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Market:	ASX
Sector:	Gold Mining
EPIC:	MII
Latest Price:	0.00 (0.00%)
52-week High:	0.14
52-week Low:	0.09

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Meridian Minerals

Meridian Minerals (ASX: MII) is a Brisbane-based diverse mineral resource company. MII has compiled a high quality portfolio of pre-production development and exploration properties in Australia. The company’s flagship project, the Lennard Shelf Zinc-Lead Project, is located in one of the world’s premier Mississippi Valley Type zinc-lead provinces, the Kimberley region of Western Australia.

Meridian Minerals Commences Drilling on the Lennard Shelf Zinc Project

Monday, November 23, 2009

Australian resources company Meridian Minerals (ASX: MII) has kick started drilling at the Kapok West mineral resource on the Lennard Shelf Zinc Project in Western Australia.

The Perth-based company's drill program is a key component of a feasibility study to determine if the Kapok mine can be profitably reopened and the Kapok West mineral resource put in to production.

It consists of infill drilling at Kapok West with the goal of allowing the Kapok West resource, currently an Inferred resource of 1.22Mt @ 4.3% Zn and 9% Pb at a 5% Zn cutoff, to be classified as an Indicated resource in accordance with JORC.

Extension drilling will also be completed at Kapok West, with the goal of increasing the Kapok West resource and understanding more thoroughly the link between the Kapok and Kapok West resources.

The Lennard Shelf region is one of the world’s premier Mississippi Valley Type (“MVT”) zinc-lead provinces containing pre-mining zinc-lead resources of 41 million tonnes (“Mt”) @ 7.9% zinc and 3.2% lead.

Meridian managing director Jeremy Read said the start of drilling at Kapok West marked the commencement of the Kapok/Kapok West feasibility study.

“Prior to the commencement of the drill program there has been over three months of planning and upgrading of our field operations base, so it is very satisfying to now have a drill rig onsite and running,” Mr Read said.

“Currently we have one drill rig at Kapok West and next week a second rig will commence drilling, significantly accelerating the pace of work.”

Mr Read anticipated the infill and extension drill program at Kapok West would take 4-5 months to complete, with drilling set to continue throughout the northern wet season, as much as practicable.

Initial results from the drill program should be available in late January or early February next year.

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