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Marimaca Copper: MAMIX Discovery Continues to Grow; MAR-19 Extended returns 420m at 0.54% CuT from Surface
VANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce the
About this update from Marimaca Copper Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce the results from the first five (6) reverse circulation (RC) drill holes, totaling 1,000m, targeting the depth extensions of the Marimaca Oxide Deposit (“MOD”) in the area known as the MAMIX Zone (see press release dated October 14 2021). Drilling was designed to step-out from the original MAMIX discovery (Exploration Target area outlined in press release January 19, 2022), as well as to commence infill drilling in some of the high-grade areas identified in previous drilling. The results have positive implications for the Mineral Resource Estimate (“MRE”) update planned for Q3 2022. Highlights MAR-19 extended intersected 420m at 0.54% CuT from surface, including the new re-entry intersection of 120m of 0.50% CuT from 300m Drilling continues to demonstrate the thickness of the mineralized column at the MOD and significant extension into the MAMIX zone Extensions identified to the south-west and south-east from the high grade central MAMIX zone Re-entry hole LAR-49Ext intersected a broad zone of higher-grade mixed copper oxides and extends MAMIX mineralization to the south-west beyond the edge of the PEA open pit LAR-49 extended intersected 292m of 0.34% CuT from 18m, including the new re-entry intersection of 90m of 0.39% from 220m Complements and extends previous results from infill drill hole LAR-87 which intersected 288m of oxide mineralization from surface including 46m of 0.41% CuT from 258m, also extending outside the PEA open pit MAR-12 Ext and MAR-34 Ext extend the MAMIX mineralization to the south-east well beyond the limits of the previously defined area of the MAMIX Zone MAR-12 extended intersected 320m at 0.30% CuT from surface, including the new re-entry intersection of 170m of 0.24% CuT from 150m, including a higher grade intersection of 42m of 0.54% from 278m MAR-34 extended intersected 224m at 0.47% CuT from 106m, including the new re-entry intersection of 60m at 0.26% from 270m including a higher-grade zone of 24m at 0.50% CuT from 306m Expected to have positive implications for MAMIX resource potential and the upcoming MRE update Re-entry depth extensions of MAR-51 Ext and MAR-26 Ext intercepted thinner, lower grade, zones interpreted to be impacted by ...