RSS SubscribeApril 6, 2022
Vancouver – April 6, 2022 – Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is pleased to provide results from the pole-dipole induced polarisation (“IP”) survey completed at the Cerro Chiquitin target on its 100% owned, 7,600-hectare Cerro Buenos Aires project in northern Chile. Cerro Buenos Aires is located along the Paleocene or Central Mineral Belt of northern Chile, about 35 km southwest of the multi-million ounce El Peñon gold-silver mining district, and around 210 km south-southwest of the giant Spence and Sierra Gorda copper mining cluster.
Key takeaways:
- IP study results have improved the understanding of exploration results from 2021 and have clarified drill targets for further shallow and deep drilling near Cerro Chiquitin.
- The covered area to the southeast of the tourmaline breccia body at Cerro Chiquitín is confirmed as a priority objective for follow-up drilling.
- The IP survey completed has provided reliable information up to 600 m below the surface, with interpretable results with respect to mapped geology, other geophysical studies, and wide-spaced reverse circulation drilling, all completed and reported in 2021.
- Significant chargeability anomalies some 800 m to 1100 m wide (east-west) occur on at least four parallel lines covering an area about 1 km north-south, all of which remain open at depth.
A total of 18.8 linear km of pole-dipole IP were surveyed by Quantec Geoscience Chile Ltda. in January and February of 2022, distributed in six east-west lines each 2.6 km to 3.4 km in length, and with each line separated by 250 m, with readings every 200 m. The IP lines cover an area of approximately 3.5 km E-W by 1.5 km N-S, and were located to the south of the Cerro Chiquitín tourmaline breccia in areas covered by post-mineral gravels.