Mining Stock Daily Meridian Mining Update from Ongoing DFS-Level Drilling at Cabaçal
Jul 17, 2025
Gilbert Clark, CEO of Meridian Mining, shares insights on the Cabaçal VMS project in Brazil. He discusses recent drilling success, revealing core samples of 3.5 grams per ton gold equivalent, which enhance project confidence. The conversation dives into upcoming production plans and the transition to exploring nearby targets. Gilbert also considers the broader implications of U.S. policies on Brazilian mining markets and outlines the company's vision for future growth and shareholder value.
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Impressive Analyst Site Visit
- Meridian Mining hosted an impressive site visit for analysts and funds at the Cabaçal project with a small plane tour.
- The visitors were very impressed by the quality and active fieldwork of the asset.
Certainty Over Speculation
- DFS drilling targets maximizing certainty in deposits to build solid reserves for project finance.
- Meridian focuses on proven reserves rather than speculation, ensuring strong confidence for production.
Focused Initial Five Years Drilling
- DFS drilling focuses on the first five years of production, especially the southeast pit area with tighter drilling.
- This ensures accurate metallurgy and mine planning for financing a successful mine operation.