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San Marco Confirms Porphyry Copper-Molybdenum-Gold System at 100% Owned Espiritu SMR Project in Sonora, Mexico
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2019) - San Marco Resources Inc. (TS...
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[{"type":"text","content":"San Marco Confirms Porphyry Copper-Molybdenum-Gold System at 100% Owned Espiritu SMR Project in Sonora, MexicoVancouver, British Columbia--(Newsfile Corp. - January 8, 2019) - San Marco Resources Inc. (TSXV: SMN) (\"San Marco\" or \"the Company\") is pleased to announce it has completed a critical first phase of exploration and evaluation which confirms the existence of a porphyry copper-molybdenum-gold system at its 100% owned Espiritu SMR property in Sonora State, Mexico. In addition, work from this phase has identified previously unrecognized vectoring tools to optimize future exploration efforts toward priority target areas of potential best-grade mineralization.As part of the Phase I program, San Marco engaged renowned consulting geologist Luciano Bocanegra (see the Company's news release dated October 18, 2018) to lead the San Marco team in the reinterpretation and consolidation of all previous data from the Espiritu SMR property. Data utilized in this evaluation included geological mapping, surface rock sampling, re-logging of historical drill core and review of rock geochemical data. Results and recommendations from Mr. Bocanegra's work included:- confirmation of a multi-stage copper-moly-gold porphyry system with a minimum alteration footprint measuring 2.5 km x 1.2 km, open in multiple directions;- identification of previously unrecognized vectoring tools that can assist in targeting potential areas of best-grade mineralization to depth and buried targets under post mineral rocks;- indication that copper mineralization may be preserved at depth within the shallower part of the porphyry system(s);- confirmation that the best copper mineralization in surface and drill core samples is related to intense quartz-chalcopyrite-pyrite stockwork in potassic altered rocks; and- recommendation to conduct additional deeper penetrating geophysical surveying to assist in locating the potential source of the mineralization seen in drill holes. \"We are pleased with the results and interpretations of this first phase of work at Espiritu SMR. The important data compilation and invaluable insights from Luciano Bocanegra has confirmed the porphyry copper-moly-gold potential of the Espiritu SMR project and heightened our understanding of its ongoing exploration potential. This extensive interpretive work and recent re-mapping of the proje...