June 23, 2022
Vancouver – June 23, 2022 – Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA /OTCQX®: PMMCF) is pleased to report that Quantec Geoscience Chile Ltda. (“Quantec”) has recently completed an IP geophysical survey over the Buenavista target and other covered magnetic anomalies at the Company’s Block 4 project in northern Chile, with encouraging results (see previous news release dated May 24, 2022). Block 4 is located along the principal porphyry copper belt of northern Chile, about 110 km south of the giant La Escondida copper mine. The principal target identified to date, called 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 to the west, south and east.
BLOCK 4 IP SURVEY – FINDINGS & KEY TAKEAWAYS
The survey comprised 37 linear kilometers (“km”) of pole-dipole IP measurements distributed along five E-W lines each 5 to 7 km long. The lines were not evenly distributed, and do not form a regular grid, as they were designed as a preliminary test of a series of separate geological, geochemical, and magnetic anomalies.