A view of the Pampa Medina project area. Credit: Marimaca Copper.
New drilling at Marimaca Copper’s (TSX: MARI; ASX: MC2) Pampa Medina property in northern Chile has expanded the size of the ore body, the company said. The stock surged to its highest level in more than 13 years.
Hole SMRD-16 cut 70 metres grading 1% copper from 434 metres downhole, including 10 metres of 4.2% copper from 438 metres depth, Marimaca said Friday in a statement. It also extended the high-grade sediment-hosted manto-system by 300 metres to the west from previous drilling. Another hole, SMRD-15, intersected 42 metres of 0.51% copper from 158 metres.
“Today’s results further demonstrate the longer-term potential of Pampa Medina as the company continues to expand the size of the defined area where they see high-grade mineralization,” National Bank Financial mining analyst Andrew Dusome said Friday in a note. He gives an…
