Summary Mari Energies announces copper and gold discovery in Chagai, with 25,000 metres of exploration drilling completed near the Reko Diq project.
KARACHI (Dunya News) - Mari Energies Limited has announced a new discovery of copper and gold near the Reko Diq project in Balochistan's Chagai district.
The company's subsidiary, Mari Minerals, has informed the Pakistan Stock Exchange (PSX) of the development through a formal letter.
According to the letter, 25,000 metres of drilling have been completed to explore copper and gold deposits in Chagai. Exploration drilling was conducted in two phases at the East Siah Dik site.
The company said laboratory testing of samples from the first phase of drilling had been completed, while analysis of samples from the second phase was still underway. Copper mineralisation extends over an area of approximately 1.4 square kilometres.
The discovery site is located around 50 kilometres east of the Reko Diq project. The company said mineralisation continued to be encountered even below a depth of 500 metres.
Mari Energies said it planned to undertake further drilling in the next phase, extending beyond 500 metres to a depth of up to 1,000 metres.
The company said it had more than 40 years of experience in exploring porphyry copper deposits, adding that the discovery results had been compiled in accordance with internationally recognised standards.
