FULL DISCLOSURE: Mercado Minerals is a sponsor of theDeepDive.ca.
With their first field exploration program at the Copalito Project in Sinaloa, Mexico, getting underway two weeks ago, Mercado Minerals (CSE: MERC) has now seen geophysical studies also get underway. The company this morning indicated that the first phase of such studies have now begun.
The first phase of geophysics is set to consist of a high-resolution UAV magnet survey, which is to be conducted by Jesus Mendez Geoconsultores. The survey is to cover a total of 1,885 hectares using 50-metre line spacing to map known veins and their extensions, while also providing data on previously unexplored regions of the property.
READ: Mercado Begins Field Exploration At Copalito In Advance Of Planned Drill Program
The second phase meanwhile consists of a drone-support LiDAR survey, which is to be executed by GeoDigital Imaging de Mexico. The LiDar survey, set to cover 1,867 hectares, is intended to enhance topographic detail across the project, and will also focus on the known vein systems and their extensions, while providing data from unexplored portions of the Copalito property.
Phase two of the geophysics program is expected to begin the first week of February, following the completion of phase one.
“Geophysics is an important step in advancing Copalito. We have extensive geochemical data, and integrating it with magnetic survey results will help us better understand the subsurface structures as we prepare for our upcoming diamond drill program. The LiDAR survey will also support our geological team in Mexico by improving surface mapping and helping identify new prospective areas for future exploration,” commented Daniel Rodriguez, CEO of Mercado Minerals.
Mercado Minerals last traded at $0.39 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.
