Marimaca Copper announces high grade extensions
(Kitco News) - Marimaca Copper (TSX: MARI) said today it encounteredsignificant extensions at depth of known copper mineralization at its MarimacaOxide Deposit (MOD).
The company was up 19% to $4.45. The Marimaca copperproject, which encompasses the MOD, is located in northern Chile nearAntofagasta.
Sergio Rivera, VP Exploration of Marimaca Copper, said allthree conceptual exploration targets drilled yielding shallow oxide materials.
"The depth extensions below the MOD continue to highlightthe mineralizing system is potentially significantly larger than currentlydefined and we remain excited about the grades and widths of mineralizationover an area extending approximately 400m by 350m with extensions up to nearly300m downhole," said Rivera.
"Robles also provides another target for follow-up work,complementing the recent discoveries at Cindy and Mercedes, where we continueto target delineating shallow, oxide, resources to form part of the future mineplans in the MOD development. 2021 has been an exceptional year on theexploration front, with all three conceptual exploration targets drilledyielding shallow oxide materials, as well as a significant, higher grade,extensions at depth below the MOD.”
By Michael McCraeFor Kitco News
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