FULL DISCLOSURE: Mercado Minerals is a sponsor of theDeepDive.ca.
Mercado Minerals (CSE: MERC) has identified a substantial number of new exploration targets at its Copalito Project following the completion of specialized geophysical analysis. The company reported Thursday that integrated data from LiDAR and airborne magnetic surveys has outlined several dozen features that suggest the project’s mineralized footprint is more extensive than previously documented.
The technical review, conducted by GeoCloud Analytics, pinpointed 44 potential pits and 45 vein segments that were not included in historical records. The analysis also identified two new adits that were previously unknown.
The utility of the LiDAR technology was underscored by its ability to independently relocate 19 known adits and 12 known pits without the use of existing company maps, providing a level of internal validation for the newly discovered anomalies.
High-resolution magnetic data has complemented these findings by showing that primary geological structures at Copalito continue beyond the boundaries of previous drilling. These magnetic linear features frequently overlap with the surface targets identified by the LiDAR scans, suggesting a strong correlation between subsurface magnetic signatures and potential surface mineralization.
READ: Mercado Minerals Launches Inaugural Drill Program at Copalito Project
Management intends to use these results to refine its upcoming field operations. CEO Daniel Rodriguez noted that the data will serve as a primary guide for the team as they move into new areas of interest.
“The LiDAR survey is a great tool to help guide our team to new areas of interest. LiDAR analysis, in conjunction with the airborne magnetics, successfully identified many of the known veins and structures without having access to that existing information,” commented Rodriguez.
WATCH: What Changed in the Silver Market | Daniel Rodriguez – Mercado Minerals
The company is now transitioning into a phase of systematic sampling and mapping to evaluate these targets for potential drill testing.
By leveraging remote sensing to identify historical workings and structural extensions, Mercado is attempting to more efficiently prioritize its capital toward high-probability targets. The company currently holds over 3,000 hectares in Mexico’s Western Silver Belt, where it is focused on advancing its portfolio through disciplined, data-driven exploration. The company is currently in the process of conducting a 3,000 metre inaugural drill program at Copalito, with 25 holes expected to be drilled.
Mercado Minerals last traded at $0.185 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.
