Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) Targeting Lithium-Cobalt-Gold Trifecta in Argentina
Jul 5, 2018
It’s not often that you get a winning combination from a mineral exploration company like the one put together by Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF). The junior explorer, based in Vancouver, Canada, has assembled a portfolio of claims that compose properties containing lithium, cobalt, gold and other valuable elements and minerals. As the world abandons fossil fuel-powered vehicles, demand for lithium and cobalt continues to climb; the metals are an essential component in batteries for the electric vehicles that will replace them. Argentina, where the Marifil properties lie, is part of the famed lithium triangle that hosts 54 percent of the world’s lithium resources. Given the axiom that gold always glitters, Marifil’s exploration activities appear to signal a trifecta of opportunity, which has not gone unnoticed. Earlier this year, the company announced that it had completed a private placement of ordinary shares. Part of the proceeds are already being used to resume drilling at its flagship San Roque gold property (http://nnw.fm/uZVz9).
San Roque is a 42,321‐hectare (163 square miles) property that lies near the Atlantic coast in a region of well-developed infrastructure, located in the southern Argentine Province of Rio Negro. The San Roque claims contain a bulk tonnage sulfide deposit comprising minerals of…
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