Pampa Metals Reports 558.2 Metres Of 0.32% Copper In Drill Hole From 2016

In one of the odder examples of exploration, Pampa Metals (CSE: PM) this morning reported assay results from a drill hole that was conducted in 2016 at its recently acquire Piuquenes porphyry copper-gold project in Argentina.

The assays come from hole PIU16-DDH01, which was conducted by Anglo-American Argentina under a program that saw just one hole drilled, which extended to a depth of 920.2 metres in total length. Events at the time are said to have prevented the proper assaying of the results before Anglo withdrew from the project.

Highlights from the results include:

  • 558.2 metres of 0.38% copper, 0.42 g/t gold, and 2.4 g/t silver
    • Including 296 metres of 0.5% copper, 0.5 g/t gold and 2.7 g/t silver
    • Including 180 metres of 0.71% copper, 0.61 g/t gold, and 3.8 g/t silver
    • Including 130 metres of 0.81% copper, 0.6 g/t gold, and 4.0 g/t silver

The drill hole is said to have hit the mineral intersections initially targeted by a exploration conducted by Inmet in the 1990’s, with mineralization said to be related to copper-gold porphyry hosted quartz veins, which remain open at depth.

Pampa on November 30 entered into an option agreement to acquire an 80% stake in the Piuquenes project, which consists of nine mining titles that cover 1,800 hectares in the San Juan province of Argentina. The project is proximal to several major projects in the region, including the Altar project held by Aldebaran Resources, and Los Azules, held by McEwen Mining.

The company currently is planning aggressive exploration, with a 2,500 metre drill program set to begin in January, followed by a larger program slated to begin in October 2024.

Pampa Metals last traded at $0.14 on the CSE.


Information for this briefing was found via Sedar and the companies 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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

Market Movers: Pampa Metals Jumps As Much As 85% Over Core Photos Of An Unfinished Drill Hole

Pampa Metals (CSE: PM) is one of the biggest movers on the day, jumping as...

Tuesday, February 6, 2024, 12:56:44 PM

Pampa Metals Enters Letter Agreement To Acquire Rugby Resources To Create Porphyry-Focused Explorer

A South America-focused porphyry copper explorer is in the process of being established, with Pampa...

Wednesday, February 19, 2025, 08:54:27 AM

Pampa Metals Reports 422 Metres Of 0.48% Copper In Final First Hole Assay Results

Pampa Metals (CSE: PM) has reported the final assay results from its first drill hole...

Monday, March 18, 2024, 08:57:42 AM

Pampa Metals Formalizes Option Agreement With Austral Gold

Pampa Metals Corp. (CSE: PM) this morning indicated that it has completed a previously announced...

Wednesday, July 28, 2021, 09:52:00 AM