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Marimaca Copper: First Drill Hole Intersects Broad Zone of Sulphide Copper Mineralization at Marimaca
VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce th
About this update from Marimaca Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce the assay results of the first drill hole of a five-hole program targeting extensions of sulphide mineralization below the Company’s flagship Marimaca Oxide Deposit (“MOD”). Drilling encountered a broad zone of chalcopyrite and minor chalcocite, indicating potential for economic sulphide mineralization. Highlights Drill hole MAR-125 intersected 116m (expected approximate true width) at an average grade of 0.51% CuT from 162m, including two higher grade zones of: 20m with an average grade of 0.77% CuT from 162m; and 42m with an average grade of 0.92% CuT from 236m. Intersection represents a significantly broader zone of mineralization than anticipated from earlier, nearby, sulphide drilling intersections First drill hole of an initial five-hole campaign to test for extensions of mineralization at depth First hole designed to extend mineralization closer to sulphide zones identified in historical drilling Remaining four holes designed to test the limits of mineralization with step outs of approximately 300m at depth and between 400m and 700m along strike to the north and south of the first hole Sulphide drilling to be completed shortly, with assay results on remaining holes expected by the end of April 2021 In response to escalating COVID situation in Chile, the Company has initiated a break in drilling which is not expected to impact the original target of testing all identified targets by the end of 1H 2021. Sergio Rivera, VP Exploration of Marimaca Copper, commented: “The results of the first hole of this initial campaign are extremely pleasing, exceeding both the widths and grades we had projected for this zone based on earlier drilling completed nearby. The broad intercept of chalcopyrite mineralization shows good continuity downhole, with potentially economic grades, especially at the bottom of the intercept. “The drilling has also provided additional geological information, which we are using to refine our understanding of the controls of mineralization and to inform future drillhole locations, targeting mineralized extensions at depth and along strike. “The next four holes are significant step outs from the known mineralized zones outside of the Mineral Resource...