The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Investing

Pampa Metals Finalizes Follow-Up Diamond Drill Program at the Piuquenes Copper-Gold Porphyry Project

by admin January 13, 2024
January 13, 2024
Pampa Metals Finalizes Follow-Up Diamond Drill Program at the Piuquenes Copper-Gold Porphyry Project

Pampa Metals Corp. (‘Pampa Metals’ or the ‘Company’) (CSE:PM)(FSE:FIRA)(OTCQB®:PMMCF) is pleased to advise that it has finalized the follow-up diamond drill program designed to demonstrate Piuquenes Central’s potential to host an orebody of 1,000 m depth and 300 – 500 m diameter

Follow-Up Diamond Drill Program

Following the optioning of the Piuquenes Porphyry Copper-Gold Project (refer 30 November 2023 News Release), on-site preparatory works for a ~2,500m follow-up diamond drill program to test the depth and lateral extension of known mineralization at Piuquenes Central began on 20 December 2023.

This follow-up program of up to 4 drill holes, including two priority drillholes of ~850 – 900 m depth, will commence in mid-January 2024 and is summarized as follows:
• Hole 1 (REC-01) (refer figure 1) is orientated along a northeast-southwest geological section, proximate to the historical P8A (Inmet) and PIU16-DDH01 (Anglo) drillholes and designed to extend the depth of known mineralization at the southwestern edge of Piuquenes Central porphyry.
• Hole 2 (REC-02) (refer figure 2) is orientated along an east-west section, proximate to the historical P4 and P2 drillholes (Inmet) and designed to test the lateral extension of the mineralized body, primarily along the western edge of the Piuquenes Central porphyry.
• A 3rd and possibly a 4th hole will focus on extending known depth to the northeast and southeast edges of the Piuquenes Central mineral body and seek to validate a potential mineral column of 1,000 m depth and 300 – 500 m diameter.

Joseph van den Elsen, the Company’s President and CEO, stated: ‘We are very pleased to have been able to swiftly identify and secure the Piuquenes copper-gold porphyry project and immediately mobilize on the first of an aggressive, multi-campaign exploration program testing its exceptional potential. We look forward to driving significant shareholder value over the short, medium, and long-term as we first test the depth and lateral extension of the reported high-grade intervals of open mineralization (558.2 m @ 0.38% Cu, 0.42 g/t Au & 2.4 g/t Ag (0.73% CuEq)* incl. 130 m @ 0.81% Cu, 0.6 g/t Au & 4 g/t Ag (1.31 % CuEq)* – refer 5 December 2023 News Release) at Piuquenes Central, and thereafter Piuquenes East and other targets from our growing pipeline.’

Figures 1 & 2: Piuquenes Central Schematic Cross Sections

The latest Company Presentation can be accessed at https://pampametals.com/investor/.

ON BEHALF OF THE BOARD
Joseph van den Elsen | President & CEO

INVESTORS CONTACT
Joseph van den Elsen | President & CEO
Joseph@pampametals.com

ABOUT Pampa Metals

Pampa Metals is a post-discovery copper-gold-molybdenum porphyry exploration company listed on the Canadian Stock Exchange (CSE:PM), Frankfurt (FSE:FIRA), and OTC (OTCQB:PMMCD) exchanges.

In November 2023, the Company announced it had entered into an Option and Joint Venture Agreement for the acquisition of an 80% interest in the Piuquenes Copper-Gold Porphyry Project in San Juan Province, Argentina.

Historical intervals of significant copper and gold mineralization at Piuquenes Central (refer 5 December 2023 News Release) include:

413.5 m (167-580.5 m) @ 0.47% Cu and 0.52 g/t Au (0.87% CuEq)*; and558.2 m (362-920.2 m EOH) @ 0.38% Cu, 0.42 g/t Au and 2.4 g/t Ag (0.73% CuEq)*
including 130 m (362-492 m) @ 0.81% Cu, 0.6 g/t Au and 4 g/t Ag (1.31 % CuEq)*

Qualified Person

Technical information in this news release has been approved by Mario Orrego G. Mr. Orrego G. is a Geologist, a Registered Member of the Chilean Mining Commission and a Qualified Person as defined by National Instrument 43-101. Mr. Orrego G. is a consultant to the Company.

* %CuEq values are calculated based on copper and gold metal prices: Cu = US$3.20/lb, Au = US$1,700/oz and Ag = US$ 20/oz. The formula utilized to calculate %CuEq is: Cu Eq Grade (%) = Cu Head Grade (%) +

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
IRS has collected more than $520M in back taxes from delinquent millionaires so far
next post
Canada Nickel Receives Equity Investment from Samsung SDI

Related Posts

Ora Gold Limited

July 29, 2024

3rd Quarter Activities and Appendix 5B

May 1, 2024

Robotics Market Forecast: Top Trends That Will Affect...

January 10, 2024

Vanadium Market Update: H1 2024 in Review

August 15, 2024

Ross Norman: Gold’s Record Highs Driven by China,...

May 8, 2024

Cosa Receives Exploration Permits for the Ursa Uranium...

November 22, 2023

​Tech 5: Tech Stocks Volatile as Recession Fears...

August 6, 2024

Kevin Wadsworth, Patrick Karim: Gold Bull Era Coming,...

March 5, 2025

Uranium Reserves: Top 5 Countries

November 23, 2023

Top 4 Vanadium-producing Countries

May 30, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,430)
    • Investing (3,515)
    • Politics (4,746)
    • World (4,650)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved