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Mitre Mining Corporation Limited (ASX:MMC)

ALERT: Price-sensitive ASX Announcement for MMC
Current share price for MMC : $0.985 0.205 (26.28%)+
Announcement
Release
30 May 2024 9:00AM
Price at Release
$0.780
Full Release
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Summary
Mitre Mining Corporation Limited (MMC) announced further exceptional assay results from outcropping high-grade silver veins at the Cerro Bayo Project in southern Chile. The results, regarded as spectacular, confirm the presence of significant silver and gold mineralization from surface sampling at multiple outcropping veins, including the Branca and Delia NW prospects. The company highlights that these discoveries add to existing high-grade zones and demonstrate the project's exploration potential. MMC is advancing its exploration program, including follow-up drilling and systematic sampling, while also updating investors on the progress of permitting and community engagement. The results continue to enhance the geological understanding and support the potential for a significant silver-gold resource at Cerro Bayo.
Key Points
  • MMC reports further spectacular assay results from outcropping silver veins at Cerro Bayo.
  • High-grade silver and gold mineralization confirmed from surface sampling at Branca and Delia NW prospects.
  • Assays include some of the highest silver grades encountered to date at Cerro Bayo.
  • New results build on previously announced high-grade discoveries, reinforcing project potential.
  • Systematic sampling and follow-up drilling are being advanced across multiple targets.
  • The exploration program is supported by ongoing permitting and community engagement activities.
  • Results enhance geological understanding and support significant silver-gold resource potential.
  • Investors are updated on exploration progress and strategic next steps for Cerro Bayo.
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.