Drilling to Commence at Berrio Gold Project, Colombia
Perth, Jan 25, 2016 AEST (ABN Newswire) - Pacifico Minerals Ltd (ASX:PMY) ("Pacifico" or the "Company") is pleased to announce that a diamond drilling program will shortly commence at the Berrio gold Project, Antioquia, lombia. A planned 15 hole program to be drilled from 10 platforms will target three zones of high-interest.
Recent exploration activities focused on defining mineralisaton at the faulted contact between the Berrio Sediments and Segovia Batholith. Pacifico has mapped the contact for 6 km within its tenements, the contact is projected to continue for a further 8 km within its tenement package.
Soil sampling identified several gold in soil anomalies coincident with the contact, one of which extended north-south along the contact for more than 1 km (see ASX announcement 25 June 2015). Subsequent underground channel sampling at the contact, facilitated by artisanal mines, confirmed gold mineralization, in-situ, at the contact extending to depth (see ASX announcement 18 November 2015).
Revision of IP work completed in 2014 (see ASX announcement 3 July 2014) lends further encouragement to the potential of the contact, several coincident chargeability highs and resistivity lows are recorded at the contact below gold in soil anomalies.
Pacifico are focusing on the contact as it is thought to be the major structure influencing mineralization in the El Vapor/Berrio area. A combination of exploration data, collected over the last two years, highlights three zones considered of highest interest, these three zones will be targeted in the up-coming drill program:
- Down dip and along strike extensions of HIGH-GRADE mineralization sampled in artisanal mines
- High-interest targets defined by a combination of; field mapping of the contact; gold in soil anomalies; and coincident IP chargeability highs and resistivity lows
- A flexure in the contact with a coincident gold in soil anomaly which is considered by Pacifico as a potential structural trap which might develop high grade
Pacifico Minerals Managing Director, Mr Simon Noon said, "based on previous exploration results achieved at Berrio, we are looking forward to further advancing this exciting gold project".
Drilling is expected to commence late January. Ground personnel have already inspected the drill sites and logistics management is well underway. Drillholes are planned between 80 and 170 m in length and will be completed in HQ. Samples will be routinely collected and submitted in batches, with duplicate, blank and CRM inserts, to a ISO certified laboratory for Fire Assay (gold) and multi-element ICP analysis.
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About Pacifico Minerals Ltd
Pacifico 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).