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Meridian Mining eyeing tin potential at flagship asset

Tuesday, November 29, 2016 8:17
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(Before It's News)

Third quarter results for Cancana Resources were the last before it merged with its joint venture partner to become Meridian Mining Societas Europæa (CVE:MNO).

As such, the numbers were not particularly meaningful, but for the record, the company posted a net loss of C$551,585 for the first nine months of the year, versus a loss of US$2.15mln the year before.

At Meridian’s flagship project, the Brazil Manganese Corp, ground geophysical programs are scheduled to recommence before the end of the year to optimise target selection for thickened vein zones for the manganese trenching and drilling program.

The pan-concentrate multi-commodity program will continue to be expanded to define full extent of anomalies, the company said.

Infill soil sampling will be conducted to enhance target definition in known gold anomalous areas for follow-up trenching and, eventually, drilling.

“Once the gold program has advanced, the multi-commodity team will refocus on the evaluation of the tin potential within its licences and regionally. The state of Rondonia has been a significant producer of tin,” the company noted. 

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