Make Kitco Your Homepage

Marimaca Copper announces high grade extensions

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Marimaca Copper (TSX: MARI) said today it encountered significant extensions at depth of known copper mineralization at its Marimaca Oxide Deposit (MOD).

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.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.