Developments at Argentina Mine Drive Marifil Upward

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, September 12, 2019

Marifil Mines Limited (TSX-Venture:MFM) burst out of the starting blocks Thursday on word of a resource opening at its Argentinean mine.

The Vancouver-based Marifil said Thursday it’s obtained the completed technical report for the Company’s San Roque property, located in Rio Negro Province.

The Inferred Mineral Resources occur in four separate but close spaced bodies or zones which collectively contain approximately 33 million tonnes at an average grade of 0.46 g/t Gold, 12 g/t Silver, 0.4% Lead, 0.8% Zinc and 12 g/t Indium

CEO Robert Abenante exulted, “We are very encouraged by the Technical Report which has strengthened our belief in the size and mining potential of San Roque. We will continue to focus our efforts on developing the Property based on Tetra Tech’s recommendations and bring the San Roque project through to the Preliminary Economic Assessment stage.”

Abenante added, “the local infrastructure is well-developed having highway, rail and high-tension power lines crossing the Property and it is as well close enough to population centers that a mine site camp should not be needed.”

Shares in Marifil skyrocketed two cents, or 18.2%, late Thursday morning, to 13 cents, on volume of 161,000 shares.

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