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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 Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Post by Hiezenbergon Mar 07, 2023 8:31am
222 Views
Post# 35323186

Yesterday’s activity

Yesterday’s activity

Interesting trading day yesterday. Sudden rush to gobble up shares at a premium, and them followed by some selling pressure. Volume is good... one of the higher volume days for Marimaca. Maybe the activity is related to the current 4 holes being drilled in the suspected sulphide zone - either it's pure speculation or maybe some good visible stuff is coming out of the ground? Not sure, but I am feeling quite optimistic about all of it. Copper price is good, Chile seems politically stable (especially after referendum was voted down), Marimaca Oxide Deposit is of a medium sized mine, and only significant discovery in the last 10 years, worldwide. Add the potential for a large sulphide zone, and some holes with good results (similar to MAD 22 drill hole), and this story can get very interesting very fast.
 

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