Marifil Receives Update on Cerro Samenta

November 19, 2013 The Wall Street Analyzer News Feed Comments Off on Marifil Receives Update on Cerro Samenta

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 19, 2013) – MARIFIL MINES LTD. (TSX VENTURE:MFM) (“Marifil” or “the Company”) announces that its partner, Southern Copper (“SC”), has sent it a progress report on SC’s work on the Cerro Samenta porphyry copper project in Salta Province.

SC reports that its environmental report (necessary prior to drilling) has been approved by the Mining Secretary of Salta Province. Meanwhile SC has been carrying out geologic mapping at a scale of 1:25,000, and has collected and analyzed 338 rock samples.

SC further reports that it will be building access roads and drill pads during the coming months.

About Southern Copper Corp.

Southern Copper Corporation is an integrated copper producer and in 2011 was the 7th largest copper producer in the world with sales of $6.8 billion. SC produces copper, molybdenum, zinc and silver. All of its mining, smelting and refining facilities are located in Peru and Mexico, and SC conducts exploration activities in those countries and in Argentina, Chile and Ecuador. The Company operates in three segments: Peruvian operations, Mexican open-pit operations and Mexican underground mining operations. Peruvian operations include the Toquepala and Cuajone mine complexes and the smelting and refining plants, industrial railroad and port facilities. The Peruvian operations produce copper, with production of by-products of molybdenum, silver and other material. Mexican open-pit operations include the La Caridad and Buenavista mine complexes and the smelting and refining plants and support facilities, which service both mines. The Mexican open-pit operations produce copper, with production of by-products of molybdenum, silver and other material.

SC was incorporated in the USA as Southern Peru Copper Corp. a subsidiary of ASARCO Inc. In 1999 Grupo Mexico S.A.B. de C.V. acquired 100% of ASARCO Inc. Grupo Mexico controls SC through a subsidiary Americas Mining Corp.

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President, under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

WE SEEK SAFE HARBOR.

General Disclaimer

Marifil Mines Ltd. “Marifil” has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.

Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

For further information regarding Marifil Mines Ltd., please refer to the Company’s filings available on SEDAR (http://www.sedar.com) or at Marifil’s Website (http://www.marifilmines.com.)

 

 

 

CONTACT INFORMATION

About The Wall Street Analyzer 1496 Articles
The Wall Street Analyzer's staff of writers, analysts, publishers, producers, market researchers, and PR professionals aim to provide investors with the tools they need to make informed decisions on buying stock. Our staff is a mix of financial professionals and media savvy individuals whose experiences bring the best talent from both ends of the spectrum.