Meridian Minerals reports that re-examination of historic drill results at the Palijippa prospect on its Lennard Shelf project in the Kimberly region of Western Australia has identified a large inferred mineral resource of 2.62 million mt grading 5.4% zinc, 1.2% lead, and 33.6 g/mt silver above a combined 3% zinc-plus-lead cutoff. With the addition of the Palijippa resource, total mineral resources at the Lennard shelf project now stand at 10.8 million mt grading 6.9% zinc and 3.8% lead.Meridian acquired the Lennard Shelf project from an Xstrata Zinc/Teck Resources joint-venture company in August 2009. At the same time, a Chinese company, Northwest Mining and Geology Co. Ltd., committed to invest A$10.5 million in Meridian, and these funds are being used to fast track exploration and development at Lennard Shelf.The Palijippa prospect is located 1.5 km from Kapok/Kapok West mineral resources that have been the main focus of Meridian’s exploration work to date. A drilling program to test the strike and down-dip extensions at Palijippa is currently being developed and will be scheduled into the exploration program already underway elsewhere at Lennard Shelf.The mineral resource estimate for the Palijippa deposit is based on 41 diamond drill holes completed at the prospect by BHP, Western Metals, and Teck between 1983 and 2005. Meridian notes that the initial hole spacing was relatively wide and anticipates that infill drilling may discover additional mineralization between existing holes. Potential also exists to increase the resource outside of the defined mineralized domains.

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