Pampa Metals Confirms Tertiary Age for Host Rock Porphyry and Native Gold-Sulphide Mineralization in Quartz-Veinlet Stockwork at the Buenavista Target (Block 4 Project)

VANCOUVER, BC / ACCESSWIRE / August 8, 2022 / Pampa Metals Corp. ("Pampa Metals" or the "Company") (CSE:PM)(FSE:FIRA)(OTCQB:PMMCF) is pleased to report the reception of key radiometric age dating and petrographic studies of quartz-veinlet stockwork samples from the Buenavista target at the Company's Block 4 Project, which is located 110 km south of the Escondida mining district in the Cordillera de Domeyko porphyry belt in northern Chile.

The recently obtained Tertiary geological age date is an important additional component adding to the attractiveness of the Buenavista Target. The most productive porphyry copper deposits along the Domeyko Cordillera mineral belt all have Tertiary-aged hydrothermal systems. This data point adds to the geological, geochemical, and geophysical information acquired by Pampa Metals, which together comprise a compelling case for Buenavista to represent a priority drill target along the Domeyko Cordillera - the most productive copper belt in the world. Further geophysical anomalies - combined magnetic and IP responses - under post-mineral cover to the east and north of Buenavista represent additional drill targets of high interest.

Paul Gill, Pampa Metals' CEO, stated: "We are delighted with the latest information from the Buenavista Target. Although no two porphyry systems are exactly the same, the overwhelming evidence to date is that there is a significant system to investigate by drilling at Buenavista, together with several other geophysical anomalies located within the property that appear to have a similar signature."

Foto: Accesswire

DETAILS & KEY Findings:

• Pampa Metals geologists selected valid samples of the central Buenavista porphyry and quartz-veinlet stockwork zone for radiometric age dating and petrographic studies, which were forwarded to the Chilean National Geological Institution ("Sernageomin") and to a prominent Chilean petrographer with extensive experience in porphyry systems, respectively.
• A radiometric age date of 60.3 +/- 1.0 Ma (U-Pb; zircon) corresponds to the host rock of the porphyry-type quartz-veinlet stockwork with molybdenum anomalies found at the Buenavista target in Block 4 (see previous news releases dated June 23, May 24, May 3, March 15, 2022, and October 18, 2021).
  • This confirms that the Buenavista target is a Tertiary-aged hydrothermal system.
• Petrographic studies of the age-dated rock sample show that it corresponds to a magmatic-phreatomagmatic breccia with dacite porphyry clasts, which is highly leached with a "vuggy silica" texture and evidence of silica, illite-sericite, quartz, alunite, and pyrophyllite hydrothermal alteration assemblages. Relicts of leached pyrite mineralization were also determined.
  • At least three types of quartz veinlets were identified: i) saccharoidal quartz with bands of fluid and solid micro-inclusions; ii) gray crustiform quartz with bands of fluid and solid micro-inclusions and with the development of banded dark veins; and iii) low temperature veinlets comprising quartz in rosettes.
  • All of these contain pyrite micro-inclusions, with late fractures occupied by goethite after coarse pyrite, and rare native gold flakes.

Conclusions:

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 2485,05$, was eine Steigerung von +5,00% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

HSBC Trinkaus & Burkhardt GmbH

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer