Marifil Mines Commences NI 43-101 Technical Report and Updates San Roque Progress

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[{"type":"text","content":" VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) -- Marifil Mines Limited (TSXV: MFM) (OTC: MFMLF) (“Marifil” or the “Company”) announces it has commenced work on generating a National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report (the “Technical Report”) with a mineral resource estimation for the Company’s San Roque property (“San Roque” or, the “Property”).  The Property contains a polymetallic mineral deposit containing gold as the principal economic commodity with significant values of silver, indium, lead and zinc. San Roque is a district scale project comprising 37,055 hectares of mine rights, of which 9,449 are perfected for exploitation (referred to as “Pertinencias”) and private royalty free claims, located near the Atlantic coast in the Province of Rio Negro, Argentina.  The Property is held by Minas San Roque S.A., which is jointly owned by the Company’s wholly-owned subsidiary Marifil Mines S.A. (51%) and NOVAGOLD RESOURCES INC.’s (TSX: NG) (“NovaGold”) wholly-owned subsidiary, NovaGold Argentina Inc. (49%).  The Company currently acts as project operator for the Property. To prepare the Technical Report, the Company has retained the services of Tetra Tech Canada Inc. (“Tetra Tech”).  Tetra Tech is a prominent, global consulting firm with a reputation for high quality scientific and engineering work.  In addition to the production of the Technical Report, the proposed scope of work includes a site visit for the collection of independent samples, data verification, the development of a geological model and the development of a resource estimate.  The Company expects the Technical Report to be completed and publicized next fiscal quarter. Last year, the Company completed the latest of a series of drilling campaigns on the Property.  The results of that work are presented in a report entitled “San Roque Project 2018 Drilling Program” dated December, 2018, which is now posted on the Company’s website: www.marifilmines.com.  This latest round of drilling brings the total number of exploration drill holes on the Property to 112 totaling 16,683 meters of drillings. Of these drill holes, 11 are of reverse circulation drilling and 101 are of diamond core drilling, which generates higher quality sampling d...

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