FULL DISCLOSURE: Mercado Minerals is a sponsor of theDeepDive.ca.
Mercado Minerals (CSE: MERC) has begun its first field exploration program at their Copalito Project in Sinaloa, Mexico. The company this morning indicated it has begun the first phase of studies at the project in an effort to advance their flagship project.
The field program is set to consist of a number of components, including the detailed mapping, sampling and prospecting of 40% of the entire property, the resampling of silver, gold, lead and zinc vein mineralization, advancing logistics for a planned drill program, and the refinement of drill targets at Copalito.
The re-sampling program will see select drill core from six known veins that exist on the property re-logged and sampled to verify the data and to refine their understanding of the geology. Historical results from this veins are said to include 347 g/t silver, 0.22 g/t gold, 0.17% lead and 0.38% zinc over 13.10 metres within hole BDH-20-005 within the 5 Senores vein, as well as 125 g/t silver, 2.00 g/t gold, 0.34% lead and 0.58% zinc over 23.00 metres within hole BDH-21-055 within the El Agua vein.
“Today marks the start of the exploration work that will lead us to drilling at Copalito. We remain on track to begin our first-phase, 3000 metre drill program in Q1, focused on our highest-priority targets. [..] Our goal is to demonstrate the potential of the known veins at depth and along strike, while also testing new areas that have yet to be explored at Copalito,” commented Daniel Rodriguez, CEO of Mercado Minerals.
Mercado Minerals last traded at $0.40 on the CSE.
FULL DISCLOSURE: Mercado Minerals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Mercado Minerals. The author has been compensated to cover Mercado Minerals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
