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Pampa Metals to Start Drilling at its Redondo-Veronica and Cerro Buenos Aires Copper Projects in Chile
VANCOUVER, BC / ACCESSWIRE / June 2, 2021 / Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM) (FSE:FIRA) (OTCQB:PMMCF) is pleased to announce that i
About this update from Andina Copper Corporation.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / June 2, 2021 / Pampa Metals Corp. (\"Pampa Metals\" or the \"Company\") (CSE:PM) (FSE:FIRA) (OTCQB:PMMCF) is pleased to announce that its first drilling campaign will start in mid-June 2021 in the context of strong and robust copper and precious metals markets. The Company plans to drill test prioritized targets at its 100% controlled Redondo-Veronica and Cerro Buenos Aires projects in northern Chile to a total of approximately 4,000 metres. Julian Bavin, CEO of Pampa Metals commented: \"We are pleased to have progressed to an advanced stage of planning for our initial drill test after a little more than 6 months from inception of the company, despite current Covid-related restrictions. Pampa Metals has 100% control of 8 projects totalling 59,000 hectares in northern Chile, and this first drilling campaign will focus on priority targets at two of them, while we continue to advance exploration activities at the other projects in our portfolio. These are exciting times with the very bullish copper and precious metals markets, and we look forward to the coming campaign.\" Drilling at Redondo-Verónica & Cerro Buenos Aires Planning for an initial drill program at Redondo-Veronica and Cerro Buenos Aires is well advanced and a drill contract has been signed with an experienced contractor in Chile for a minimum of 3,000m of RC drilling, with an overall objective to drill about 4,000m. The campaign will be completed without installing camps at either project, which is highly advantageous in terms of planning, permitting and cost. Engagement and deployment of ancillary services is well advanced. Both Redondo-Veronica and Cerro Buenos Aires show a variety of geological, hydrothermal alteration, geochemical and geophysical anomalies that have led to the definition of several potential porphyry copper (± moly ± gold) -style targets at both projects. These targets have necessarily been prioritised for the purposes of this initial drill test. Further technical information will be released in due course, but the projects can be summarised as follows: Redondo-Veronica (6,600 hectares): Located along the Domeyko (Eocene-Oligocene) mineral belt of northern Chile, and with five separate target areas of hydrothermal alteration characteristic of porphyry copper deposits identified and mapped. Recently completed 3D Ve...