Meridian Mining UK Societas reported further strong drill results from its resource delineation program at the Santa Helena Au-Cu-Ag & Zn VMS deposit. Drilling has intercepted multiple bands of shallow mineralization highlighted by CD-421's 11.3m @ 3.7g/t AuEq1 from 35.0m, including 3.4m @ 8.6g/t AuEq from 42.9m. CD-421's high-grade mineralization projects outside of the modelled limits of Santa Helena's Exploration Target announced in December 20232, strengthening the upside potential that Santa Helena's drill results have delineated.

This extends the focus of Santa Helena's open pitable resource delineation corridor to 1.6km, requiring further infill drilling while yet still remaining open to the east. Drilling programs continue at the Cabacal Project with further results pending. Santa Helena's open pit target corridor expanded to over 1.6km but still remains open to the east; VMS system confirmed to extend outwards past historical mine's limits by 580m; CD-431 returns 5.4m @ 0.7g/t Au Eq from 38.4m; and Results confirm that Santa Helena 3km mine horizon's IP anomaly remains only partially tested and remains open.

Santa Helena is a historical Cu-Au-Ag & Zn V MS mine located ~9km to the southeast of the Cabacal Mine. It has over 10,000m of historical drilling and is the most advanced of a series of exploration targets along the Cabacal Mine Corridor. The Company commenced initial drilling in August 20234 as part of a verification program, to validate the historical mine's data in line with NI43-101 requirements, and to initiate scout drilling of targets for resource extensions defined by geophysics and coincident geochemical anomalies.

The Company's compilation of historical drill data indicated that many past holes were not completely sampled, that reconciliation of surveyed drilled positions and mine workings (and records), indicated that the high-grade massive sulphide mineralization was only partially mined, and that extensions of near-surface mineralization to the east were also not integrated into the historical resource calculations. The Company has completed thirty holes for 1730m to date. Initial results from holes drilled along the main trend for resource verification and resource extension were very positive.

The latest results have continued to define mineralization up-dip and south of the historical resource limits and confirmed that the eastern sector of the trend remains open. CD-421 was drilled to test the continuity of up-dip mineralization on the southern flank of the deposit. Further geophysical work is being conducted to refine targets in this eastern corridor and remains in progress, with a Fixed Loop Transient Electromagnetic Survey in progress (FLTEM) to supplement the existing IP dataset.

Anomalies are expected to be quite subtle, given the limited conductivity of sulphides in the presence of sphalerite, but potentially more copper-rich targets may have enhanced conductivity.