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Be the first with the news that moves the market- Marimaca Copper (MARI) has commenced early exploration work, ahead of its upcoming drill program at the Marimaca Copper District in Chile
- the company has already begun an induced polarisation survey at the site’s previously identified sulphide mineralisation, with results expected sometime in December
- Further exploration will outline downhole magnetic susceptibility surrounding the Marimaca Sulphide Target, with results from expected as early as late October
- Other induced polarisation surveys will also define the site’s Mercedes, Cindy, Llanos and Emilia targets
- Marimaca Copper (MARI) is up 2.03 per cent and is trading at C$3.52 per share
Marimaca Copper (MARI) has commenced early exploration work, ahead of its upcoming drill program at the Marimaca Copper District in Chile.
Following up on two magnetic surveys on the property back in July, the planned exploration will focus on several new areas of interest to refine targets ready for drilling to commence early next year.
To help define the targets, the company has already begun an induced polarisation survey at the site’s previously identified sulphide mineralisation, with results expected sometime in December. Other induced polarisation surveys will also define the site’s Mercedes, Cindy, Llanos and Emilia targets.
Further exploration will outline downhole magnetic susceptibility surrounding the Marimaca Sulphide Target, with results from expected as early as late October.
Hayden Locke, President of Marimaca Copper, commented on the upcoming work at the company’s flagship project.
“Our team of geologists, led by Sergio Rivera, has wasted no time in commencing the next phase of field work, which will help us to further refine the highest priority targets for drilling as soon as possible.
“Although COVID-19 is yet to have an impact on our operations, we continue to be cautious in our approach to these work programs to ensure we mitigate risk of shutdown,” he said.
Hayden went on to say that the company was in the final phase of permitting for the project’s upcoming drill programs, which will begin with the Marimaca Sulphide Target.
The news follows an eventful year-to-date for the company, which changed its named from Coro Mining back in May to reflect its focus on the flagship asset.
Marimaca Copper (MARI) is up 2.03 per cent and is trading at C$3.52 per share at 1:37pm EDT.
