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GPM Metals Provides Exploration Update For Pasco Project, Peru
TORONTO, ON--(Marketwired - May 09, 2017) - GPM Metals Inc. (TSX VENTURE: GPM) (the "Company" or "GPM") commences Ground Magnetics Survey at the Pasco Project,
About this update from Gpm Metals Inc.
[{"type":"text","content":"TORONTO, ON--(Marketwired - May 09, 2017) - GPM Metals Inc. (TSX VENTURE: GPM) (the \"Company\" or \"GPM\") commences Ground Magnetics Survey at the Pasco Project, Department of Pasco, Peru. The 100% owned Pasco claims (6,300 hectares) are located in the Central Peruvian Zinc belt, approximately 30 Km NE of the Cerro de Pasco Mine and 35km N of the Votorantim / Pan American owned Shalipayco discovery. The Pasco Project is a 6,300 hectare, district scale, greenfields, base metal discovery. These concessions had not been subjected to modern mineral exploration or drilling prior to the staking and acquisition of the properties by the Company's Peruvian Agent in 2014. The Pucara hosted style of Pb-Zn-Ag mineralization at surface, displays similar geological characteristics to the recently discovered zinc resource at Tinka Resources, Awawilca deposit, located approximately 60 kilometers to the NW in the Department of Pasco. Mineralization is hosted within a 5km by 500m zone of dolomitized limestones of the prolific Pucara Formation, at the contact with the Mitu Formation, within a regional scale anticline. Structurally, on a district scale, the mineralization is located at the intersection of a North South trending basement / basin margin structure and the North East oriented Chancay -- Cerro de Pasco Megafracture which cuts and offsets the Coastal Batholith, and forced igneous migration eastwards during the Cenozoic era. The style of mineralization is carbonate replacement, though structurally hosted Au and Cu / Au mineralization in adjacent claims suggests potential for later overprints of intrusive related mineralization. XRF analysis of the samples has defined a 4.25km by 1 km trend anomalous in Silver (20ppm to 152ppm), Lead (100ppm to 3.97%) and Zinc (1000ppm to 2.7%). Two zones highly anomalous in lead and zinc have been delineated. The southern anomaly is currently 1.2km by 500m and open to the south and the northern anomaly is 500m by 500m. Grab samples containing up to 13.3% Zinc, 19.15% Lead and 466ppm Silver were collected from relatively fresh outcrops within the system. 130 five meter long channel rock chip samples were also collected. In the southern anomaly, samples of strongly weathered and leached outcrop are noted as generally anomalous in Lead and Silver, with 75m @ 9.4ppm Silver and 4075ppm Lead in trench 1 being...