About Proyecto Masa Valverde
As announced on
Recent Drilling Highlights
The recent drilling campaign has intersected broad intervals of massive and stockwork type polymetallic sulphide mineralization including significant high grade intercepts at both
Campanario-Descamisada
Campanario-Descamisada is a 5 km long NW trending mineralized corridor located approximately 1.5 km NE of
Forward plan for Proyecto Masa Valverde
Drilling will continue beyond the initial 8,000 meters planned for this campaign with two rigs and an aim to: (i) gain confidence in the resource estimate and obtain samples for metallurgical testing; (ii) define the extensions of known mineralization at both the Masa Valverde and Majadales deposits; (iii) test the main geophysical anomalies generated during the recently completed FLEM survey and (iv) determine the ultimate exploration potential of the promising new area named Campanario-Descamisada target zone.
Current and new drilling data will be incorporated into the NI 43-101 compliant report for Proyecto Masa Valverde that is currently being prepared by
Proyecto Masa Valverde drilling
The aim of the current drilling program at Proyecto Masa Valverde is to confirm, expand and upgrade historical NI 43-101 resources reported to be 66 Mt at 0.67% Cu, 1.92% Zn, 0.90% Pb, 34 g/t Ag and 0.63 g/t Au. The core obtained during the drilling campaign will also be used for metallurgical test work.
To date, a total of 5,874 meters through 8 diamond drill holes have been completed by Atalaya and two more holes are in progress. Four holes were drilled at the Masa Valverde polymetallic sulphide deposit and four in the Majadales satellite body. Majadales, located 1 km to the east of
First resource estimation for Majadales will be included in the NI 43-101 report for Proyecto Masa Valverde that is currently in progress.
Drill holes at Masa Valverde deposit
Three drill holes at Masa Valverde, MJ36, MJ-38 and MJ-40, were designed as infill holes while MJ-34 was a step out hole that did not extend known mineralization to the east.
Results so far confirm and improve the previously known mineralization in terms of widths and grades.
Additional drilling at Masa Valverde will continue filling the main gaps of the historical drilling as well as testing the potential extensions. Priority will be given to demonstrate the continuity and size of the higher-grade Cu and Zn zones.
About
Atalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest
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