Marifil Mines Ltd.: First Drilling Results from Cerro Samenta
June 12 2014 - 8:30AM
Marketwired
Marifil Mines Ltd.: First Drilling Results from Cerro Samenta
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 12, 2014) -
MARIFIL MINES LTD. (TSX-VENTURE:MFM) ("Marifil" or "the Company")
announces it has received partial drill results from its Cerro
Samenta porphyry copper project in Salta Province, Argentina.
Marifil's partner, Southern Copper, completed a Phase I diamond
core drill program of 8 holes totalling 2,795 meters on April 20,
2014. All drilling was done in the North Zone of the property. The
holes tested a hydrothermally altered multiphase granodiorite
porphyry intrusive and breccia complex. The drill hole statistics
are shown in Table I, and a location map is appended.
TABLE I
HOLE ID |
EASTING |
NORTHING |
BEARING degrees |
DIPPING degrees |
TOTAL DEPTH (m) |
SAM 01 |
2590716 |
7245802 |
225 |
- 60 |
417.50 |
SAM 02 |
2590881 |
7245452 |
045 |
- 70 |
456.30 |
SAM 03 |
2591060 |
7245609 |
360 |
- 60 |
149.10 |
SAM 04 |
2590609 |
7245585 |
045 |
- 60 |
455.35 |
SAM 05 |
2590558 |
7245897 |
225 |
- 60 |
393.00 |
SAM 06 |
2590483 |
7246191 |
080 |
- 60 |
400.30 |
SAM 07 |
2590486 |
7246914 |
090 |
- 70 |
328.00 |
SAM 08 |
2590787 |
7246673 |
045 |
- 60 |
106.20 |
All of the drill cores (HQ size) have been sawed in half with
one half sent to Alex Stewart Labs in Mendoza for assaying. The
remaining core record is warehoused. The copper assay results for
DDH SAM 1 & 3 are complete. Receipt of the drill core copper
assay results for all the other holes are pending with the
exception of DDH SAM 4 which is complete to 142.00 meters depth.
Copper mineralization of various intensities is present in portions
of the pending assay intervals. The drill core samples are of two
meter intervals taken continuously down the hole. No assays have
been received for molybdenum or precious metals. The status of the
assay results for the 8 drill holes are presented in Table II.
Results for only those intervals that are considered to be
significant are shown.
TABLE II
DDH |
From (m) |
To (m) |
Interval (m) |
% Cu |
SAM 1 (Complete) |
0.00 |
100.00 |
100.00 |
0.15 |
|
100.00 |
112.00 |
12.00 |
0.35 |
|
112.00 |
122.00 |
10.00 |
0.16 |
|
222.00 |
246.00 |
24.00 |
0.31 |
SAM 2 |
0.00 |
456.30 |
456.30 |
Pending |
SAM 3 (Complete) |
4.00 |
10.00 |
6.00 |
0.13 |
|
92.00 |
102.00 |
10.00 |
0.13 |
SAM 4 |
38.00 |
46.00 |
8.00 |
0.13 |
|
72.00 |
142.00 |
70.00 |
0.19 |
|
142.00 |
455.35 |
313.35 |
Pending |
SAM 5 |
0.00 |
393.00 |
393.00 |
Pending |
SAM 6 |
0.00 |
400.30 |
400.30 |
Pending |
SAM 7 |
0.00 |
328.00 |
328.00 |
Pending |
SAM 8 |
0.00 |
106.20 |
106.20 |
Pending |
Marifil has not yet received the requested drill hole geologic
logs, the drill hole sample coordination tables, the certified
assay certificates, nor a statement on drilling and sampling
Quality Assurance/Quality Control from Southern Copper. Until the
Company obtains this information management is not able to comment
on the significance of the results so far reported herein. The
remaining drilling results are expected within the next months and
the Company will release them as it receives them.
This press release has been reviewed and approved by John
Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice
President under whose directions the exploration program is being
carried out. Mr. Hite and Mr. Walters are Qualified Persons as
defined by National Instrument 43-101.
WE SEEK SAFE HARBOR.
General Disclaimer
Marifil Mines Ltd. "Marifil" has taken all reasonable care
in producing and publishing information contained in this news
release, and will endeavor to do so on a periodic basis. Material
in this news release may still contain technical or other
inaccuracies, omissions, or typographical errors, for which Marifil
assumes no responsibility. Marifil does not warrant or make any
representations regarding the use, validity, accuracy, completeness
or reliability of any claims, statements or information on this
site. Under no circumstances, including, but not limited to,
negligence, shall Marifil be liable for any direct, indirect,
special, incidental, consequential, or other damages, including but
not limited to, loss of programs, loss of data, loss of use of
computer of other systems, or loss of profits, whether or not
advised of the possibility of damage, arising from your use, or
inability to use, the material from this news release. The
information is not a substitute for independent professional advice
before making any investment decisions. Furthermore, you may not
modify or reproduce in any form, electronic or otherwise, any
information on this site, except for personal use unless you have
obtained our express written permission.
Forward-Looking Statements
This news release may contain forward-looking statements,
including but not limited to comments regarding predictions and
projections. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements.
"Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
For further information regarding Marifil Mines Ltd., please
refer to the Company's filings available on SEDAR
(Http://www.sedar.com) or at Marifil's Website
(Http://www.marifilmines.com.)
To view the map associated with this release, please visit the
following link:
http://media3.marketwire.com/docs/951504_map.pdf
Marifil Mines Ltd.John HitePresident(702)
562-4880jhite@marifilmines.comMarifil Mines Ltd.Hugh OswaldInvestor
Relations(604) 838-2855hoswald@marifilmines.com
Marifil Mines (TSXV:MFM)
Historical Stock Chart
From May 2024 to Jun 2024
Marifil Mines (TSXV:MFM)
Historical Stock Chart
From Jun 2023 to Jun 2024