Morning Briefing: Meridian sees shallow potential
Welcome to Mining Stock Daily. Standing in for Trevor Hall, I’m Paul Harris.
Today is Monday November 21st.
Trevor is flying back from Deutsche Gold Messe in Europe and so I am taking the reins today.
We don’t have a precious metals market review today so we will go straight into a word from today’s sponsor before we get to the news.
This episode of Mining Stock Daily is brought to you by… Integra Resources.
Integra Resources is advancing the past-producing DeLamar Project in southwestern Idaho. The Company has continued to demonstrate resource growth and conversion through greenfield and brownfield exploration to further de-risk and advance the project towards permitting. Integra Resources trades on the TSX-V under ITR and the NYSE American under ITRG.
And here’s what you need to know this morning….
Meridian Mining reported further assays from drilling at the Cabaçal gold‐copper VMS deposit in Brazil. Highlights included 54.9m grading 2.1g/t Au, 0.1% Cu & 0.5g/t Ag in hole 205 from 12.3m depth including 26.5m grading 4.2g/t Au, 0.1% Cu & 0.2g/t Ag within Cabaçal’s Northwest Extension. The company said this hole confirms that the shallowest horizons of the Cabaçal resource area host strong potential for further gold‐copper mineralization and were not adequately assayed or tested via historical drilling. The company also confirmed a new shallow high‐grade mineral trend outside the Cabaçal resource limits with hole 193. Meridian Mining trades on the TSX under MNO and on the OTCQB under MRRDF. News release
GR Silver Mining announced additional surface drilling results in the Southeast Area silver discovery at its Plomosas project, in Sinaloa, Mexico. The four new holes represent extensions along strike or down dip. Highlights from the San Marcial SE Area included 14.1m grading 186g/t Ag in hole 17 including 20cm grading 6,405g/t Ag, 0.12 g/t Au, 10.1% Pb and 17.9% Zn, while hole 20 included the first ever visible gold occurrence at San Marcial within a quartz vein. GR Silver expects to complete three more drill holes in the SE Area prior to the December cut-off date for data to be incorporated into the geological model for a resource update expected in the March quarter of 2023. GR Silver Mining trades on the TSXV under GRSL and on the OTCQB under GRSLF. News release
Tinka Resources has hit its highest-grade intercept ever with infill drilling at its Ayawilca zinc project in Cajamarca, Peru. The company reported four new holes with results including 44.9m grading 12% zinc at West Ayawilca including 16.1m at 22.2% zinc. The company has five holes of the current nine-hole programme pending. The company said the four holes reported were drilled within the existing resource boundaries and will improve the geological knowledge and confidence of the West Ayawilca zinc zone, in particular the distribution of the high-grade zinc sulphide mineralization. Drilling continues with two rigs targeting West Ayawilca and South Ayawilca. Tinka Resources trades on the (TSXV under TK and on the OTCQB under TKRFF. News release
Marimaca Copper announced more drill results from its infill and extensional drilling campaign at the Marimaca Oxide Deposit in Chile. Reverse circulation drilling intersected two higher grade green oxide zones located in the northern, Atahualpa, sector. The company said green oxides typically have higher acid solubilities and expected higher recoveries based on the results of metallurgical testing. It said the Atahualpa sector, forming the northern extent of the MOD, was previously considered to be host to dominantly lower grade green and black oxide mineralization and today’s results highlight the potential for the definition of additional high-grade centers. Marimaca Copper trades on the TSX under MARI. News release
The Mining Stock Daily morning briefing is produced by Clear Creek Digital and Investment Research Dynamic’s Mining Stock Journal. It is distributed throughout the world through your podcast network of choice, and by our friends at the Junior Mining Network.
The information presented should not be considered investment advice. Mining stock daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein. Please do your own research or speak with a licensed financial representative before making any investment decisions.