Marifil Mines Recommences Drilling at Flagship Property in Argentina

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[{"type":"text","content":" VANCOUVER, British Columbia, June 06, 2018 (GLOBE NEWSWIRE) -- Marifil Mines Limited (TSXV:MFM) (\"Marifil\" or the \"Company\") is pleased to announce that following a 6-year hiatus, diamond core drilling has now resumed on the San Roque property (the \"Property\"), in the Rio Negro province of Argentina. The Property is jointly owned by Marifil’s wholly owned subsidiary Marifil Mines S.A. (51%) and NOVAGOLD RESOURCES Inc.’s (TSX:NG) wholly-owned subsidiary NovaGold Argentina Inc. (49%). Marifil will be leading as the project operator. San Roque is located near the Atlantic coast in southwestern Argentina within an area of excellent infrastructure. It is an advanced exploration stage project involving discovery of an epithermal polymetallic deposit of sulfide minerals where gold and zinc are of principal economic focus. The Property is secured by 42,320 hectares of mine rights, of which 9,449 are patented mining claims covering all known mineralization. All such mine rights are free of any non-governmental production royalties. Historical drilling on the Property totals 15,837 meters (108 holes). \"The recommencement of this drill program marks a very significant development for our Company,\" stated Robert Abenante, President and CEO of Marifil. \"The drilling at our flagship asset at San Roque has been highly anticipated by the Company and its stakeholders for many years. Positive results at San Roque have the ability to significantly increase the fundamental value of the Company and bring the Property one step closer to being considered an economic minerals deposit.\" The recommenced drilling program calls for four diamond drill holes for a total of about 800 meters. Its two-fold aim is first to further confirm the Zone 34 gold zone and, secondly, to separately expand the size of the deposit by testing a kilometer-long Induced Potential–Resistivity geophysical anomaly believed to be caused by sulfides. \"This is an exciting drilling campaign, which has the potential to vividly enhance the value perception of the Property,\" stated Richard Walters, Professional Geologist and Vice President of Marifil Mines. \"It is clear to the team of geologists that a large volume of rock is well mineralized. The depth and area limits of this mineralized material remains to be established. We suspect it to be related to a large volcan...

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