 1.3g/t Au, 1.0% Cu & 2.5g/t Ag from 75.2m[3].

The CD-216 result is much stronger than results immediately along strike (CD-1053, CD-189[4]), highlighting the importance of the 25x25m closure pattern. Additional drilling is being programed to test the shallow up-dip potential from this position.