Atalaya Mining stock rises on potential discoveries from regional exploration in Spain. mining miningnews
Atalaya Mining shares took off on Friday morning following the latest update on its regional exploration program in southern Spain, which included a potential new massive sulphide discovery and new high-grade zone at the Proyecto Masa Valverde project.
Atalaya acquired PMV in 2020, having discovered the small but high-grade polymetallic Majadales deposit, and in April 2022 published a new NI 43-101 resource estimate for the Masa Valverde and Majadales deposits. At the Campanario trend, resource definition also encountered new zones of shallow polymetallic mineralization, including 7.5 metres at 0.45% copper, 1.09 g/t silver and 6.67 g/t gold from 35 metres, and 9.8 metres at 0.44% copper, 8.16 g/t silver and 0.15 g/t gold from 11 metres.
PMV is strategically located approximately 28 km from the company’s wholly owned Proyecto Riotinto operation, which consists of an open pit mine and a modern 15 Mtpa processing plant that produces copper concentrates and silver byproducts.
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