Source: Marimaca Copper Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Marimaca Copper Corp. (MARI) announced results from an additional 20 holes for its 2022 infill and extensional drilling campaign at the Marimaca Copper Project
  • The company intersected broad zones of copper mineralization close to surface in nearly every hole
  • Most assays showed low to average grades of copper, the best returning 1.85 per cent
  • Work focused on infilling the higher-grade central core of the Marimaca Oxide Deposit (MOD), and the MAMIX depth-extension zone
  • This drilling showed “excellent thickness” and continuity of the mineralization at the MOD
  • Marimaca Copper Corp. (MARI) is up 4.93 per cent and is trading at $3.19 per share as of 12:51 p.m. ET

Marimaca Copper (MARI) announced results from an additional 20 holes for its 2022 infill and extensional drilling campaign at the Marimaca Copper Project.

The company intersected broad zones of green copper oxide mineralization close to the surface in nearly every hole. Most assays showed low to average grades of copper with the most significant intercept returning 1.85 per cent copper.

Marimaca focused its drilling on infilling the higher-grade central core of the Marimaca Oxide Deposit (MOD) and the MAMIX depth-extension zone, which it discovered during a drilling campaign last year.

The company believes this drilling is continuing to demonstrate the “excellent thickness” and continuity of the mineralized column at the MOD.

“Results continue to be in line with our geological interpretation at the MOD, with the excellent grade and vertical continuity of the Marimaca system demonstrated again in this latest batch of results… an important de-risking milestone for Marimaca as our confidence in the ore body continues to improve,” Sergio Rivera, Vice President Exploration for Marimaca, said.

Marimaca stated its 2022 drilling campaign consisted of over 32,000 metres of planned drilling between the MOD infill and the MAMIX zone. Reportedly, both programs will go towards supporting an updated mineral resource estimate planned for later during the company’s third quarter.

Marimaca Copper Corp. (MARI) is up 4.93 per cent and is trading at $3.19 per share as of 12:51 p.m. ET.

More From The Market Herald
Brixton Metals - CEO, Gary Thompson (left).

" Brixton Metals (TSXV:BBB) reports copper results from Thorn Gold’s Camp Creek target

Brixton Metals (BBB) released the latest results from its Thorn Gold Project in British Columbia.

" Your one-stop-shop supplier for the critical energy metals market

As demand rises and supply falls, battery and energy metals stocks are becoming more critical.

" Alpha Lithium (TSXV:ALLI) releases initial results from Hombre Muerto Salar

Alpha Lithium (ALLI) completed a Vertical Electrical Sounding (VES) campaign across a portion of its Salar del Hombre Muerto project.

" Silver One (TSXV:SVE) soars on standout intercepts

Silver One (SVE) has reported reverse circulation drilling results from the Candelaria Project in Nevada.