Marimaca
Identifies New Oxide
Target at Roble with High
Grade Rock Chip Samples
Vancouver,
British Columbia, April
22,
2021 -- InvestorsHub
NewsWire -- Marimaca Copper Corp. ("Marimaca Copper" or the
"Company") (TSX:
MARI) is
pleased to announce the definition of a new, large
scale,
copper
geochemical anomaly at the Roble Target
("Roble"),
which
it plans to drill test over the coming months. In addition,
the
first
phase of
drilling
has been completed at the
Marimaca
Sulphide Target, with all
remaining assays
expected towards the end of April 2021.
Highlights
-
Roble
Target extends
over 3km of strike
-
Strong
geochemical anomaly identified extending 1,500m by nearly
500m
-
50m x 50m
grid soil sampling completed
-
Reconnaissance
and outcrop
mapping
identified
widespread
copper oxide mineralization
-
Numerous
high-grade
rock chip samples,
including:
-
2.30%
CuT, 2.21% CuT, 1.69% CuT, 1.66% CuT, 1.54% CuT, 1.08% CuT
and 0.94%
CuT
-
Widespread
mineralization in rock chip samples above 0.1% CuT
-
Construction
of drill pads at
Roble commencing
at the
end of April for
drilling prior to the end of the first half of
2021
-
Cindy
Target drilling to commence towards the end of April
2021
-
Mercedes
Target drill pad and access infrastructure preparation underway
expected to be completed
at the
end of April 2021
-
Marimaca
Sulphide Target drilling complete, awaiting
assays
which are expected towards the end of April 2021
Sergio Rivera,
VP Exploration
of Marimaca Copper,
commented:
"The
Roble
Target
has
delivered several surprises, most notable
is the
extent of outcropping
copper
oxide mineralization, which now covers
an
area
of
over
1,500m
by nearly
500m.
The Roble Target itself extends to more than 3km of strike, of
which the most prospective area has been sampled
and mapped
and
defines a much
more extensive system than expected.
"During
our investigation work, we found historical reports suggesting that
some very shallow scout drilling had
been
completed, with one hole
intersecting
approximately
14m at
0.5% CuT
of oxide
mineralization from surface.
While
this data cannot be relied upon, it does provide us with additional
information in an area extensively
covered
by sands,
sulphate regolith
and post
mineralization gravels.
"Roble
is shaping up as a very exciting target which we intend to
drill
after
testing
the
Cindy Target, which
should occur before
the end
of the first half of 2021."
Overview of
Roble Target
Roble
is located approximately 3km
to the northeast of the Company's flagship Marimaca Oxide Deposit
("MOD"),
within
the northeast trending Roble Fault System.
This
is a
splay
off
the
regional scale
Naguayán
Fault
System,
which
itself is an
important control for mineralization at the MOD.
Roble is associated
with a
large magnetic anomaly previously
identified
in the regional, high-resolution,
drone mounted magnetics survey (refer to
announcement on 23 September 2020).
Figure
1: Map with
New Targets for Exploration Defined
by Magnetic Survey Relative
to Marimaca Oxide Deposit
The
Roble
Target
extends
along
3,000m of strike north to
south,
coincident with the magnetic anomaly previously identified and the
Roble Fault System. The Company
has completed
sampling and mapping of the northern extent, which it
considers to be the most prospective
area
and
extends
approximately 1,500m north to south with an
average width of nearly 500 meters east to west.
Notwithstanding
that the
area is extensively covered by sulphate regolith
and post
mineralization gravels, the 50m
x
50m grid soil
geochemical sampling program delineated a large-scale copper anomaly
in this
area. Follow up mapping and
reconnaissance exploration noted widespread
outcropping copper oxide mineralization
coincident with the broader copper soil anomaly.
Rock chip
sampling of the outcropping oxide mineralization highlighted
numerous areas with grades exceeding 0.1% CuT distributed across the
full 1,500m of length of the geochemical
anomaly,
with the most prospective area focused around the Nepal
sector (central
area),
which had numerous higher grade rock chip samples over an area of
approximately 500m by 500m. The Company plans to drill
the Roble Target following the
drilling of the Cindy
Target, targeting shallow
oxide mineralization.
Figure
2:
Roble
Target Plan View with Selected Rock Sample Results
Sampling
and Assay Protocol
Samples were
prepared
and assayed for copper
at Andes
Analytical Assay ("AAA"), Santiago, following
standard procedures and quality controls. The approximately 2-3 kilos
rock-chip samples were taken
from
outcrops by Marimaca Copper
personnel. The
samples were transported to the AAA preparation laboratory in
Calama. Samples were prepared using the following standard
protocol: drying, crushing to better than 80% passing -10#,
homogenizing, splitting and pulverizing a 400 g subsample to 95%
passing -200#. All samples were
assayed at AAA laboratory in
Santiago for Cu by AAS. No
standards, blanks or duplicates were employed. Pulps and sample rejects
are stored by Marimaca Copper for future reference.
Qualified
Person
The technical
information in this news release, including the information that
relates to geology, drilling and mineralization was prepared
under the supervision of, or has been reviewed by Sergio Rivera,
Vice President of Exploration, Marimaca Copper Corp, a geologist
with more than 36 years of experience and a member of the Colegio
de Geólogos de Chile and of the Institute of Mining Engineers of
Chile, and who is the Qualified Person for the purposes of NI
43-101 responsible for the design and execution of the drilling
program.
Mr. Rivera confirms that he has visited the Marimaca
Project on numerous occasions, is responsible for the
information contained in this news release and
consents to its
publication.
Contact
Information
For further
information please visit www.marimaca.com or contact:
Tavistock
+44 (0)
207 920 3150
Jos
Simson/Emily Moss
marimaca@tavistock.co.uk
Forward
Looking Statements
This
news release includes certain "forward-looking statements" under
applicable Canadian securities legislation. These statements
relate to future events or the Company's future performance,
business prospects or opportunities. Forward-looking statements
include, but are not limited to, the impact of a rebranding of the
Company, the future development and exploration potential of the
Marimaca Project. Actual future results may differ materially.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by Marimaca Copper, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors. Such
factors include, without limitation: risks related to share price
and market conditions, the inherent risks involved in the mining,
exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of
project delays or cost overruns or unanticipated excessive
operating costs and expenses, uncertainties related to the
necessity of financing, the availability of and costs of financing
needed in the future as well as those factors disclosed in the
Company's documents filed from time to time with the securities
regulators in the Provinces of British Columbia, Alberta,
Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince
Edward Island and Newfoundland and Labrador. Accordingly, readers
should not place undue reliance on forward-looking statements.
Marimaca Copper undertakes no obligation to update publicly or
otherwise revise any forward-looking statements contained herein
whether as a result of new information or future events or
otherwise, except as may be required by law.
Marimaca Copper (TSX:MARI)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Marimaca Copper (TSX:MARI)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024