– as you read this, remember that last week, the MDEQ pulled back their
preliminary approval for Kennecott’s Eagle Project! That doesn’t
mean that the prospecting and exploration (described below) will stop, but it’s
hopefully not going to be so easy to get permits as these mining companies seem
to be assuming.
Meridian Announces Launch of 2007 Field Program
- March 2, 2007) - Prime Meridian Resources Corp (TSX VENTURE:PMR)
("Prime Meridian") is pleased to announce the beginning of its 2007
magmatic nickel-copper massive sulfide and Iron Oxide Copper Gold
("IOCG") exploration programs.
Field crews from Geophysique TMC, Val d' Or, Quebec are enroute to Michigan to
conduct ground surveys to precisely locate each airborne geophysical target
to position the drill hole collars. The crews will establish and survey grids
over all of the Company's high priority drill targets developed since January
1, 2000 from a combination of electromagnetic, magnetic and gravity airborne
surveys and ground reconnaissance exploration.
Drilling is planned to begin in mid-March when the first drill rig is
scheduled to arrive. Drilling will continue throughout 2007 when Prime
Meridian expects to drill the priority targets described in the 43-101
reports and the additional targets being developed on Company lands by
ongoing field geology, geophysical survey work, and land acquisitions.
Prime Meridian has been encouraged by the
recent success of Kennecott-Rio Tinto's Mid-continent Rift related Eagle
Deposit located in the eastern portion of the Baraga Basin. In January 2007,
Kennecott-Rio Tinto received preliminary approval for a mine permit from the
Michigan Department of Natural Resources for mining at Eagle. During a
Society of Economic Geologists Convention in Salt Lake City a paper about the Eagle
Deposit, presented by a Kennecott employee, reported the Eagle Deposit had
5.2 million Tons of 3.67% nickel, 3.06% copper and 0.01% Cobalt.
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109 E. Grand River Ave.
Lansing, Michigan 48906
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