Business
Pampa Metals Reports Drilling Results Indicative of a Porphyry System at Its Cerro Buenos Aires Project in Chile
VANCOUVER, BC / ACCESSWIRE / September 15, 2021 / Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM) (FSE:FIRA) (OTCQX:PMMCF) is pleased to provide a
About this update from Andina Copper Corporation.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / September 15, 2021 / Pampa Metals Corp. (\"Pampa Metals\" or the \"Company\") (CSE:PM) (FSE:FIRA) (OTCQX:PMMCF) is pleased to provide an exploration update regarding its 7,600-hectare Cerro Buenos Aires Project in northern Chile, where the Company has completed the drilling of nine reverse circulation (\"RC\") holes totaling 2,738m focused on the Cerro Chiquitin area in the north of the property. Analytical results are pending. See previous news releases dated April 28, May 12, July 7, July 29 and August 3, 2021 for further technical information and updates. Julian Bavin, CEO of Pampa Metals commented: \"The area around Cerro Chiquitin, and to the south, currently shows highly encouraging indications of a porphyry system, with quartz veinlets in drill holes CBA-RC-07 and CBA-RC-08, quartz-sulfide veinlets and phyllic alteration in CBA-RC-02, together with the presence of a significant series of tourmaline breccia bodies and a hydrothermally altered dioritic-magmatic center. Drill hole evidence suggests that the drilling to the north of Cerro Chiquitin is at the periphery of the principal area of interest and reveals quartz veinlets in the pyritic, propylitic halo to the alteration system. Most of the area of interest to the south of Cerro Chiquitin is covered by 40m to 85m of post-mineral gravel cover where the underlying geology is not exposed. The core of the porphyry-related system may not have a footprint of more than 500m x 500m beneath the gravels, and further work is required to focus in on this target area, where sufficient space for a significant system remains untested.\" Technical Summary Three drill holes are located on the east flank of the small outcropping hill at Cerro Chiquitin (see maps at the end of this release), all of which were drilled with an inclination of 60 ° to the west to cut the base of the previously reported tourmaline breccia body exposed at Cerro Chiquitin. Hole CBA-RC-01 cut discrete magmatic-hydrothermal breccia structures with a tourmaline matrix, which in turn cut a magnetite-rich metasomatic alteration in andesitic tuffs. The hole cut 56m of gravel cover and was abandoned at 386m due to technical problems with the drilling. Holes CBA-RC-07 (384m) and CBA-RC-08 (470m) cut important sections of magmatic-hydrothermal breccia with a combination of tourmaline and qu...