San Marco Hits Paydirt in Mexico
Investing is hard enough, tries to simplify the whole process. Join our free email newsletter!
Under $0.25 Momentum Plays, One Of Many Features Available On Pro.
Try It Free For 14 Days!

San Marco Hits Paydirt in Mexico

Under $0.25 Momentum Plays, One Of Many Features Available On Pro.
Try It Free For 14 Days!
By: Tomas Ronolski - News

Tuesday, January 8, 2019

It’s cause for celebration within the Vancouver offices of San Marco Resources Inc. (TSX-Venture:SMN), after apparently coming upon a major find at its mine in Mexico.

A news release issued Tuesday reported that San Marco has completed a critical first phase of exploration and evaluation, confirming the existence of a porphyry copper-molybdenum-gold system at its 100% owned Espiritu SMR property in Sonora State. 

What’s more, the company says, unrecognized vectoring tools have been uncovered to optimize future exploration efforts toward priority target areas of potential best-grade mineralization.

A hopeful CEO Chris T. Grijalva said, “The important data compilation and invaluable insights … has confirmed the porphyry copper-moly-gold potential of the Espiritu SMR project and heightened our understanding of its ongoing exploration potential.”

The Company won Espiritu SMR property through the Mexican government's mineral concession lottery in last year’s second quarter. Espiritu is about 230 kilometres east of Hermosillo, about 2,000 kms up the coast from Mexico City.

San Marco shares took on half a cent, or 4.8%, to head toward noon ET at 11 cents, on volume of 108,000

Copyright © 2018 All rights reserved. Republication or redistribution of's content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

You've Got to "See" This Company
Alliance BioEnergy Settles Up
Belmont Wins Water Rights in Nevada
Specialty Finance Upstart With Nearly $9 Million Cash & $23 Million AUM Trading At Only $7 Million Market Cap

Back to Top