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San Marco Announces Drilling Has Commenced at the Chunibas Cu-Ag Project
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2018) - San Marco Resources Inc. (T...
About this update from Sun Summit Minerals Corp.
[{"type":"text","content":"San Marco Announces Drilling Has Commenced at the Chunibas Cu-Ag ProjectVancouver, British Columbia--(Newsfile Corp. - November 6, 2018) - San Marco Resources Inc. (TSXV: SMN) (\"San Marco\" or the \"Company\") announces that diamond drilling has commenced at its 100% owned Chunibas copper-silver project, located in Sonora State, Mexico (the \"Project\"). San Marco and a wholly-owned subsidiary of Antofagasta plc (\"Antofagasta\") have entered into an earn-in agreement (the \"agreement\") to jointly explore and drill test several copper-silver rich mineralized targets. For further detailed information about the \"Agreement\", please see Company's news release dated August 9th, 2018.The primary focus of this drilling will be to confirm the down-dip and along strike projections of high-grade copper-silver mineralization, as well as to test for the presence of additional mineralized mantos. The Company's recent exploration work, confirms the presence of various mineralized zones along strike and at different stratigraphic levels. This has reinforced our manto-type geological model and as a result, the drill program is designed to not only test the potential high-grade mantos, but the possibility of a significant large scale-size opportunity. An initial 1,500 metres over 6 holes is scheduled with the possibility that additional drilling may be conducted, based on initial results.San Marco CEO Christian Grijalva stated: \"We're very pleased to announce the start of a maiden drilling program at our Chunibas property. Chunibas represents a typical volcanic-hosted copper-silver stratiform system which was previously unexplored. This kind of mineralization was also previously unknown to Mexico and represents a very unique exploration endeavour. The drilling campaign will target higher-grade areas to confirm down-dip and strike extensions.\"Highlights include: The Chunibas targets are several copper-silver bearing mantos hosted in volcanic rocks. Copper rich sulphides such as bornite, chalcocite, covellite and idaite predominate, and are locally replaced by copper oxides.Recent surface work included 38 rock chip samples, of which 26% assayed greater than 1% copper and 50% greater than 0.2% copper (see news release dated January 16, 2018). The manto type mineralization occurs along a \"mineralized corridor of approximately 1.7 kilometres o...