- Marimaca Copper (MARI) is reporting additional high-grade results from its Marimaca Oxide Deposit in Chile
- Results stem from the Chilean company’s latest infill drilling campaign
- The company has completed 8,444 metres of drilling across 41 reverse circulation drill holes predominantly located in the northern portion of the Marimaca Oxide Deposit
- Results further improve confidence in the newly identified higher-grade centres located in the northern deposit
- Marimaca Copper is down 3.8 percent, trading at $3.03 at 1:07 p.m. EST
Marimaca Copper (MARI) is reporting additional high-grade results fro its Marimaca Oxide Deposit in Chile.
Results stem from the Chilean company’s latest infill drilling campaign.
The company has completed 8,444 metres of drilling across 41 reverse circulation drill holes predominantly located in the northern portion of the Marimaca Oxide Deposit.
Results further improve confidence in the newly identified higher-grade centres located in the northern deposit, which were intersected in previously reported drill holes.
The company remains on track to issue an updated Mineral Resources Estimate early next year.
Remaining drilling from the 2022 campaign is currently awaiting final assays and will be released ahead of the planned 2023 MRE.
“The infill drilling results from Marimaca continue to provide positive surprises, and we are very pleased with the current results, which are, once again, above the interpolated grades in the recently released MRE for the northern end of the MOD,” said VP Exploration Sergio Rivera.
“Prior to the 2022 campaign, the northern MOD represented the least-densely drilled area of the deposit and as a result, the least well-understood. The current results provide additional support to the exceptional results released on 21 November 2022 and have further improved our interpretation of the geology and confidence in the continuity of the copper mineralization. Most importantly, both sets of results demonstrate an upside to the previously interpolated grades from our 2022 MRE for the northern MOD as we prepare for our final updated resource in early 2023, which will focus on conversion of the majority of resources into the Measured and Indicated Categories.”
Marimaca Copper is down 3.8 percent, trading at $3.03 at 1:07 p.m. EST.