| Announcement Date: | 2022-09-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Marimaca Copper Corp. |
| Project name: | Marimaca |
| Location: | Chile |
| Commodities: | Copper |
| Highlight: | Drilling results incl. 332m @ 0.44% Cu from 36m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia, September 7, 2022 – Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce further results from the 2022 infill and extensional drilling campaign at the Marimaca Oxide Deposit (the “MOD”). Results reflect a total of 6,130m across 31 drill holes. The drilling intersected mineralization in-line with the current geological interpretation of the MOD. Drilling in the south-east zone of the MOD, on trend with the Sierra and Sorpresa satellite targets, continues to demonstrate extensions to green-oxide rich mineralization beyond the previously interpreted limits of the 2019 Mineral Resource Estimate (“MRE”). Copper oxide mineralization also remains open to the east of the MOD. Hole MAR-158 was drilled on a ~150m step-out from the eastern pit limits and intersected continuations of shallow green oxide mineralization. Drilling on the western boundary of the MOD confirmed limits of copper oxide mineralization with lower-grade intersections of thinning mineralization. In the central MOD, hole MAR-65Ext intersected extensions of higher-grade mineralization into the MAMIX zone. Geological interpretation and resource modelling is currently underway ahead of the planned 2022 Mineral Resource Update (“MRE”) expected in late Q3. The 2022 MRE will capture drilling data completed up to June 30th, 2022, with the balance of the infill drilling (targeting conversion to Measured and Indicated Resource categories) to be captured in a subsequent MRE planned for early 2023. |
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