Marimaca Copper Corp. (“Marimaca Copper” or the
“Company”) (TSX: MARI) is pleased to
announce its regional exploration strategy for 2024. Following a
comprehensive review and reinterpretation of historical geological
information, the Company’s regional priority for 2024 will be
further exploration at the Sierra de Medina property block (“SdM”),
located approximately 25km from the Marimaca Oxide Deposit (“MOD”).
The Company believes that the property position has discovery
potential in an emerging belt of large scale manto-type copper
deposits in the Chilean Coastal Cordillera. SdM, along with the
Marimaca-type satellite discoveries made in 2021 including
Mercedes, provide an organic exploration pipeline for Marimaca,
which will be evaluated in parallel with the development of the
MOD.
Highlights
- Full
geological review completed of Marimaca’s ~66,300ha land position
in the Chilean coastal copper belt (Figure 1), with a focus on
historical information available at various targets across the SdM
property block
- Marimaca
established as a core land holder in the emerging discovery belt
between Capstone’s Mantos Blancos operation and Antofagasta
Minerals’ new Cachorro discovery
- Presence of
key regional mineralized units across the SdM property block
confirmed via historic drilling and surface geology:
- Results
from Marimaca’s early 2024 surface sampling program identified a
~4km surface geochemical anomaly at the Pias Target (Figure 3),
which is supported by historical
shallow drilling completed at the target:
- 32m at
2.36% Cu from surface in hole SHP-03*
- 30m at
1.69% CuT from 2m, including 12m at 3.97% CuT from 2m in hole
SFP-02*
- 30m at
1.05% Cu from surface in hole SHP-04*
- 14m at
2.54% Cu from 2m in hole SHP-15*
- 16m at
1.84% Cu from 2m in hole SHP-17*
- Historic
drilling at Pias was completed to an average depth of 68m without
testing deeper volcanic and sedimentary units known to be
regionally productive
- Recent
regional discoveries (such as Cachorro) demonstrate mineralization
hosted dominantly in the underlying lower sedimentary and volcanic
units which provides a model for future exploration drilling at
depth at Pias
- Outcropping
mineralized sediments at the Antena target confirmed via surface
mapping
- Mineralized
volcanic and sedimentary units confirmed in southern areas of the
SdM claim block, indicating continuity and regional extent of key
productive units for copper mineralization
- The Company
is currently considering funding options for additional work at the
SdM property block, including partnership and joint-venture
opportunities
- Initial
work plan would include geological mapping, resistivity and
high-resolution drone-mounted magnetics geophysics, followed by
additional surface geochemistry to refine key targets for initial
drilling
*The drill results reported in this news
release are historical in nature and are the results from drilling
activities conducted by past operators and not Marimaca. As a
result of the historic data having been inherited by Marimaca, data
verification, quality control and quality assurance measures that
may have been applied at the time is unknown. Marimaca is not
treating these drill results as current and has not undertaken any
independent investigation, nor has it or a Qualified Person
independently analyzed the historical drill results to verify them.
The Company believes that the historical drill results do not
conform to the presently accepted industry standards, are not
considered to be current and should not be relied upon. Marimaca
considers these historical results relevant to assist with target
definition for future exploration programs, however readers are
cautioned that there has been insufficient exploration to define
any mineral resource and it is uncertain whether further
exploration will result in the target being delineated as a mineral
resource.
Hayden Locke, President and CEO of
Marimaca Copper, commented:
“While the MOD continues to advance toward
production in partnership with Mitsubishi and Ausenco, we are
extremely excited about reigniting the exploration pipeline for
Marimaca. Over the past 6 months, Sergio Rivera, VP Exploration,
and his team have completed a comprehensive review of the
historical data, and the resulting reinterpretation paints a
compelling story for discovery potential, particularly at SdM.
We are well positioned as an early-mover in this
emerging copper belt in Chile, which is bookended by the
exceptional new discovery, Cachorro, made by Antofagasta Minerals,
and Mantos Blancos. Sediment-hosted manto-type deposits are a new
geological occurrence in Chile and we are excited about the
application of the model at SdM. Sergio’s work to date has
indicated that the project hosts the core stratigraphy and
geological markers, including evidence of copper oxide and sulphide
mineralization in both the regional volcanic and sedimentary units
that extend onto our land position.
We are currently considering our strategy for
advancing SdM, including partnership and joint-venture discussions
to fund our intended exploration program. We look forward to
building out a strong exploration pipeline behind our flagship
Marimaca Oxide Deposit, leveraging the experience and expertise of
the MOD discovery team.”
Figure 1: Marimaca Land
Position
Geological Discussion - Sierra de
Medina
The Chilean Coastal Cordillera can be divided
into two domains – East and West – on either side of the major
regional Atacama Fault Zone (see Figure 2). The Western Domain,
host to the MOD, is dominated by Mesozoic intrusive-hosted IOA and
IOCG-style deposits and volcanic hosted manto-type deposits,
typically of smaller scale relative to deposits in the Eastern
Domain. The Eastern Domain, host to Mantos Blancos and Cachorro, is
emerging as a prospective new belt for large-scale (>2Mt
contained Cu), manto-type copper deposits hosted in middle
pyroclastic sequences (Mantos Blancos), and more recently in the
deeper mixed volcanic and metasedimentary units such as the deposit
delineated at Cachorro. The SdM property block (14,505ha), located
in the Eastern Domain, is approximately 25km north-east of Marimaca
and 8km to the south-east of Cachorro (see Figures 1 and 2).
Historical exploration work at SdM focused on
the shallow upper volcanic units (andesitic flows), which is
in-line with the exploration model at the time of drilling. Deeper,
regionally extensive volcanic and sedimentary units, now know to be
productive for mineralization, remain untested at the Pias target
given historical drilling focused on <100m drilling depth. Pias
has been designated as a priority for future exploration work given
the presence of a large-scale surface geochemical anomaly confirmed
by Marimaca’s sampling (see Figures 3 and 4) and mineralized
shallow historical drill intercepts in the upper volcanic flows.
Marimaca interprets the Pias copper mineralization as upper-level
evidence of a mineralized system extending at depth with the
potential to become more favorable in the rock & structural
extensions at depth.
Mineralized outcropping sediments in the
northern Antena target (see Figure 5), provides strong evidence for
continuity of mineralization across the property package and into
the sedimentary units, such as those found at Cachorro.
Mineralization encountered at Pias and Antena in historical
drilling, surface sampling and in surface outcrop includes copper
oxides dominated by atacamite and chrysocolla, with underlying
chalcocite-dominated sulphides.
Historical drilling on the property was
completed by Anglo American (Mantos Blancos) in the early 1990s and
further reconnaissance exploration was completed by Milpo in the
late 2000s. A summary of historical data available is presented
below.
Marimaca is currently considering alternatives
to fund an initial exploration campaign at the SdM property block
which would involve geophysical surveying and further surface
geochemistry to delineate priority areas for follow-up exploration
drilling. The Company will update the market in due course as
discussions progress.
Historical Data
Historical Exploration at the Pias target was
completed periodically from the early 1990s to 2012:
- 1990-1992: Anglo
American (Mantos Blancos) completed geological mapping,
approximately 15km of surface trenching, 9,900m of track-drill
bedrock geochemistry across 1,200m holes, 1,300 rock chip and soil
samples, and 7,548m of reverse-circulation drilling across 108
drill holes
- 1992-1993: Minera
Tesoro completed 6 drill holes in the northern area of Pias target
– no information available
- 2005-2012: Minera
Rayrock (Milpo) completed geological mapping, ground magnetics, and
extensions to Anglo’s trench sampling with 10,000m new meters and
2,800 new rock chip samples
Figure 2: Regional Geological
Setting
Figure 3: Sierra de Medina Property Block
– Pias Target Geochemical Anomaly
Figure 4. Sierra de Medina Property Block
– Pias Target Historical Drilling Locations
Figure 5. Copper-oxide bearing
metasedimentary units exposed in outcrop and historical trenching
at Antena Target
Table 1. Summary of Significant
Intercepts from Historical Drilling (unverified) – Pias
Target
|
Hole |
Depth (m) |
|
From (m) |
To (m) |
Intersect (m) |
%CuT |
|
SFP-02 |
230 |
|
2 |
32 |
30 |
1.69 |
|
|
|
including |
2 |
14 |
12 |
3.97 |
|
SFP-05 |
254 |
|
158 |
168 |
10 |
0.29 |
|
SFP-08 |
150 |
|
50 |
56 |
6 |
0.61 |
|
SFP-10 |
150 |
|
0 |
10 |
10 |
0.16 |
|
SFP-11 |
150 |
|
46 |
56 |
10 |
0.19 |
|
SFP-12 |
100 |
|
86 |
94 |
8 |
0.29 |
|
SFP-15 |
100 |
|
16 |
26 |
10 |
0.36 |
|
SFP-16 |
110 |
|
4 |
30 |
26 |
0.25 |
|
|
|
and |
96 |
106 |
10 |
0.34 |
|
SFP-17 |
100 |
|
38 |
68 |
30 |
0.23 |
|
SFP-18 |
100 |
|
36 |
84 |
48 |
0.22 |
|
SFP-19 |
100 |
|
38 |
58 |
20 |
0.14 |
|
SFP-25 |
50 |
|
42 |
48 |
6 |
0.21 |
|
SFP-26 |
56 |
|
32 |
54 |
22 |
0.18 |
|
SFP-27 |
54 |
|
38 |
52 |
14 |
0.17 |
|
SFP-34 |
70 |
|
48 |
70 |
22 |
0.12 |
|
SFP-35 |
50 |
|
10 |
28 |
18 |
0.24 |
|
SFP-36 |
54 |
|
18 |
38 |
20 |
0.16 |
|
SFP-37 |
52 |
|
14 |
22 |
8 |
0.22 |
|
SFP-38 |
50 |
|
36 |
50 |
14 |
0.20 |
|
SFP-40 |
50 |
|
30 |
44 |
14 |
0.23 |
|
SFP-42 |
50 |
|
2 |
40 |
38 |
0.28 |
|
SFP-43 |
70 |
|
58 |
64 |
6 |
0.30 |
|
SFP-44 |
50 |
|
8 |
14 |
6 |
0.34 |
|
SFP-45 |
50 |
|
38 |
48 |
10 |
0.29 |
|
SFP-46 |
56 |
|
12 |
30 |
18 |
0.31 |
|
SFP-47 |
50 |
|
6 |
46 |
40 |
0.20 |
|
SFP-48 |
50 |
|
20 |
34 |
14 |
0.18 |
|
SFP-49 |
50 |
|
24 |
46 |
22 |
0.24 |
|
SHP-01 |
40 |
|
0 |
7 |
7 |
0.44 |
|
SHP-02 |
40 |
|
0 |
36 |
36 |
0.55 |
|
SHP-03 |
68 |
|
0 |
32 |
32 |
2.36 |
|
|
|
including |
0 |
24 |
24 |
3.12 |
|
SHP-04 |
34 |
|
0 |
30 |
30 |
1.05 |
|
SHP-06 |
20 |
|
2 |
16 |
14 |
1.07 |
|
SHP-08 |
50 |
|
6 |
22 |
16 |
0.96 |
|
SHP-10 |
30 |
|
6 |
18 |
12 |
0.54 |
|
SHP-11 |
40 |
|
2 |
34 |
32 |
0.64 |
|
SHP-12 |
30 |
|
0 |
8 |
8 |
0.48 |
|
SHP-14 |
60 |
|
6 |
20 |
14 |
0.55 |
|
SHP-15 |
30 |
|
2 |
16 |
14 |
2.54 |
|
SHP-16 |
40 |
|
14 |
24 |
10 |
0.31 |
|
SHP-17 |
30 |
|
2 |
18 |
16 |
1.84 |
|
SHP-20 |
100 |
|
22 |
38 |
16 |
0.29 |
|
SHP-21 |
100 |
|
16 |
34 |
18 |
0.39 |
|
SHP-28 |
80 |
|
56 |
66 |
10 |
0.24 |
|
SHP-29 |
40 |
|
6 |
30 |
24 |
0.26 |
|
SHP-30 |
80 |
|
13 |
21 |
8 |
0.28 |
|
SHP-32 |
80 |
|
6 |
36 |
30 |
0.13 |
|
SHP-43 |
50 |
|
1 |
30 |
29 |
0.33 |
|
|
|
including |
1 |
8 |
7 |
0.85 |
|
SHP-44 |
40 |
|
4 |
10 |
6 |
0.36 |
|
SHP-45 |
50 |
|
1 |
20 |
19 |
0.18 |
|
SHP-46 |
50 |
|
2 |
30 |
28 |
0.28 |
|
SHP-47 |
51 |
|
7 |
43 |
36 |
0.23 |
|
SHP-48 |
50 |
|
8 |
32 |
24 |
0.17 |
Table 2. Drill Collars and Survey of
Historical Drilling (unverified) – Pias Target
|
Hole |
Easting |
Northing |
Elevation (m) |
Azimuth |
Inclination |
Depth (m) |
|
SBP-06 |
400657.8 |
7451199.0 |
1391.9 |
138.9 |
-61.4 |
40 |
|
SBP-07 |
400645.8 |
7451141.0 |
1391.9 |
0.0 |
-90.0 |
34 |
|
SBP-08 |
400646.8 |
7451104.0 |
1391.7 |
0.0 |
-90.0 |
30 |
|
SBP-09 |
400663.8 |
7451087.0 |
1392.8 |
0.0 |
-90.0 |
30 |
|
SBP-01 |
400758.9 |
7450355.1 |
1403.9 |
317.6 |
-60.7 |
100 |
|
SBP-10 |
400661.0 |
7451231.0 |
1392.9 |
0.0 |
-90.0 |
30 |
|
SBP-11 |
400681.0 |
7451211.0 |
1393.0 |
0.0 |
-90.0 |
30 |
|
SBP-12 |
400625.8 |
7451231.0 |
1390.9 |
0.0 |
-90.0 |
30 |
|
SBP-02 |
400674.0 |
7450298.0 |
1403.5 |
315.0 |
-59.3 |
50 |
|
SBP-03 |
400675.1 |
7450296.0 |
1403.7 |
0.0 |
-90.0 |
30 |
|
SBP-04 |
400601.8 |
7450372.0 |
1396.7 |
0.0 |
-90.0 |
50 |
|
SBP-05 |
400569.0 |
7449981.0 |
1400.3 |
0.0 |
-90.0 |
48 |
|
SFP-01 |
400694.0 |
7450988.0 |
1395.8 |
313.9 |
-60.4 |
154 |
|
SFP-02 |
400629.1 |
7451194.8 |
1391.4 |
316.0 |
-57.7 |
230 |
|
SFP-03 |
400700.1 |
7451123.8 |
1394.3 |
315.1 |
-59.7 |
224 |
|
SFP-04 |
400760.0 |
7450922.0 |
1396.8 |
315.0 |
-59.8 |
214 |
|
SFP-05 |
400792.0 |
7450749.0 |
1399.3 |
313.4 |
-60.3 |
254 |
|
SFP-06 |
400726.0 |
7450814.0 |
1396.8 |
314.1 |
-61.0 |
250 |
|
SFP-07 |
400809.1 |
7450308.8 |
1407.0 |
316.6 |
-63.4 |
150 |
|
SFP-08 |
400712.3 |
7450260.9 |
1404.3 |
314.8 |
-58.9 |
150 |
|
SFP-09 |
400563.0 |
7450270.0 |
1398.2 |
315.0 |
-60.2 |
150 |
|
SFP-10 |
400566.0 |
7449982.0 |
1400.5 |
314.4 |
-59.3 |
150 |
|
SFP-11 |
400446.0 |
7449966.0 |
1395.2 |
314.1 |
-60.7 |
150 |
|
SFP-12 |
400371.0 |
7450040.0 |
1392.0 |
0.0 |
-90.0 |
100 |
|
SFP-12A |
400340.1 |
7450069.8 |
1391.0 |
0.0 |
-90.0 |
100 |
|
SFP-13 |
400372.0 |
7449897.0 |
1392.2 |
0.0 |
-90.0 |
100 |
|
SFP-14 |
400152.0 |
7449838.0 |
1381.8 |
0.0 |
-90.0 |
100 |
|
SFP-15 |
400140.0 |
7449704.0 |
1385.1 |
314.5 |
-60.4 |
100 |
|
SFP-16 |
400041.1 |
7449661.8 |
1383.1 |
313.3 |
-59.6 |
110 |
|
SFP-17 |
399997.0 |
7449704.0 |
1377.8 |
0.0 |
-90.0 |
100 |
|
SFP-18 |
399960.1 |
7449601.8 |
1380.3 |
0.0 |
-90.0 |
100 |
|
SFP-19 |
399778.1 |
7449641.8 |
1371.3 |
0.0 |
-90.0 |
100 |
|
SFP-20 |
399849.1 |
7449568.8 |
1373.4 |
314.8 |
-59.1 |
100 |
|
SFP-21 |
400147.0 |
7449270.0 |
1392.0 |
312.6 |
-59.4 |
50 |
|
SFP-22 |
400089.1 |
7449185.0 |
1390.0 |
313.8 |
-58.1 |
50 |
|
SFP-23 |
399928.1 |
7449349.8 |
1381.8 |
315.0 |
-70.7 |
50 |
|
SFP-24 |
400025.0 |
7449112.0 |
1387.2 |
314.7 |
-60.1 |
50 |
|
SFP-25 |
399954.0 |
7449183.0 |
1383.6 |
314.9 |
-60.0 |
50 |
|
SFP-26 |
399802.1 |
7449335.8 |
1376.0 |
314.4 |
-60.1 |
56 |
|
SFP-27 |
399765.1 |
7449371.8 |
1374.1 |
314.8 |
-60.3 |
54 |
|
SFP-28 |
399739.0 |
7449234.0 |
1371.9 |
316.5 |
-61.0 |
50 |
|
SFP-29 |
399904.0 |
7449088.0 |
1382.4 |
311.1 |
-58.9 |
50 |
|
SFP-30 |
399949.0 |
7449044.0 |
1384.6 |
313.6 |
-58.2 |
50 |
|
SFP-31 |
399843.0 |
7449007.0 |
1380.3 |
313.3 |
-61.0 |
50 |
|
SFP-32 |
399721.0 |
7449132.0 |
1372.7 |
313.0 |
-61.2 |
46 |
|
SFP-33 |
399813.0 |
7448895.0 |
1381.9 |
310.1 |
-60.0 |
50 |
|
SFP-34 |
399677.0 |
7449033.0 |
1370.4 |
315.4 |
-59.7 |
70 |
|
SFP-35 |
399823.0 |
7448747.0 |
1388.0 |
315.8 |
-58.7 |
50 |
|
SFP-36 |
399677.0 |
7448891.0 |
1372.6 |
314.1 |
-60.4 |
54 |
|
SFP-37 |
399609.0 |
7448962.0 |
1366.3 |
318.1 |
-55.4 |
52 |
|
SFP-38 |
399737.0 |
7448688.0 |
1382.5 |
0.0 |
-90.0 |
50 |
|
SFP-39 |
399593.0 |
7448840.0 |
1371.3 |
314.8 |
-60.3 |
50 |
|
SFP-40 |
399621.0 |
7448662.0 |
1383.7 |
314.5 |
-60.0 |
50 |
|
SFP-41 |
399554.1 |
7448586.0 |
1377.7 |
311.4 |
-57.9 |
28 |
|
SFP-42 |
399494.1 |
7448511.0 |
1373.2 |
314.6 |
-59.2 |
50 |
|
SFP-43 |
399426.0 |
7448577.0 |
1367.1 |
315.1 |
-59.3 |
70 |
|
SFP-44 |
399283.0 |
7448585.0 |
1361.4 |
312.1 |
-60.6 |
50 |
|
SFP-45 |
399317.0 |
7448554.0 |
1364.4 |
313.8 |
-58.9 |
50 |
|
SFP-46 |
399226.0 |
7448505.0 |
1362.2 |
314.3 |
-60.0 |
56 |
|
SFP-47 |
399258.0 |
7448473.0 |
1365.8 |
316.9 |
-59.3 |
50 |
|
SFP-48 |
399188.0 |
7448399.0 |
1363.8 |
319.4 |
-58.7 |
50 |
|
SFP-49 |
399155.0 |
7448436.0 |
1359.3 |
318.8 |
-58.8 |
50 |
|
SFP-50 |
399129.0 |
7448316.0 |
1359.7 |
313.1 |
-56.7 |
50 |
|
SHP-01 |
400673.8 |
7451000.0 |
1392.8 |
0.0 |
-90.0 |
40 |
|
SHP-02 |
400646.8 |
7451176.0 |
1391.1 |
0.0 |
-90.0 |
40 |
|
SHP-03 |
400646.8 |
7451175.0 |
1391.0 |
135.8 |
-53.4 |
68 |
|
SHP-04 |
400645.8 |
7451177.0 |
1391.3 |
318.2 |
-51.8 |
34 |
|
SHP-05 |
400670.8 |
7451009.0 |
1392.8 |
314.5 |
-53.8 |
30 |
|
SHP-06 |
400674.8 |
7451005.0 |
1393.0 |
130.0 |
-51.4 |
20 |
|
SHP-07 |
400684.8 |
7451138.0 |
1391.9 |
317.3 |
-57.8 |
51 |
|
SHP-08 |
400667.8 |
7451155.0 |
1392.3 |
307.6 |
-61.3 |
50 |
|
SHP-09 |
400713.1 |
7450967.0 |
1396.1 |
315.0 |
-59.5 |
60 |
|
SHP-10 |
400629.8 |
7451192.0 |
1390.9 |
320.1 |
-64.7 |
30 |
|
SHP-11 |
400662.8 |
7451122.0 |
1392.3 |
317.5 |
-65.4 |
40 |
|
SHP-12 |
400657.8 |
7451200.0 |
1392.0 |
0.0 |
-90.0 |
30 |
|
SHP-13 |
400676.8 |
7451180.0 |
1393.2 |
317.9 |
-61.1 |
52 |
|
SHP-14 |
400644.8 |
7451141.0 |
1392.1 |
321.1 |
-64.7 |
60 |
|
SHP-15 |
400664.8 |
7451121.0 |
1392.2 |
0.0 |
-90.0 |
30 |
|
SHP-16 |
400680.8 |
7451105.0 |
1393.4 |
315.8 |
-61.1 |
40 |
|
SHP-17 |
400664.9 |
7451120.4 |
1392.4 |
0.0 |
nmf |
30 |
|
SHP-18 |
400627.8 |
7451159.0 |
1390.9 |
0 |
-90 |
30 |
|
SHP-19 |
400643.8 |
7451213.0 |
1391.5 |
0 |
-90 |
40 |
|
SHP-20 |
400236.0 |
7449752.0 |
1389.6 |
0 |
-90 |
100 |
|
SHP-21 |
400321.0 |
7449805.0 |
1389.9 |
0 |
-90 |
100 |
|
SHP-22 |
400592.8 |
7451123.0 |
1390.5 |
0 |
-90 |
50 |
|
SHP-23 |
400609.8 |
7451106.0 |
1391.2 |
0 |
-90 |
30 |
|
SHP-24 |
400685.1 |
7450959.0 |
1397.2 |
0 |
-90 |
30 |
|
SHP-25 |
400044.8 |
7450222.0 |
1374.0 |
0 |
-90 |
66 |
|
SHP-26 |
400132.8 |
7450134.0 |
1377.6 |
0 |
-90 |
80 |
|
SHP-28 |
400344.0 |
7449781.0 |
1391.5 |
0 |
-90 |
80 |
|
SHP-29 |
400556.0 |
7450559.0 |
1391.1 |
0 |
-90 |
40 |
|
SHP-30 |
400698.8 |
7450416.0 |
1385.2 |
0 |
-90 |
80 |
|
SHP-31 |
400483.1 |
7450489.0 |
1391.9 |
0 |
-90 |
80 |
|
SHP-32 |
400342.6 |
7450345.8 |
1386.8 |
0 |
-90 |
80 |
|
SHP-33 |
400509.8 |
7450184.0 |
1396.3 |
0 |
-90 |
76 |
|
SHP-34 |
400628.0 |
7450064.0 |
1399.8 |
0 |
-90 |
50 |
|
SHP-35 |
399796.8 |
7449759.0 |
1365.1 |
320.16 |
-60.4 |
50 |
|
SHP-36 |
399859.8 |
7449699.0 |
1369.7 |
314.89 |
-59.5 |
54 |
|
SHP-37 |
400629.8 |
7451121.0 |
1391.1 |
0 |
-90 |
51 |
|
SHP-38 |
400626.8 |
7451088.0 |
1391.5 |
0 |
-90 |
50 |
|
SHP-39 |
400609.8 |
7451142.0 |
1390.9 |
0 |
-90 |
50 |
|
SHP-40 |
400658.0 |
7450985.9 |
1396.9 |
0 |
-90 |
50 |
|
SHP-41 |
400698.8 |
7451087.0 |
1394.2 |
320.84 |
-64.89 |
50 |
|
SHP-42 |
400643.8 |
7451214.0 |
1391.5 |
315.59 |
-61.75 |
50 |
|
SHP-43 |
400656.8 |
7451200.0 |
1392.2 |
316.11 |
-64.42 |
50 |
|
SHP-44 |
400217.8 |
7449765.0 |
1388.9 |
319.21 |
-62.66 |
40 |
|
SHP-45 |
400252.0 |
7449772.0 |
1389.6 |
316.29 |
-61.82 |
50 |
|
SHP-46 |
400274.0 |
7449788.0 |
1388.9 |
320.12 |
-64.03 |
50 |
|
SHP-47 |
400251.8 |
7449766.0 |
1388.9 |
0 |
-90 |
51 |
|
SHP-48 |
399350.0 |
7448593.1 |
1362.2 |
315.76 |
-61.12 |
50 |
Qualified Person
The technical information in this news release,
including the information that relates to geology, drilling and
mineralization has been reviewed and approved by Sergio Rivera, VP
of Exploration, Marimaca Copper Corp, a geologist with more than 35
years of experience and a registered member of the Comision Minera
(Chilean Mining Commission), as well a member of the Colegio de
Geólogos de Chile, Instituto de Ingenieros de Minas de Chile and of
the Society of Economic Geologist USA, and who is the Qualified
Person for the purposes of NI 43-101.
The data disclosed in this news release is
related to historical drilling and exploration results from past
operators and not Marimaca. As a result of the historic
data having been inherited by Marimaca, data verification, quality
control and quality assurance measures that may have been applied
at the time is unknown. Marimaca is not treating the
results as current and neither Marimaca nor any Qualified Person
has undertaken any independent investigation of nor has it or a
Qualified Person independently analyzed the results of the
historical drilling and exploration work in order to verify the
results. The Company believes that the historical drill results do
not conform to the presently accepted industry standards, are not
considered to be current and should not be relied upon. Marimaca
considers these historical drill results relevant as the Company is
using this data as a guide to plan future exploration programs.
Readers are cautioned that there has been insufficient exploration
to date to define any mineral resource and it is uncertain whether
further exploration programs will result in target areas being
delineated as a mineral resource.
Contact InformationFor further
information please visit www.marimaca.com or contact:
Tavistock +44 (0) 207 920
3150Emily Moss / Adam Baynesmarimaca@tavistock.co.uk
Forward Looking Statements
This news release includes certain
“forward-looking statements” under applicable Canadian securities
legislation. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by Marimaca Copper, are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and
unknown, could cause actual results, performance or achievements to
be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements and the parties have made assumptions
and estimates based on or related to many of these factors. Such
factors include, without limitation: risks related to share price
and market conditions, the inherent risks involved in the mining,
exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of
project delays or cost overruns or unanticipated excessive
operating costs and expenses, uncertainties related to the
necessity of financing, uncertainties relating to regulatory
procedure and timing for permitting reviews to perform further
exploration work, including drilling, and the availability of and
costs of financing needed in the future as well as those factors
disclosed in the annual information form of the Company dated March
27, 2023 and other filings made by the Company with the Canadian
securities regulatory authorities (which may be viewed
at www.sedar.com). Readers should not place undue reliance on
forward-looking statements. Marimaca Copper undertakes no
obligation to update publicly or otherwise revise any
forward-looking statements contained herein whether as a result of
new information or future events or otherwise, except as may be
required by law.
Neither the TSX nor the Canadian Investment
Regulatory Organization accepts responsibility for the adequacy or
accuracy of this release.
Photos accompanying this announcement are
available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/a79e44c6-f22a-4347-b210-a085f586f450https://www.globenewswire.com/NewsRoom/AttachmentNg/68b95e9e-e4b3-4515-a7cc-f62c5afc6c3fhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e0723ec7-a012-4e69-802d-c1204fdde7d8https://www.globenewswire.com/NewsRoom/AttachmentNg/fcb2eff2-fe1b-4689-9e72-3134fa465112https://www.globenewswire.com/NewsRoom/AttachmentNg/d6782d65-cb71-48af-9f5d-23925ebd1938
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