Pampa Metals (CSE: PM) has reported the final assay results from its first drill hole at its Piuquenes Central porphyry target. The results follow partial results released last week for the upper 502 metres of the hole.
Hole PIU-01 was drilled to a total depth of 867 metres, with the intent of extending copper-gold mineralization to depth on the southwestern margins of the porphyry. Supergene copper enrichment was reportedly intersected over a 160 metre interval beginning at a depth of 220 metres.
Highlights from the results include:
- PIU-01: 422 metres of 0.48% copper, 0.61 g/t gold and 2.9 g/t silver, or 1.00% copper equivalent, from a depth of 198 metres
- including 132 metres of 0.71% copper, 0.85 g/t gold and 4.3 g/t silver, or 1.45% copper equivalent.
The results are part of a follow-up drill program that commenced in January, which aims to test the later extensions of high grade intervals of open mineralization previously interested at Piuquenes Central. Before the program began, the company estimated that orebody could expend to a depth of 1,000 metres, while being 300 to 500 metres in diameter.
READ: Market Movers: Pampa Metals Jumps As Much As 85% Over Core Photos Of An Unfinished Drill Hole
The program is to contain up to four drill holes, however commentary on these additional holes was not provided in today’s release. Pampa is currently targeting the third quarter for the release of a resource estimate, while a maiden program at Piuquenes East is slated to commence in the fourth quarter.
Pampa Metals last traded at $0.255 on the CSE.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
