Proactive - Interviews for investors

Ibero Mining Confirms Depth Extensions at Miguel Vacas with Strong Copper Grades

Ibero Mining CEO Karim Rayani joined Steve Darling from Proactive to provide an update on the company's exploration activities at the Miguel Vacas Project, where recent drilling results have confirmed significant depth extensions of the known mineralization. Drill hole 11 revealed a 19.9m intercept grading 0.89% Cu, including 5.0m at 1.35% Cu and 6.2m at 1.11% Cu, expanding the potential of the resource. Rayani emphasized that field observations indicate the mineralized system extends over 2 kilometers, though only a small portion of this strike length has been drilled. The company plans to conduct further drilling to complete a formal resource calculation, targeting a 20Mt deposit from near surface to a depth of 200m. Drilling to date has successfully intersected a wide breccia zone over a 1.1km strike length, confirming the system remains open at depth and along strike in both directions. Ibero Mining will also carry out additional ground IP surveys to refine mapping and delineate deeper mineralized zones, particularly beneath the oxidative blanket at 150–300 meters depth. The company is gearing up for a second phase of exploration drilling in the new year, with Rayani expressing optimism about unlocking the full potential of the Miguel Vacas Project. "We are excited by the consistency of the mineralized grades and look forward to further defining this resource," he stated. #proactiveinvestors #europacificmetalsinc #tsxv #otcqb #auccf #miguelvacasmine #MiningUpdate #DrillingResults #CopperMining #MiguelVazquezMine #KarimRayani #ResourceExpansion #OpenPitMining #GeologicalSurvey #MineralExploration #MiningIndustry #HighGradeCopper #HistoricalData #InfillDrilling #AssayResults #ResourceValidation #MiningOperations #MiningNews #ExplorationUpdate #Geology#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Duration:: 3m
Broadcast on:: 26 Nov 2024
Audio Format:: other

Very welcome back inside our proactive newsroom and joining me now is Kramer Annie. He is the CEO of Ibero Mining and cream. It's great to see again. How are you? Even well, good to see you. Good to see you as well. So the company out with an update on the work that you're doing at the Miguel Vasquez project. And maybe let's start there. Remind everyone a little bit about this one. This is an exciting one for the team. It's very exciting. It's a broadfield project. We've essentially identified 20 million ton historic resource, which are bringing to occur in 43 one and one between the oxides and the sulfides at surface, you're grading between one and 3% copper with various high grade numbers, you know, since you know, since our first program started a couple months ago, our first program, you know, intersected 7.5% copper, including nine meters of 3%. Every hole we've done has essentially been over 1%. And what we just released was our 11th hole, where we did a deep undercloud hole from hole number one. So I went directly below that. And we had 20 meters just shy of 1%, including two intercepts of 1 and 3%. So what this, what this all really leads into and I don't know if the market really understood it is if we have 10 million tons near the surface, we've now drilled down to 350 meters. And we've hit mineralization. What we have to do now is run a second program and infill along that strike of which we have two kilometers identified. If we're able to do that and all the numbers show, you know, that we're on the right track, we have 20 million tons down to 250 300 meters. Yeah, so so that's that's what you're trying to to stress here is that it really is open to depth and that along that strike length was that was that whole number 11 in a certain area of that two kilometers and and does it and you mentioned obviously two kilometers along long way to go as far as strike is concerned. Yeah, we've only really explored a very small percentage of the property. That number is directly below hole number one, where we had 7.49% at 100 meters. My memory serves me correctly. So this is directly below that hole. The fact that it's 20 meters, it's a longer intercept. It was not really designed for us to go and test the high grade. It was to test the depth extension. And that's what it's really interesting about this project. It's a brush type system. It's a very porous rock. It's mainly copper. There's no other credits in there. So it's very easy for us to run a heat reaching operation on this. Yeah. And there's sort of that on the top part, as you mentioned before, there's a bit of an oxide blanket and this you're talking about is underneath. Now, in the news release, you talk about potentially doing a little more IP work down there as well. Is that right? Correct. Yeah, we did a we did some test holes to the north. So we're going to cover off that as well as extend, you know, do a little bit more further work on on on the lower part. For phase number two, we do plan to start a second phase of drilling plan for February, March, maybe a little sooner, depending on the drill contractors. Well, it's going to be exciting for sure. And this this whole really answers a few questions, but also has some more for to be answered as well. So Karim, thank you so much. Good to see you again. And we'll talk soon. All right. Thank you, Stephen. All right. Karim I'm Randy, the CEO of Ibero Mining.