Amancaya is located 120 kilometers to the south west of the El Peñón mining operations in the Atacama Desert of Region II, Chile. The property was acquired in 2004 as part of a much larger land acqusition in the area. Reverse Circulation drilling has delineated the Central vein along 1,200 meters of strike length and 250 meters of dip length. The mineralization is classic low sulfidation epithermal consisting of trace amounts of galena and sphalerite in banded to massive quartz and chalcedony veins. Preliminary metallurgical test work consisting of CN leach studies completed on 135 kilograms of composite sample made from drill cuttings yielded gold and silver recoveries of 97% and 80% respectively. There were no optimization studies completed with the metallurgical test work.
In Sept 2007 Meridian commenced a NI-43101 report for the project. The report will be completed during the 4th quarter of 2007 and will include a mienral resource. Infill drilling will be commenced in 2008 to bring the resource to a reserve.
HIGH GRADE LOW SULPHIDATION VEIN MINERALIZATION FROM AMANCAYA