Marimaca Copper announces high grade extensions
The company was up 19% to $4.45. The Marimaca copper project, which encompasses the MOD, is located in northern Chile near Antofagasta.
Sergio Rivera, VP Exploration of Marimaca Copper, said all three conceptual exploration targets drilled yielding shallow oxide materials.
"The depth extensions below the MOD continue to highlight the mineralizing system is potentially significantly larger than currently defined and we remain excited about the grades and widths of mineralization over an area extending approximately 400m by 350m with extensions up to nearly 300m downhole," said Rivera.
"Robles also provides another target for follow-up work, complementing the recent discoveries at Cindy and Mercedes, where we continue to target delineating shallow, oxide, resources to form part of the future mine plans in the MOD development. 2021 has been an exceptional year on the exploration front, with all three conceptual exploration targets drilled yielding shallow oxide materials, as well as a significant, higher grade, extensions at depth below the MOD.”