Marimaca Copper Discovers Northern Extension of Pampa Medina Copper Ore Deposit in Chile

Published: Jan 2, 2025 08:56

Save

[Marimaca Copper Discovers Northern Extension of Pampa Medina Copper Deposit in Chile] According to foreign media reports on December 30, Marimaca Copper announced on Monday the discovery of the northern extension of the Pampa Medina copper deposit, located approximately 26 kilometers from its Marimaca Oxide Deposit (MOD). The company's goal is to advance the Definitive Feasibility Study (DFS) for its flagship project, the namesake Marimaca copper asset in Chile's Antofagasta region. (Webstock Inc.)

According to Webstock Inc., citing foreign media on December 30, Marimaca Copper announced on Monday the discovery of the northern extension of the Pampa Medina copper deposit, located approximately 26 kilometers from its Marimaca Oxide Deposit (MOD).

The company aims to advance the Definitive Feasibility Study (DFS) for its flagship project, the namesake Marimaca copper asset in the Antofagasta region of Chile.

Marimaca also reported the results of an initial reconnaissance drilling program at the Pias target, located within the broader Sierra de Medina block, northwest of Pampa Medina.

The company stated that drill hole SMR-01, located 400 meters north of the known northern extent of the Pampa Medina deposit, intersected significant oxide copper and chalcocite mineralization between 272-462 meters, transitioning to chalcopyrite-bornite-dominated mineralization between 462-650 meters.

The company noted that three additional drill holes at Pampa Medina remain incomplete, targeting extensions to the west and north, and added that it is currently considering expanding the discovery exploration program at Pampa Medina Norte in 2025.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

INE to Expand Tradable Options for Qualified Foreign Investors, Adding TSR 20 Rubber and Copper Contracts

According to an announcement by the Shanghai International Energy Exchange, with the approval of the China Securities Regulatory Commission, effective April 22, 2026 (from the night continuous trading session on April 21), the Shanghai International Energy Exchange (hereinafter referred to as INE) will further expand the range of tradable products available to Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (collectively, Qualified Foreign Investors), with the newly added commodity options contracts open for trading as follows: TSR 20 rubber and international copper options contracts.

11 hours ago

Copper Inventories in Major Regions of China Continued Destocking During the Week [SMM Weekly Data]

11 hours ago

SMM Copper Wire and Cable Operating Rate Rises Slightly to 70.77%, Market Performance Mediocre

[SMM Copper Wire and Cable Operating Rate] The operating rate of SMM copper wire and cable enterprises was 70.77% this week, up 0.24 percentage points MoM. Overall operating performance was stable, while market performance was relatively mediocre. During the week, the pullback in copper prices suppressed the release of new orders, but enterprises had ample orders on hand and pending delivery, supporting basically stable production. New orders across downstream segments were generally weak, with demand in the home decoration sector particularly mediocre due to rising plastic raw material prices.

11 hours ago