On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) Well-positioned in Argentina Mining Boom

  • Marifil exploring for gold, lithium and cobalt in metals-rich South American zone
  • Argentina aims to capture as much as 45 percent of lithium market; investments in country’s lithium resource have grown tenfold since 2011
  • Marifil’s recent drilling at San Roque property yields good results, with a 19-meter intersection of 1.89 grams per tonne gold

As a metal exploration boom elevates the prospects of Argentina’s mining industry, Canada-based Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) continues to examine the prospects of its properties through drilling and sampling techniques. The company is focused on exploring for gold, lithium and cobalt because of their significant commercial potential, and on September 11, it published the results of its most recent round of exploration drilling on its San Roque property within the Province of Rio Negro, near the Atlantic coast, that significantly add to the advancement of the property (http://ibn.fm/fLouD).

The San Roque property is held by Minas San Roque S.A., which is jointly owned by Marifil Mines (51 percent) and NovaGold Resources Inc. (TSX: NG) subsidiary NovaGold Argentina Inc. (49 percent). Marifil is the project operator. It is an advanced-stage exploration project that encompasses some 42,320 hectares (104,575 acres) of mineral rights wherein significant gold-silver-indium-lead-zinc epithermal sulphide mineralization (http://ibn.fm/tYjHS) has now been drilled by 112 holes.

Results from the latest four drill holes are highlighted by a 19.8 meter intersection of 1.86 g/t Au near the surface, adding substantially to the extent of a gold mineralized area known as Zone 34. The company believes that Zone 34 holds potential for discovery of a heap leachable gold deposit similar to those found in Nevada. In another hole more than a kilometer away on Zone 33, a drill hole hit a composited intersection of 83 meters at 0.50 g/t Au, which also contains significant lead and zinc sulfide mineralization.

An NI 43-101 resource report has not been completed on the San Roque site, but, in the company’s judgment, there exists large volumes of mineralized earth within six distinct zones scattered across four square kilometers of its land holdings. All of these zones are open to expansion by further drilling.

Although the gold mining sector has seen little interest from investors this year because of a lackluster price for the precious metal and a dearth of new mining projects, recent M&A activity has increased market optimism (http://ibn.fm/u93j7), and Marifil has been undaunted about its exploration, noting in its news release that it has arranged a round of private placement financing for gross proceeds of $1 million, subject to regulatory approval.

Marifil’s Las Aguilas property in central Argentina is currently the country’s largest known nickel and cobalt-producing site, and the company’s 15,267-plus hectares (37,726 acres) of Puna grasslands are located within the famed ‘Lithium Triangle’, where that metal has been found in abundance to form a zone crossing national boundaries between Argentina, Chile and Bolivia.

Lithium, cobalt and nickel have become particularly attractive to junior miners in recent years because of their vital importance in the low-heat, high-efficiency lithium-ion batteries that power most of the world’s computer technology. The worldwide growth of interest in environmentally friendly electric vehicles has drawn attention to the limited supplies of cobalt and lithium, in particular, as automakers and national governments have raced to ensure a secure pipeline for their concerns.

Argentina expects to become a lithium superpower by increasing its share of the world’s supply from about 16 percent of the market now to as much as 45 percent by extracting the metal from brines in the Puna, described as the “Saudi Arabia of lithium” (http://ibn.fm/JLnzd).

Mining Secretary Mariano Lamothe told Chile’s Strategic Excellence in Mining conference last month that Argentina could be producing 290,000 metric tons per year of lithium by 2023 (http://ibn.fm/FDCY0). Until Argentina’s government switched from a mining-averse stance to economic development friendliness two years ago, only one company was producing lithium on a commercial scale from Argentina’s brine deposits. Since then, lithium production has increased by nearly 60 percent (http://ibn.fm/qfqcm).

Lamothe told the conference that Argentina is pushing Chile and Bolivia to organize a price index for lithium in order to stabilize market volatility, advancing the possibility that the price could be based on the metal’s carbonate quality, hydroxides, or other technical specifications, according to local media (http://ibn.fm/b0xxK). According to Lamothe, a metric ton of lithium currently can go for anywhere between $14,000 and $25,000, depending on the producer.

According to Lamothe, investment in the country’s lithium mining potential has grown to 10 times its level in 2011, evidence of booming interest and the country’s potential.

For more information, visit the company’s website at www.MarifilMines.com

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered