Announcement Date: 2022-11-21
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Marimaca Copper Corp.
Project name: Marimaca
Location: Chile
Commodities: Copper
Highlight: Drilling results incl. 118m at 0.78% Cu from 24m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia, November 21, 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 reported are for a total of 7,102m across 35 reverse circulation (“RC”) drill holes. The drilling intersected two higher grade green oxide zones located in the northern, Atahualpa, sector of the Marimaca Oxide Deposit (the “MOD”). Green oxides typically have higher acid solubilities and expected higher recoveries based on the results of the various phases of comprehensive metallurgical testing completed. Results from the 7,102m released today were received post the data cut-off for the 2022 Interim Mineral Resource Estimate (“MRE”) (see press release dated October 13, 2022) and will be captured in the updated MRE planned for Q1 2023. The Atahualpa sector, forming the northern extent of the MOD, was previously considered to be host to dominantly lower grade green and black oxide mineralization and today’s results highlight the potential for the definition of additional high-grade centers, similar to that found in the south-central MOD (see Figure 2). Marimaca will host an Exploration Webinar and Live Q&A with Sergio Rivera, Vice President Exploration and Hayden Locke, President & CEO to discuss the takeaways
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