en.Wedoany.com Reported - Meridian Mining UK S (TSX:MNO) announced in June 2026 the discovery of a second volcanogenic massive sulfide (VMS) mineralized horizon at the Santa Helena deposit within its Cabaçal project in Mato Grosso, Brazil. This new discovery, located north and below the central resource area of Santa Helena, further expands the resource growth potential of the project and strengthens its positioning as a second core development area within the Cabaçal VMS belt.

The Santa Helena deposit is located approximately 10 kilometers southeast of the Cabaçal mining district. The newly discovered mineralized horizon contains multiple base metals including gold, silver, zinc, lead, and copper. Drill hole CD-869 returned over 7 meters of gold, silver, and base metal mineralization. Previously, in April 2025, Meridian Mining encountered shallow high-grade copper-gold-zinc-silver massive to semi-massive sulfide mineralization at the western boundary of Santa Helena. The company's CEO, Gilbert Clark, stated that the growth potential of Santa Helena, combined with the Cabaçal project, presents an exciting outlook.

Meridian Mining is a Brazil-focused mineral exploration and development company, with its flagship project Cabaçal being an advanced copper-gold-silver VMS system. Located in Mato Grosso, Brazil, the project hosts JORC-compliant resources and is currently advancing to a Definitive Feasibility Study (DFS), expected to be completed in the fourth quarter of 2026. Santa Helena is the first satellite deposit in the company's "hub-and-spoke" development strategy. In addition to Santa Helena, the company recently discovered gold and base metal mineralization at the Álamo target at the southeastern end of the Cabaçal belt.

The discovery of a second VMS mineralized horizon at Santa Helena further validates the multi-layer mineralization potential of the Cabaçal belt, providing strong support for the company's efforts to build a large-scale development platform in the region. As the 2026 exploration program progresses, including a drilling plan of up to 10,750 meters in the Cabaçal, Jauru, and Araputanga greenstone belts, the resource base in the area is expected to continue growing.

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