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Western Metallica Resources Announces Initial Drill Results From Its Nueva Celti Copper Project
TORONTO, April 17, 2023 (GLOBE NEWSWIRE) -- Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to report on the res
About this update from Western Metallica Resources Corp.
[{"type":"text","content":" TORONTO, April 17, 2023 (GLOBE NEWSWIRE) -- Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to report on the results of the first hole drilled at the Company’s 100% owned Nueva Celti Project, a past producing copper mine with significant exploration potential, located in the southernmost region of Spain. Nueva Celti is a highly prospective project that spans 1,250 hectares with an additional 5,100 hectares in the process of being secured to the East of the known mineralization with the application of the Retortillo investigation permit. The project is located in the Ossa Morena geological province in Andalusia, positioned in a region where copper mineralization has been recognized since ancient times. The Nueva Celti Project has now been prioritized by the Company as a strategic exploration project due to these initial results demonstrating comparability to the vast amounts of regional and historical data, as well as past production of commercial grade copper with high quality infrastructure on and adjacent to the property. Western Metallica recently launched a diamond drilling program aimed at validating the grades and confirming the geology interpreted compiling the historical information from the ‘Asturiana de Zinc’, Glencore, drilling program. Refer to Figure 2 for the location, and Table 2 for the details, of the planned holes that will be executed across two different phases totaling approximately 3,000 metres. The drilling program will target the ore bodies below the historical mine levels with the aim of proving the continuity of the ore bodies at depth for at least 400 metres, and for more than 400 metres on strike. Furthermore, the Company has planned the execution of both gravimetric and magnetic ground geophysical surveys aimed at broadening the target area and immediately generating further drill targets. The Company is financed to complete this program and a substantially larger program with approximately CAD $4.7 million in the treasury. The results from the first hole, NCDD001, have confirmed the presence of the ore bodies reported by the ‘Asturian de Zinc’, Glencore drilling program, as well as intersected other shallower and deeper mineralized zones (refer to Table 1) with total widths and grades comparable with the historical results. The control on mineralizati...