- Atalaya Mining PLC (AYM) has provided an update on the ongoing exploration program at its projects in Spain
- This includes the Proyecto Masa Valverde (PMV), Proyecto Ossa Morena (POM), and Proyecto Riotinto East (PRE) projects
- The new Mojarra Trend at PMV had an intersection of high-grade silver and trace amounts of zinc, copper, and lead
- The Hinchona prospect at POM results showed trace amounts of copper, silver, and cobalt
- The company expects the initial drilling at PRE to begin soon
- Atalaya Mining PLC (AYM) is up 3.56 per cent trading at $4.66 per share as of 2:06 p.m. EST
Atalaya Mining PLC (AYM) has provided an update on the ongoing exploration program at its projects in Spain.
This update includes the Proyecto Masa Valverde (PMV), Proyecto Ossa Morena (POM), and Proyecto Riotinto East (PRE) projects. Four rigs are currently active, with three at PMV and one at POM.
The company has seen indications of a new discovery, the Mojarra Trend, on PMV with an intersection of high-grade silver and trace amounts of zinc, copper, and lead in a previously untested area.
Also, the project’s Masa Valverde deposit discovered a new high-grade zinc zone which remains open laterally.
The Campanario Trend at PMV resource definition drilling encountered new zones of shallow polymetallic mineralization. The holes are west and east of the historical Campanario mine, where previous drilling defined shallow higher-grade zones.
Additional drilling around the historical Campanario mine confirmed the lateral and up-dip continuity of the previously defined mineralization.
The Hinchona copper-gold prospect at POM showed initial results from a four-hole campaign which included an intersection with trace amounts of copper, silver, and cobalt.
As for the PRE project, the company expects the initial drilling to begin soon.
Alberto Lavandeira, CEO of Atalaya, commented,
“Exploration will remain a key activity for Atalaya in 2023. Our exploration budget is expected to reflect our geological team’s recent successes and the growing list of targets across our exploration portfolio.”
Atalaya Mining PLC (AYM) is up 3.56 per cent trading at $4.66 per share as of 2:06 p.m. EST.