Pampa Metals Corp. (“Pampa Metals” or the “Company”) (CSE:PM / FSE:FIR / OTCQB:PMMCF) is pleased to advise excellent progress is being made on its follow-up drill program at the emerging Piuquenes copper-gold porphyry project in San Juan Province, Argentina.
Piuquenes is a newly discovered, gold rich copper porphyry deposit located immediately adjacent to the north of Aldebaran Resources’ (ALDE:TSX-V) giant Altar porphyry copper system. Other large porphyry copper projects in the San Juan Miocene porphyry belt include, El Pachón (Glencore), approximately 30 km to the south, the operating Los Pelambres copper mine (60% Antofagasta plc) in Chile, and Los Azules (McEwen Mining) 50 km to the northeast. Corporate and exploration activity along the belt remains high, with major companies including Rio Tinto, South 32, BHP and Teck also active.
Hole PIU-04 2025DDH (PIU-04) was collared from the eastern margin of Piuquenes Central, 250m northeast of PIU-01 2024DDH (422m @ 0.48% Cu, 0.61 g/t Au, including 132m @ 0.71% Cu, 0.85 g/t Au, refer 18 March 2024 News Release) and 135m northwest of historical shallow drill hole DDH-06 (refer 18 September 2024 News Release). PIU-04 was completed to a depth of 1,105.9m, the deepest hole at Piuquenes to date.
PIU-05 2025 DDH is also a significant step-out, collared 220m east of PIU16-01DDH (558m @ 0.38% Cu, 0.42 g/t Au, including 130m @ 0.81% Cu, 0.6 g/t Au, refer 5 December 2024 News Release) and 270m southwest of PIU02-2024DDH (448m @ 0.42% Cu, 0.46 g/t Au, including 126m @ 0.66% Cu, 0.74 g/t Au, refer 6 May 2024 News Release). Drilling continues at depths of ~900m, with partial logging completed to ~660m.
Samples are being progressively dispatched to the ALS lab in Mendoza and results are pending.
Key Highlights
- Hole PIU-04 2025DDH intersected variable intensity porphyry veining, alteration and copper mineralization over wide intervals and significantly expanded the footprint of the Piuquenes Central porphyry system to the northeast.
- Hole PIU-05 2025DDH has intersected several significant intervals of bornite-rich copper mineralization and extended the core of the Piuquenes Central porphyry system to depth.
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