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Marimaca Copper Corp. (ASX:MC2)

ALERT: Price-sensitive ASX Announcement for MC2
Current share price for MC2 : $7.510 -2.04 (-21.36%)+
Announcement
Release
12 Mar 2026 8:23AM
Price at Release
$9.550
Full Release
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Summary
Marimaca Copper Corp. announced further high-grade copper and silver intersections from its Pampa Medina deposit, located 28km east of the Marimaca Oxide Deposit. Significant results were obtained from step-out drilling, demonstrating the western continuity of mineralized sediment horizons. The company plans to expand its drill program to include 10 rigs, targeting 100,000 meters of drilling in 2026. Results highlighted various high-grade intersections across different drill holes, with copper and silver grades reaching as high as 3.01% Cu and 37.3g/t Ag over several meters. Despite these promising results, initial metallurgical programs at Pampa Medina have yet to be completed, thus copper equivalent grades are not reported. The results indicate the potential for substantial mineralized zones with significant thickness, comparable to other major sediment-hosted copper deposits worldwide.
Key Points
  • Marimaca Copper Corp. reports high-grade copper and silver intersections at Pampa Medina.
  • Drilling results demonstrate western continuity of mineralized sediment horizons.
  • 2026 plans include expanding the drill program to 10 rigs targeting 100,000 meters.
  • Significant high-grade intersections include up to 3.01% Cu and 37.3g/t Ag.
  • Initial metallurgical programs at Pampa Medina are yet to be completed.
  • Potential for substantial mineralized zones with significant thickness.
  • Comparisons made with other major sediment-hosted copper deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.