Marimaca Announces Significant Increase in Mineral Resources at the Marimaca Copper Project
VANCOUVER, British Columbia, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for the Marimaca Oxide Deposit (the “MOD” or the “Project”) located in the Antofagasta region of northern Chile. The 2022 MRE demonstrates significant resource growth over the 2019 MRE and marks an important step-change in the scale of the Project, supporting a potential production rate higher than proposed in the Preliminary Economic Assessment (“PEA”).
- VANCOUVER, British Columbia, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (Marimaca Copper or the Company) (TSX: MARI) is pleased to announce an updated Mineral Resource Estimate (MRE) for the Marimaca Oxide Deposit (the MOD or the Project) located in the Antofagasta region of northern Chile.
- The 2022 MRE incorporates 19,580m of ~41,500m of drilling (reverse circulation (RC) + diamond) completed in 2022 for a total of over 110,000m of drilling completed since 2016.
- The 2022 MRE is a fantastic achievement and reflects the exceptional exploration and geological work completed by our extremely dedicated team.
- The Whittle Optimisations were run using the operating cost parameters from the Preliminary Economic Assessment for the Project and US$4/lb copper price assumption.