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San Marco Announces Results of Phase I Drilling and Ongoing Joint Venture Exploration at the Chunibas Copper-Silver Project, Sonora, Mexico
San Marco Announces Results of Phase I Drilling and Ongoing Joint Venture Exploration at t...
About this update from Sun Summit Minerals Corp.
[{"type":"text","content":"\n\n\n\nSan Marco Announces Results of Phase I Drilling and Ongoing Joint Venture Exploration at the Chunibas Copper-Silver Project, Sonora, Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnml120{\nMARGIN-LEFT:10.00em\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 17, 2019\n\n\n\nVANCOUVER, Jan. 17, 2019 /CNW/ - San Marco Resources Inc. (SMN: TSX-V) (\"San Marco\" or the \"Company\") announces that Phase 1 exploration drilling results from its 100% owned Chunibas copper/silver project, located in Sonora State, Mexico (the \"Project\") have been received. San Marco and a wholly-owned subsidiary of Antofagasta plc (\"Antofagasta\") have entered into an earn-in agreement to jointly explore and drill test several copper-silver rich mineralized targets mapped on surface. Antofagasta is funding all activities during the Phase I exploration program, to a maximum of US$700,000.\nInitial results from the program confirm the existence of a typical copper-silver \"Manto-Type\" system. This initial program consisted of approximately 1,640 metres of diamond drilling distributed over 7 shallow drill holes. Five holes tested 1.2 km of the NW-SE striking mineralized corridor, whilst the remaining two holes tested approximately 400m width along one NE - SW section perpendicular to the corridor.\nThe initial drill campaign achieved and confirmed the down-dip and along strike continuity of alteration, mineralization and receptive rock units mapped on surface. Highlights of the mineralized intervals are as follows:\nDrill hole CHD18-05: 7.45 meters @ 0.1% Cu and 2.3 g/ton Ag 22 meters @ 0.05% Cu and 0.7 g/ton Ag \nDrill hole CHD18-06: 3.0 meters @ 0.08% Cu and 0.6 g/ton Ag Drill hole CHD18-07: 6.0 meters @ 0.06% Cu and 0.3 g/ton AgSan Marco CEO Christian Grijalva stated: \"We are pleased that Phase I drill results have confirmed the existence of a copper mineralized system and provided useful third dimension data to assist in vectoring towards the source of mineralization, and potentially higher-grade copper zones. The Company's go...