Meridian Reports 7km Copper in Stream Anomaly at its Jauru Project, Brazil

Multiple copper-gold targets enhance regional exploration potential

LONDON, UK / ACCESSWIRE / May 14, 2024 / Meridian Mining UK. S (TSX:MNO)(Frankfurt:2MM)(Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to report on the initial reviews of the district-scale Jauru copper & gold exploration project¹ ("Jauru"), located in Mato Grosso, Brazil. Meridian's exploration licence applications for Jauru ("Figure 1") are located ~45km to the west of the Company's advanced Cabaçal copper-gold-silver VMS project ("Cabaçal"). Jauru was explored by BP Minerals ("BPM") in the 1980's via geochemical and geophysical surveys and reconnaissance drilling, and the belt is geologically analogous to Cabaçal.

The Company has been progressively and systematically evaluating Jauru's extensive historical data generated by BPM and is highly encouraged by its prospectivity. This review has highlighted a strong 7km copper stream sediment exploration target ("Figure 2"). Jauru's copper and gold geochemical anomalies are equal to or above the threshold values of Cabaçal, when it was at a similar stage of exploration. The strength and the extent of Jauru's anomalies strengthen Meridian's goal of becoming an emerging copper-gold producer via Cabaçal, with further resource growth from Santa Helena, and a pipeline of near mine and regional exploration prospects. Results reported today focus on anomalies observed in the Jauru Belt, with compilation of data ongoing.

Highlights Reported Today

• Meridian highlights strong district-scale copper-gold potential at Jauru exploration project;
  • Jauru's copper and gold anomalies equal to or above threshold values of Cabaçal;
• Meridian reports 7km copper in stream anomaly, with superimposed and offset gold anomalies;
  • Surface copper anomaly overlies prospective exhalative geological unit, wholly contained in the Company's licence applications;
• Multiple anomalies present in historic aerial magnetic-electromagnetic survey;
• Strong geological similarities apparent between Cabaçal and Jauru greenstone belts; and
• Meridian's emergence as a copper-gold company strengthens with targets defined on an expansive portfolio of development and exploration assets.

Mr. Gilbert Clark, CEO, comments: "Once again, Meridian has been able to leverage off the historical BPM investment in exploration and create highly prospective copper-gold targets for future advancement, this time with the Jauru Belt. Having a 7km copper anomaly already defined with a larger footprint, and equal to or above threshold values than the original stream copper-gold anomaly at Cabaçal, is encouraging, and a solid foundation from which to launch our future exploration in the region. Our primary focus is on executing the Cabaçal mine's near-term development, then initial growth via Santa Helena and the mine corridor. Our ultimate goal is for the Company to be an emerging copper-gold producer and developer with a pipeline of high-quality projects like Jauru."

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