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Marifil Mines Ltd.
Summary
| Project: | San Roque | |
|---|---|---|
| Deposit: | San Roque | |
| Location: | Argentina | |
| Commodities: | Gold-Silver-Lead-Zinc-Indium | |
| Date: | 7/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-7-2019: Marifil Mines Ltd. announces a Resource Estimation report for its San Roque deposit at the San Roque project. Initial mineral resource estimate for project. Vancouver, British Columbia (July 22, 2019) – Marifil Mines Limited (TSXV: MFM) (OTC: M | |
| Resources: | (Resource, Inf.): 32.89Mt @ 0.46g/t Au, 12.08g/t Ag, 0.39% Pb, 0.78% Zn, 11.90g/t In | |
| CP/QP: | [Resources]: Cameron Norton (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia (July 22, 2019) – Marifil Mines Limited (TSXV: MFM) (OTC: MFMLF) (“Marifil” or the “Company”) announces that it has received the first mineral resource estimate from Tetra Tech Canada Inc. (“Tetra Tech”), a prominent, global geologic and engineering consulting firm, for the Company’s San Roque property (“San Roque” or, the “Property”), located in Rio Negro Province, Argentina that has been prepared in accordance National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) – Definition Standards on Mineral Resources and Mineral Reserves. The Property contains a deposit of low-sulphidation epithermal polymetallic mineralization with gold and zinc as the principal economic commodities accompanied by important values of silver, indium and lead. These have all been integrated into a conceptual open pit constrained Inferred Mineral Resource of 32,891,400 tonnes of 1.42 grams per tonne gold equivalent (“g/t AuEq”) containing 1,499,900 ounces of AuEq of which the gold constituent is 486,600 troy ounces as displayed in the estimates provided in Tables 1A and 1B. The zinc constituent of 566,930,300 pounds is as economically important as is the gold at this level of resource evaluation. The estimated silver content is 12,770,600 troy ounces. Notably, the estimated indium content, an element vital to the global digital electronics industry, is 12,586,000 troy ounces. The estimated lead content is 279,788,900 pounds. The substantial base metal content amounts to about 384,000 tonnes. | |
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