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Bullboard - Stock Discussion Forum Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of... see more

TSX:MARI - Post Discussion

Marimaca Copper Corp > This is good news!!
View:
Post by Seahawks16 on May 05, 2021 11:04am

This is good news!!

My point of view is this

Regardless of expectations they hit more copper which tells me their mag survey, IP and other methods outside of drilling are accurate. Because of this I would say these other clusters do have copper and if the conditions are similar or slightly better we have pretty  extensive fairly deep oxides. 
 
Its not 400mt of sulphide below MOD but it expanded the resource and to me confirmed their methodology and reasoning for further drilling, they were right. 
Comment by CG2021 on May 05, 2021 11:51am
So you think the oxide went that deep? 
Comment by Seahawks16 on May 05, 2021 2:39pm
It seems like mineralization goes 200m below bottom of MOD in some areas. 
Comment by fundinvestor on May 05, 2021 4:55pm
Good trading today. My guess is that the market will slowly start to join the dots of what this could mean. More work needs doing on the met (but sounds like they are confident it should follow previous results on mixed material). But it looks like we will have more tonnes in the pit, and this means immediate value. Great news. 
Comment by Marphine on May 06, 2021 12:37pm
I like the news as well, the asset is growing. The world is in desparate need of new copper discoveries!  And it looks like a good point to average up, here right below 5$ Glta
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