- Marimaca Copper (MARI) announced the results of assays for gold and silver from hole MAD-22 at the Marimaca Project in Chile
- MAD-22 intersected over 240m of continuous mineralization from surface with a high-grade primary mineral zone at depth
- A five-hole diamond drilling program is planned, and the rig will be mobilized to follow up results of MAD-22
- Head of Corporate Development Nico Cookson met with Coreena Robertson to discuss the results
- Marimaca Copper Corp is a copper exploration company. The company’s flagship asset is the Marimaca Copper Project in Chile
- Marimaca Copper Corp (MARI) opened trading at C$3.29
Marimaca Copper (MARI) announced the results of assays for gold and silver from hole MAD-22 at the Marimaca Project in Chile.
Highlights:
- The first anomalous gold and silver identified at Marimaca coincident with higher grades of primary copper mineralization in MAD-22
- 100m of anomalous gold (majority >0.02g/t) and silver (majority >1g/t) from 140m
- 40m with an average grade of 3.74% CuT and 0.07g/t Au, and 7g/t Ag from 186m
- Represents 40m with an average grade of 3.84% CuEq1 from 186m
- MAD-22 intersected over 240m of continuous mineralization from surface with a high-grade primary mineral zone at depth including:
- Reconfirms strong association of high-grade chalcopyrite with high magnetic susceptibility
- Encountered massive chalcopyrite over an interval of 92m with an average copper grade of 2.11% CuT from 140m
- Located immediately adjacent to the eastern wall of the whittle pit limits for the October 2022 MRE, indicating potential for high-grade, open pit-able mineralization
- Indications are that mineralization relates to a second, later stage, mineralizing event when compared to the broader Marimaca Oxide Project
- A large scale magnetic anomaly previously identified is believed to be prospective for mineralization similar to the primary zone in MAD-22
- A five-hole diamond drilling program is planned, and the rig will be mobilized to follow up results of MAD-22:
- 50m to 100m step-outs from MAD-22
- The first phase tests approximately 300m of strike potential around MAD-22 with a target width of up to 300m
- Drilling will test deeper extensions below the limit of drill hole MAD-22, which terminated in mineralization
- The second phase of up to five holes based on the results of the first phase increasing tested strike length to 500m+
- Fully funded to test the exciting sulphide target
Head of Corporate Development Nico Cookson met with Coreena Robertson to discuss the results.
Marimaca Copper Corp is a copper exploration company. The company’s flagship asset is the Marimaca Copper Project in Chile’s Antofagasta region.
Marimaca Copper Corp (MARI) opened trading at C$3.29.