Proactiveinvestors recommends

Zeta Petroleum aims to rapidly commercialise advanced Romanian gas assets
Syrah Resources intersects 288m of graphite at Balama, brings forward target date for maiden Resource
Kentor Gold impresses with 53.5m at 1.08% copper at Jervois in the Northern Territory

Additional Information

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

1 year chart

1 day chart

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 hits high grade lead and zinc at Kapok West prospect

Thursday, May 20, 2010

Meridian Minerals (ASX: MII) has reported assay results from a further 14 diamond drill holes drilled at the Kapok West prospect, on the Lennard Shelf Project in Western Australia, with high grade lead and zinc mineralisation being defined.

Infill drilling has intersected stacked lenses of high grade, up to 30.5% combined lead and zinc, mineralisation in the core of the Kapok West mineral resource (currently an Inferred mineral resource of 2.5Mt @ 3.1% Zn, 6.3% Pb and 13.0g/t Ag, above a combined 3% zinc plus lead cutoff).

Three stacked lenses of zinc and lead mineralisation have been intersected in all 3 holes drilled to date on section 12,996E with mineralisation intersected over a maximum vertical depth of 87m.

To date 52 drill holes have been completed at the Kapok West prospect and of these, 31 holes are classified as infill holes and 21 as extensional drill holes.

Results from 8 extensional and 6 infill holes released today include: 5.0m @ 30.5% Pb+Zn in KW10-049 (Infill); 23.0m @ 11.3% Pb+Zn in KW10-049 (Infill); and 14.0m @ 9.8% Pb+Zn in KW10-047 (Infill).

Of these 14 holes, the company said 8 were drilled with the objective of extending the currently defined Kapok West mineral resource and 6 holes were drilled as part of an infill drill program.

In addition, the objective of the infill diamond drill program is to increase the confidence level in the size and grade of the Kapok West mineral resource.

Following the conclusion of the infill drill program, the company anticipates that a portion of the mineral resource will be able to be classified as Indicated in accordance with the guidelines of the JORC Code (2004).

Meridian’s Managing Director, Jeremy Read, said that Meridian is very encouraged with the results from the Kapok West drill program and in particular the infill drilling part of the program, which has recently produced some thick and very high grade lead-zinc intersections.

“Today we have announced our highest ever grade intersection, of 30.5% lead+zinc, over a downhole 5m interval,” Read said.

“Our infill drilling is defining a series of 3 stacked lenses of lead and zinc mineralisation, towards the middle of the Kapok West mineral resource, with the bottom lens being 21-23m thick near the basal contact with the Emanuel Shale.”

“Further drilling will be conducted to determine the lateral extent of this thicker lens of mineralisation, but it is very encouraging to intersect such thicknesses of lead and zinc mineralisation,” he added.

The Kapok West infill drill program will comprise a total of 39 holes, including the 6 holes for which results are being announced today. Results from 30 holes have now been released.

Meridian said a 3 week break to the Kapok West drilling program has just ended and drilling is now continuing at Kapok West.

The company anticipates that the infill and extensional drilling at Kapok West will be concluded by the end of June 2010.

Meridian is aiming to release the next batch of Kapok West drill results by mid June.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.