May 24, 2022
Vancouver – May 24, 2022 – Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE: PM / FSE: FIRA / OTCQX®: PMMCF) is pleased to provide a further update on exploration activities at its 6,800-hectare Block 4 project in northern Chile, and announces the start of an Induced Polarisation (“IP”) geophysical program at the property including coverage 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. 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.
A ground magnetics survey and follow-up geological fieldwork led to the discovery of a porphyry-related quartz-veinlet stockwork zone spatially coincident with a magnetic anomaly (see news release date November 18, 2021), subsequently named the Buenavista target. A trenching program returned copper and gold values including 24 m @ 0.14% Cu and (separately) 24 m @ 0.25 g/t Au (see news released date March 15, 2022).