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Live Webinar and Q&A today; Magnetic Survey Reveals Multiple Large Scale Marimaca Style Targets and New IOCG District Potential
VANCOUVER, British Columbia, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce it
About this update from Marimaca Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce it will host a webinar today at 11am EDT (8am Pacific; 4pm UK), following the release of the results of a high resolution, drone mounted, magnetic survey (the “Survey”) in the district surrounding the Company’s flagship Marimaca Copper Project (“Marimaca” or “the Project”) in Chile. Questions can be submitted through the webinar platform, or via email to [email protected] no later than two hours prior to the scheduled start time. To access the webinar please click on the link below:Webinar Link The Survey has identified several large-scale magnetic anomalies which the Company believes are prospective for Marimaca IOCG style deposits. Highlights Four large scale magnetic anomalies identified, believed to be prospective for Marimaca style deposits○ All similar size to or larger than the Marimaca Sulphide Target (175 million m3) All targets are adjacent to key regional structures which are believed to control mineralization at Marimaca ○ Regional structures clearly shown in magnetic survey results○ Naguayán Fault, which controls Marimaca, clearly defined over 6km strike length○ Cross cutting faults, an important mineralization control at Marimaca, noted at all targets Regional structure identified over 25km○ New ground staked and option agreements executed covering full extent of prospective structures○ Expanded magnetic surveys planned to identify additional targets for follow-up work Three smaller targets on new fault structures, proximal to successful previous shallow scout drilling campaign Potential for blind copper oxide mineralization beneath shallow gravel, as well as large scale sulphide targets Cindy, Llanos and Mercedes Targets marked by high-grade, artisanal, copper workings○ A key feature of Marimaca Improved understanding of Marimaca and its structural controls help to further refine the exploration model to target repetitions of Marimaca IOCG style mineralization Follow-up work underway including IP surveys, surface geological work and drill hole planning○ Targeting drilling the Marimaca Sulphide Target in early 2021 Sergio Rivera, VP Exploration of Marimaca Copper commented:“The clarity of the magnetic anomaly at ...