Atalaya Mining (TSX: AYM) is a single commodity focused company currently reporting high-grade copper intercepts from its Proyecto Masa Valverde (PMV) project in southern Spain. The company has identified a potential new massive sulphide discovery at the Mojarra Trend within the project.
The newly discovered Mojarra Trend is showing promising results, with a second hole intersecting 18.75m of mineralisation containing 0.84% copper, 0.63% zinc, 0.66% lead, and 76.24 grams per tonne silver. This hole also featured a high-grade interval of 6.8m at 1.22% copper and 101.6g/t silver.
In addition to the Mojarra Trend, Atalaya has reported other high-grade hits from PMV, including a new high-grade zinc zone at the Masa Valverde prospect and significant intersections at the Campanario Trend.
CEO Alberto Lavandeira has expressed optimism about the exploration progress at PMV, highlighting the value of the systematic approach taken by the geological team. He emphasized the underexplored nature of the project, noting that the ultimate resource potential is far from being defined.
PMV is located 28km from Atalaya’s flagship Proyecto Riotinto copper mine, which is a significant producer in the region. Atalaya is known as a premier pure-play copper producer in Europe, further solidifying its position in the industry.
