Marimaca Copper Corp. Expands High-Grade Copper Resource
Significant Progress at Pampa Medina
Marimaca Copper Corp. (TSX:MARI, ASX:MC2) has recently announced exciting developments regarding its Pampa Medina deposit. This site is witnessing substantial mineralization progress, showcasing high-grade sediment-hosted manto-style copper deposits. With new drill results indicating a 300-meter extension to the west from previous intersections, the exploration narrative is becoming increasingly favorable.
Latest Drilling Highlights
The recent drilling, specifically hole SMRD-16, has confirmed the substantial quantity of high-grade copper available in the area. Over a total drilled length of 850 meters, the drill intersected various notable intervals, including:
- 70 meters of 1.0% copper from 434 meters depth, including a significant 10 meters of 4.2% copper starting at 438 meters.
- 116 meters of 0.61% copper from 516 meters, along with several notable intervals containing higher grades.
- 50 meters of 0.53% copper beginning at 744 meters, showcasing a consistent presence of copper throughout the deposit.
The results underscore a rich stratigraphic sequence defined by interbedded sandstone, shale, and conglomerate units that host high-grade mineralization in widths exceeding previous expectations.
Exploration Strategy and Future Direction
Looking ahead, Marimaca Copper is committed to advancing its drilling programs across the expansive 1.2 km by 1.2 km area that currently defines the Pampa Medina deposit while preparing for potential expansions. The exploration model suggests a broader, mineral-rich environment that remains open to further definition.
North and West Extensions
Future drilling campaigns are primarily focused on the north and west extensions of the current mineralization zone. Sergio Rivera, VP Exploration of Marimaca Copper, has expressed confidence in the continuity of mineralization based on the results thus far. The company sees significant potential to discover additional high-grade zones beyond the already established limits.
Infrastructure and Economic Considerations
Proximity to existing mining infrastructure boosts Pampa Medina's development potential. It is situated close to major operations, including the Marimaca Oxide Deposit and other key mining facilities, which eases logistical challenges associated with development. The low-altitude and flat terrain further enhance the site's suitability for large-scale mining operations.
Mineralization Characteristics
Pampa Medina is characterized by its unique sediment-hosted mineralization, which features a combination of oxide and sulphide minerals. The initial identified mineralization consists primarily of atacamite and other copper oxides, with deeper drilling revealing higher-grade sulphide-bearing minerals such as chalcopyrite and bornite. The presence of these minerals indicates a vast potential for further resource growth.
Company Goals and Moving Forward
Marimaca Copper remains dedicated to establishing itself as a significant producer within the copper segment. With the anticipated release of detailed feasibility studies concerning the Marimaca Oxide Deposit, alongside continued drilling at Pampa Medina, the strategic focus is set on maximizing both cathode production and mine longevity.
Conclusion
The ongoing developments at Pampa Medina reaffirm Marimaca Copper's position in the burgeoning copper market. By combining promising exploration results with strategic future drilling and operational considerations, the company is paving the way for transformative growth in the copper sector.
Frequently Asked Questions
What are the latest drilling results from Pampa Medina?
The latest results include significant intersections of high-grade copper mineralization, notably 70 meters of 1.0% copper and 10 meters of 4.2% copper in hole SMRD-16.
How does Marimaca Copper plan to expand its mineralization?
Marimaca Copper is focused on extending drilling efforts to the north and west of the existing deposit, where opportunities for additional high-grade zones abound.
What economic advantages does Pampa Medina offer?
Pampa Medina's close proximity to established infrastructure and low-altitude terrain enhances its development feasibility, which is crucial for efficient operations.
What type of mineralization is found at Pampa Medina?
The deposit features sediment-hosted copper mineralization with both oxide and sulphide components, indicating a diverse and economically viable resource.
What is the company's overall goal?
Marimaca Copper aims to establish itself as a significant copper producer by optimizing its resources at both Pampa Medina and the Marimaca Oxide Deposit, enhancing overall production capabilities.
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