- Marimaca Copper’s (MARI) announced the results from the remaining drill holes completed to test the extensions of mineralization below the Marimaca Oxide Deposit
- The company believes tests may have positive implications for the future leachable Mineral Resource Estimate
- Drilling of a nine-hole program at the Cindy Target has commenced
- The company remains on track to test all targets by the end of the first half of 2021
- Marimaca Copper is unchanged on the day, with shares of the company trading at C$5.00 at 2:41 pm ET
Marimaca Copper (MARI) announced the results from the drilling completed to test the extensions of mineralization below the Marimaca Oxide Deposit.
“These results indicate that the oxide / mixed mineralization zone of the MOD is not closed off and, in fact, extends quite significantly at depth and along strike, presenting an opportunity to materially increase the size of the leachable resource for the MOD. The mineralization intersected in the current drilling is predominantly mixed oxide and secondary sulphide with minor chalcopyrite. We are currently completing full sequential copper analysis to define the leaching potential of this material,” said Marimaca VP of Exploration Sergio Rivera.
Marimaca Copper is unchanged on the day, with shares of the company trading at C$5.00 at 2:41 pm ET.