Califórnia, Eduardo Mendes & Calça
Frouxato be brought into production
LONDON,
Sept. 10, 2018
/CNW/ - Meridian Mining SE (TSXV: MNO) ("Meridian" or
the"Company") today announced that it has been granted a Guia de
Utilização permit No. GU nº 19/2018 (the "GU") by the National
Department of Mineral Production ("DNPM"), valid until
19th of May 2020, Fig
1.The GU allows for the extraction 6,000t of Mn oxide concentrate
per annum fromthe exploration license that covers the Califórnia /
Eduardo Mendes/ Calça Frouxa prospects. These prospects have been
partially mined for colluvialmaterial in the past. Via the GU, the
remaining colluvial and vein material maynow be
extracted.
The prospective areas forcolluvial and saprolite vein Mn
oxide mineralisation are also centred on the existing pre-screening
facility at the Califórnia prospect. To further reduce cost, a
second pre-screening plant will be mobilised to the Eduardo Mendes
area.
Mr Clark, Interim CEO & President, states, "The
Espigão team has achieved a great result in opening up another key
area for extraction. Located in the northeast of the Espigão
Project, the Califórnia material once extracted will be first
pre-screened on site. This results in a ~75% reduction in the
volume of material to be trucked to the plants and then processed;
for the same volume of concentrate. The Company is now moving
towards 100% pre-screening of all manganese material
mined.
Qualified person
The technical informationabout the Company's exploration
activity has been prepared under the supervision of and verified by
Dr. Adrian McArthur (B.Sc. Hons,
PhD. FAusIMM),the Chief Geologist of Meridian Mining, who is a
"qualified person" within the meaning of National Instrument
43-101.
On behalf of the Board of Directors of Meridian Mining
SE
Gilbert Clark
Interim CEO, President andDirector
ABOUT MERIDIAN
Meridian Mining SE is focused on the acquisition,
exploration, development and mining activities in Brazil. The
Company is currently focused on exploring and developing theEspigão
manganese and gold projects, the Bom Futuro tin JV area, and
adjacent areas in the state of Rondônia. Meridian is currently
producing high grade manganese at its project located at Espigão do
Oeste.
Further information can befound at
www.meridianmining.co
FORWARD-LOOKING STATEMENTS
Some statements in this newsrelease contain
forward-looking information or forward-looking statements for the
purposes of applicable securities laws. These statements
include, among others, statements with respect to the Company's
plans for exploration and development of its properties and
potential mineralization. These statement saddress future
events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from any future results,performance or achievements expressed or
implied by the statements. Such risk factors include, among
others, failure to obtain regulatory approvals, failure to complete
anticipated transactions, the timing and success of future
exploration and development activities, exploration and development
risks,title matters, inability to obtain any required third party
consents, operating hazards, metal prices, political and economic
factors, competitive factors,general economic conditions,
relationships with strategic partners,governmental regulation and
supervision, seasonality, technological change,industry practices
and one-time events. In making the forward-looking
statements, the Company has applied several material assumptions
including, but not limited to, the assumptions that: (1) the
proposed exploration and development of mineral projects will
proceed as planned; (2) market fundamentals will result in
sustained metals and minerals prices and (3) any additional
financing needed will be available on reasonable terms. The
Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise
required by applicable securities legislation.
The Company cautions that it has not completed any
feasibility studies on any of its mineral properties, and no
mineral reserve estimate has been established. In particular,
because the Company's production decision relating to Meridian
Mineraçao Jaburi S.A,manganese project is not based upon a
feasibility study of mineral reserves,the economic and technical
viability of the Espigão manganese project has notbeen
established.
The TSX Venture Exchange has neither approved nor
disapproved the contents of this news release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
definedin the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Meridian Mining S.E.
