Prize Mining has announced additional assay results from the ongoing sampling program on its Manto Negro Copper Project in Coahuila State, Mexico.
Prize Mining (TSXV:PRZ) has announced additional assay results from the ongoing sampling program on its Manto Negro Copper Project in Coahuila State, Mexico.
Mapping and sampling at the project has characterized the mineralization as belonging to the category of ‘red-bed type’ copper deposits, similar in style to the world class deposits of the Central African Copper Belt and the Kupferschiefer in Poland.
As quoted in the press release:
The main focus of sampling in the current update was conducted at the Manto Negro Zone on the El Granizo concession where strong copper mineralization is exposed on surface for a strike length of 550 meters and dips moderately to the southwest. Mineralization is hosted in the San Marcos red-bed sandstone close to the contact with the overlying Cupido limestone. A total of 51 chip channel samples, including blanks and duplicates, were taken across the width of the exposed mineralized beds. Highlights include:
2.73 percent copper and 58 grams per tonne (g/t) silver over 6.00 meters
1.78 percent copper and 40 g/t silver over 5.20 meters
1.65 percent copper and 36 g/t silver over 7.00 meters
As quoted in the press release, president and chief executive officer of Prize Mining, Michael McPhie said:
“We are gaining a better understanding of the mineralization and using that information to define drill targets. Furthermore, reconnaissance sampling on five other prospects spread over a 2.4km by 1.2km area underscores the widespread and locally high-grade nature of the copper-silver mineralization. With almost 18,000 hectares of prospective ground and more than 35 known showings, we are confirming the district-scale potential of the Manto Negro Project.”