Pacifico Minerals Ltd Stock Market Press Releases and Company Profile
Gold, Copper and Silver Encountered at Natagaima
Gold, Copper and Silver Encountered at Natagaima

Perth, April 28, 2015 AEST (ABN Newswire) - Pacifico Minerals Limited (googlechartASX:PMY) ("Pacifico" or "Company") is pleased to announce the completion of phase two reconnaissance over part of its 5,230 hectare Natagaima tenement application in the department of Tolima, Colombia (see Figure 1 in link below). A zone of high interest is defined at the intersection of two mineralised structures coincident with strongly developed argillic alteration.

Phase two reconnaissance generated 67 grab samples*, comprising eight float samples and 36 stream sediment samples (18 x <80 mesh and 18 x <2.5 mm) from 18 locations (see Figure2 in link below). Highlight grades include:

- 8.42g/t Au (MO5703)

- 6.2% Cu (MO5724)

- 2.30g/t Au (MO6207)

- 1.89g/t Au and 1.71% Cu (MO5716)

- 1.25g/t Au, 113g/t Ag and 6.05% Cu (MO6222)

Samples generated during phase two reconnaissance are provided in Appendix 1.

Phase two reconnaissance expanded on work completed during phase one reconnaissance (see ASX announcement dated 27 January 2015). Lithological and structural mapping was refined and grab sampling and stream sediment sampling was continued and now covers the majority of Pacifico's Natagaima tenement application (see Figure 2 in link below).

Phase one and two reconnaissance generated a combined total of 123 selective grab samples and 86 stream sediment samples from 43 locations (43 x <2.5 mm and 43 x <80 mesh). All assay data has been reviewed and maps generated for each element by sample type with two mineralised trends recognised.

Two significant mineralised corridors are evident:

- An 11km northeast-southwest long mineralised corridor extending across the sheared granite in the northeast into volcanics in the southwest (see Figure 3). The sheared granite host quartz veins enriched in the copper lead and zinc. Quartz veins hosted in the volcanics are enriched in gold (sample MO5703 @ 8.42g/t Au and MO6207 @ 2.30g/t Au).

- A northwest-southeast mineralised corridor enriched in silver (see Figure 3 in link below).

The intersection of these two corridors is coincident with a well developed area of argillic alteration (see Figure 3) and is considered to be highly prospective. Two areas of interest occurring along the mineralised trends are presented in Figure 3. Follow up exploration is being planned and will likely include detailed mapping and trenching of areas of interest.

To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-PMY-716999.pdf


About Pacifico Minerals Ltd

Pacifico Minerals Ltd ASX:PMYPacifico Minerals Ltd (ASX:PMY) is a Western Australian based exploration company focussed on advancing the Berrio Gold Project located in Colombia. Berrio is situated in the southern part of the prolific Segovia Gold Belt and is characterised by a number of operational, artisanal-scale adits, tunnels, and declines. The project is 35km from the Magdalena River which is navigable to the Caribbean Sea and has excellent infrastructure in place including hydro power, sealed roads, water supply and telecommunications coverage. Pacifico also has an interest in two other projects in Colombia (Natagaima and Urrao) and one project in the NT, Australia (Borroloola West Project).

abnnewswire.com 


Contact

Simon Noon (Managing Director)
Phone: +61 (0)8 6266 8642
Email: info@pacificominerals.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 3) (Last 30 Days: 23) (Since Published: 3430)