Marimaca Copper Finds Further High-Grade Copper, Silver Mineralization in Chile Project, Shares Up 5%

MT Newswires Live

03/12

Marimaca Copper (ASX:MC2) said it found further high-grade copper and silver mineralization during a recent drilling at its Pampa Medina deposit in Chile, according to a Thursday Australian bourse filing.

The results were of up to 74 metres of 1.21% copper and 7.9 grams per tonne silver from 520 meters, including 12 meters of 2.07% copper and 17.2 g/t silver from 532 meters, the filing added.

Following the success of its 30,000-meter phase two program, the company said it plans to expand to 10 drill rigs at Pampa Medina, targeting 100,000 metres of drilling in 2026, subject to results-based stage-gates.

The company's shares rose 5% in recent Thursday trade.

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