{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Marimaca Copper (TSX:MARI) - Acquisition Increases Copper Resource","html":"","width":"100%","height":180,"duration":628,"description":"Interview with Hayden Locke, President & CEO of Marimaca Copper Corp.Our previous interview: https://www.cruxinvestor.com/posts/marimaca-copper-tsxmari-the-importance-of-skilled-hires-in-de-risking-and-financing-5912Recording date: 9th October 2024Marimaca Copper Corp. (TSX:MARI) has taken a significant step in its growth strategy by signing a binding option agreement to acquire the Pampa Medina project from Sociedad Contractual Minera Elenita. This strategic move aligns with Marimaca's goal of expanding its base of leachable copper resources and potentially increasing its production target beyond 50,000 tonnes of copper cathode per annum.The Pampa Medina project, consisting of four mining concessions totaling 144 hectares, is strategically located within Marimaca's broader 14,500-hectare Sierra de Medina property package. Situated approximately 28km from and 200m higher in elevation than the company's planned processing infrastructure for the Marimaca Oxide Deposit (MOD), Pampa Medina offers significant synergistic development potential.One of the key attractions of Pampa Medina is its historical resource estimate, which indicates substantial copper mineralization primarily in oxide form. While this estimate is not yet compliant with NI 43-101 standards, it suggests considerable potential, with indicated resources of 12.27 million tonnes at 0.857% total copper and inferred resources of 28.05 million tonnes at 0.659% total copper. The company has inherited approximately 41,000m of historical drilling data and has already commenced a detailed quality assurance and validation program.Hayden Locke, President & CEO of Marimaca, emphasized the strategic importance of this acquisition, noting its alignment with the company's goal of growing its leachable copper resources. The proximity of Pampa Medina to the planned MOD infrastructure presents clear routes for synergistic development, potentially enhancing the overall project economics.From an exploration perspective,...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}