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Pampa Metals Mobilises Drill Rig to Copper Projects in Northern Chile
VANCOUVER, BC / ACCESSWIRE / June 16, 2021 / Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM) (FSE:FIRA) (OTCQB:PMMCF) is pleased to announce that
About this update from Andina Copper Corporation.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / June 16, 2021 / Pampa Metals Corp. (\"Pampa Metals\" or the \"Company\") (CSE:PM) (FSE:FIRA) (OTCQB:PMMCF) is pleased to announce that it has mobilised a reverse circulation (\"RC\") drill rig to its 100% owned Redondo-Veronica project in northern Chile. The Company plans to drill approximately 2,000 metres out of a total planned program of 4,000 metres, with the balance to be drilled at its Cerro Buenos Aires project. Drilling is expected to start later this week. The Company plans to complete an initial drill test totalling 5 or 6 RC holes at the Redondo Extremo Norte, Cerro Redondo Norte, and Redondo SurOeste targets at its 6,600-hectare Redondo-Veronica project. These targets are characterised by a combination of geological, hydrothermal alteration, and geophysical features that have been interpreted to be representative of porphyry copper systems. The Cerro Redondo Norte target has been the subject of an historic drilling program with unknown results. Drilling Program As previously reported (see news releases dated February 25, 2021; March 23, 2021; and June 2, 2021), Pampa Metals has been advancing rapidly with its exploration program on several of its projects, with detailed geological mapping, geophysical surveying, and incorporation of historic data where available. Five centers of phyllic hydrothermal alteration, which are potentially indicative of porphyry copper style mineralisation, have been identified at Redondo-Veronica, all of which are spatially associated with the Pampa Elvira Fault (PEF) of the Domeyko Fault System, and that traverses the project area from northwest to southeast. Three of the five targets have been selected for an initial drill test to investigate the hydrothermal alteration in the third dimension at depth, which have favourable geophysical features including magnetotelluric resistive, 3D vector IP phase, and magnetic anomalies. Redondo Extremo Norte occurs in the extreme north of the property and to the east of the PEF, and is characterised by \"D\"-type quartz veinlets associated with phyllic alteration over an area of approximately 1.5 km by 1.5 km. This is considered to be indicative of a well-preserved porphyry copper system, and includes 1 peripheral historic RC drill hole of unknown provenance and result, and remains open. Cerro Redondo Norte contains an a...