(Sharecast News) - Atalaya Mining updated the market on its ongoing exploration programme at projects in southern Spain on Thursday, including Proyecto Masa Valverde (PMV), Proyecto Ossa Morena (POM) and Proyecto Riotinto East (PRE).
The AIM-traded firm said a total of four rigs were currently active, with three at PMV and one at POM.
It said that at the Mojarra Trend on PMV, a new potential discovery had been made via the intersection of 18.75 metres of polymetallic massive sulphides from the second hole in a previously-undrilled area.
Hole MR02 contained 18.75 metres at 0.84% copper, 0.63% zinc, 0.66% lead and 76.24 grams of silver per tonne, including a higher-grade zone of 6.8 metres at 1.22% copper and 101.6 grams of silver per tonne.
The Masa Valverde deposit at PMV, meanwhile, saw step-out drilling in the western area discovering a new high-grade zinc zone.
Hole MJ54 included a main mineralised interval of 18 metres at 0.25% copper, 8.30% zinc, 2.49% lead, 60.17 grams of silver and 0.89 grams of gold per tonne, for a copper equivalent grade of 4.06%.
It said the new mineralised zone remained open laterally.
The Campanario Trend at PMV saw resource definition drilling encountering new zones of shallow polymetallic mineralisation, including 7.5 metres at 0.45% copper, 1.09 grams of silver and 6.67 grams of gold per tonne from 35 metres at hole CA42, and 9.8 metres at 0.44% copper, 8.16 grams of silver and 0.15 grams of gold per tonne from 11 metres on hole CA40.
The drill holes were located west and east of the historical Campanario mine, the firm reported, where previously-announced drilling defined shallow higher-grade zones.
At the Campanario Trend at PMV, additional drilling around the historical Campanario mine confirmed the lateral and up-dip continuity of the previously defined mineralisation.
That included hole CA25, with 9.1 metres at 0.72% copper, 3.60% zinc, 2.65% lead, 73.79 grams of silver and 0.99 grams of gold per tonne from 100.9 metres, for a copper equivalent grade of 2.9%.
The Hinchona copper-gold prospect at POM, meanwhile, saw initial results from a four-hole campaign including an intersection of 3.4 metres at 0.80% copper, 1.84 grams of silver per tonne, and 479 parts of cobalt per million.
Finally, at Riotinto East, the board said first drilling was expected to start shortly.
"The discovery of the Mojarra Trend is very promising and demonstrates the value of the systematic exploration approach being implemented by our geological team," said chief executive officer Alberto Lavandeira.
"We acquired PMV in 2020, having discovered the small but high-grade polymetallic Majadales deposit, and in April 2022 announced a new NI 43-101 compliant resource estimate for the Masa Valverde and Majadales deposits.
"Since then we have defined new, shallow and potentially economic mineralisation at the Campanario Trend and have now made a potentially new discovery at the previously undrilled Mojarra Trend."
Lavandeira said those achievements, together with the numerous geophysical targets that remained untested, confirmed the board's belief that the "ultimate resource potential" of PMV was underexplored, and "far from defined".
"At POM, the encouraging initial results at Hinchona provide confidence that further drilling is warranted, with a focus on finding new zones of economic mineralisation and also increasing the currently defined resources at the flagship Alconchel copper-gold deposit.
"Exploration will remain a key activity for Atalaya in 2023 and our exploration budget is expected to reflect our geological team's recent successes and the growing list of targets across our exploration portfolio. We remain focused on expanding our resource base and identifying higher grade material that could be processed at our Riotinto plant, potentially providing an uplift to copper production by increasing the blended head grade."
At 1253 GMT, shares in Atalaya Mining were up 1.92% at 292p.
Reporting by Josh White for Sharecast.com.
Turkey earthquake claims at least 245 lives in Syria. Image from Twitter by Narrative PakistanAt least 245 people were killed in Syria on Monday as buildings collapsed after a 7.8-magnitude earthquake that had its epicentre in neighbouring Turkey, state media and a medical source said. 4.6 magnitude earthquake confirmed near SARescuers rushed to search for survivors under the rubble of collapsed buildings in the pouring winter rain. “This earthquake is the strongest since the National Earthquake Centre was founded in 1995,” Raed Ahmed, who heads the centre, told SANA. 🚨 BREAKING NEWSIT IS ANNOUNCED THAT A TOTAL OF 1710 BUILDINGS HAVE BEEN DESTROYED DUE TO THE EARTHQUAKE IN TURKEY.3 hours ago South African
Beyoncé accepts the Best Dance/Electronic Music Album award for ‘Renaissance’ onstage during the 65th Grammy Awards at Crypto.com Arena on 5 February 2023 in Los Angeles, California. ALSO READ: Beyonce announces ‘Renaissance’ world tour dates, snubs SABeyoncé: History-making Grammy win, traffic and Trevor Noah…Harry Styles and Trevor Noah onstage during the 65th Grammy Awards at Crypto.com Arena on 5 February 2023 in Los Angeles, California. Image: Emma McIntyre/Getty Images for The Recording Academy/AFPShe clinched the all-time Grammy record by winning the award for Best Dance/Electronic Music Album for Renaissance. Here is a list of winners in key categories for the 65th annual Grammy Awards. Morale & The Big Steppers’ from Cardi B onstage during the 65th Grammy Awards at Crypto.com Arena on 5 February 2023 in Los Angeles, California.4 hours ago South African
Beyonce has become the most decorated Grammy artist of all time after making a head-turning late entrance to the awards ceremony. The pop superstar, 41, won the best dance/electronic music album award for her latest album Renaissance, taking her total to 32. Her wins on the night also included best R&B song, best dance/electronic recording and best traditional R&B performance. Kendrick Lamar won the Grammy for best rap album, for Mr Morale & The Big Steppers. The 65th annual Grammy Awards continues.8 hours ago East Lothian Courier
“It’s about what can you do to help these young people.”On 1000 games: “It’s a milestone; I get that,” Schmidt admitted. “I could shoot the ball really well.”Schmidt honed his skills scrimmaging with college players at Michigan State University’s (MSU) Jenison Field House during the Jud Heathcote era. “I had no reason to say no.”First-timers a “unique challenge”This year’s MCC men’s squad present Schmidt with a unique challenge. During the recruitment process, he was “absolutely” impressed with the four national championships and the number of players Schmidt successfully prepped for success at four-year institutions. “As long as it continues to be fun and I can make an impact on the players I’m coaching,” Schmidt replied.4 days ago | East Village Magazine
Less than two months after Morocco's exceptional run at the Qatar World Cup, the North African nation finds itself at the heart of world football again as it plays host to the Club World Cup. A Moroccan club has never won the Club World Cup; the closest one came was when Raja Casablanca were runner-up a decade ago. Fans' scepticismMoroccan fans hope that a smooth Club World Cup could boost Morocco's credentials to host the World Cup itself in 2030. World Cup 2022: Morocco's success sparks debate about Amazigh erasure Read More »"The Club World Cup and its success is a strong indicator that strengthens Morocco's position and its ability to host the World Cup in 2030, especially after the Lions’ victories in Qatar," she said. On 26 January, Morocco World News reported that Tangier authorities had begun culling stray dogs in advance of the Club World Cup.4 days ago Middle East Eye
(CNN) — Legendary quarterback Tom Brady has announced his retirement after 23 seasons in the NFL. “I’ll get to the point right away,” Brady, 45, said in a video posted to Twitter Wednesday. During his long career, the three-time league MVP has broken almost every passing record, including regular season passing yards (89,214) and passing touchdowns (649). Drinks are on the new guy, so bring your wallet.”Despite all his success, Brady found winning a lot tougher during his final season in the NFL. It was also a difficult year off the field, with Brady going through a divorce from his wife of 13 years, Gisele Bundchen.4 days ago East Idaho News
Hunter Cattoor and Sean Pedulla each scored 20 for Virginia Tech, while Grant Basile each added 17 and Justyn Mutts finished with 10 for the Hokies (13-9, 3-8). The last time Miami lost on its home floor was Feb. 26 — to Virginia Tech, which hasn't won a true road game since. They’re really good," Virginia Tech coach Mike Young said. ... Virginia Tech was outscored 22-4 in fast-break points. ... Miami shot 58% and Omier had eight rebounds for the Hurricanes.5 days ago NBC 6 South Florida
8 Marian Knights, who pitched a fourth-quarter 10-0 shutout for a 49-38 victory over a team they had beaten by 30 points earlier in the season in Baugo Township. Sophomore forward Natalie Butler had 16 points and six rebounds for Jimtown and junior guard Justyce Williams, the coach’s daughter, had 14. TOTALS 16 12-15 49Jimtown 10 16 38 38 Marian 13 32 39 493-point goals: Jimtown 2 (Williams 2), Marian 5 (Foster 2, Hershberger 2, Alexander 1). Shooting: Jimtown 15 of 32 for 47 percent, Marian 16 of 38 for 42 percent. Total fouls (fouled out): Jimtown 16 (Wiegand, Brown), Marian 10 (none).5 days ago South Bend Tribune