Business
Pampa Metals Provides Exploration Update for Its Copper & Gold Projects in Chile
VANCOUVER, BC / ACCESSWIRE / November 2, 2021 / Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM) (FSE:FIRA) (OTCQX:PMMCF) is pleased to provide an
About this update from Andina Copper Corporation.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / November 2, 2021 / Pampa Metals Corp. (\"Pampa Metals\" or the \"Company\") (CSE:PM) (FSE:FIRA) (OTCQX:PMMCF) is pleased to provide an update and status report for its high-quality portfolio of copper and gold exploration projects located in northern Chile. Pampa Metals has assembled a unique property portfolio for a junior company of eight (8) wholly owned projects, covering a series of greenfield copper and gold targets along the highly productive, world-class mineral belts of northern Chile. The company has a highly qualified board and management, with lengthy experience with major and junior mining companies, participation in significant discoveries, and multiple decades of experience in South America. Technical updates include a current in-house focus on 4 projects and third-party expenditures on a further 2 projects: Drilling at Cerro Buenos Aires continues vectoring towards a large and well-developed copper-gold porphyry-related alteration and mineralization system, covered by post-mineral gravels, where follow-up deeper diamond drilling is being planned. Drilling at Redondo-Veronica indicates deep porphyry potential with vectors derived from hydrothermal alteration and geochemical anomalies found in relevant drill holes, together with geophysical anomalies. Follow-up deeper diamond drilling is being contemplated. Field work at Block 4 has revealed the coincidence of a discrete magnetic high with a dacite porphyry intrusion exhibiting an intense quartz-veinlet stockwork zone. Further field work, including trenching due to limited outcrops, is planned to help define drill targets. Field work at Block 3 has revealed multiple magnetic features of potential interest in post-mineral covered areas, and geological mapping around the periphery of the covered areas has confirmed the prospective nature of the area. Further geophysical surveying is being planned to help define possible drill targets. Third-party Expenditures: Pampa Metals' partner, Austral Gold Ltd (\"Austral\"), has commenced field work at the Company's Morros Blancos project and has recently announced positive preliminary results for a gold target. A second optioned project, Cerro Blanco , is also being advanced by Austral. Business Development: The Company continues to actively pursue additional business development opportunities wit...