RSS SubscribeMay 3, 2022
Vancouver – May 3, 2022 – Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is pleased to provide an update on exploration activities at its 6,800-hectare Block 4 project in northern Chile, and announces the start of a geochemical soil sampling program and advances plans for drill testing of the Buenavista target.
Block 4 is located along the principal porphyry copper belt of northern Chile, about 110 km south of the giant La Escondida copper mine. Buenavista comprises a poorly exposed quartz-veinlet stockwork zone hosted within a dacite porphyry intrusion, which is spatially coincident with a magnetic high and anomalous molybdenum geochemistry. Copper oxide occurrences and anomalous gold values are zoned around the central stockwork zone (see news release dated March 15, 2022).
Key takeaways:
- Follow-up geological fieldwork at the Company’s Block 4 property led to the discovery of the stockwork veined porphyry intrusion spatially coincident with a magnetic anomaly detected by Pampa Metals’ ground magnetics survey (see news release date November 18, 2021), with the new target being named Buenavista.
- The Company completed a trenching program at Buenavista in November-December 2021 (see news release dated February 8, 2022), with assay results returning up to 0.26% copper, including 24m @ 0.14% Cu – and up to 0.64g/t gold, including 24m @ 0.25g/t (see news release dated March 15, 2022).
- Buenavista is a priority follow-up target for Pampa Metals and the company continues to advance plans for a maiden drill test once the rapidly encroaching southern hemisphere winter is over.