Pampa Metals Intersects 304m at 1.07% CuEq* incl. 132m at 1.45% CuEq* from First Drillhole at the Piuquenes Porphyry Project, Argentina - Seite 2

Moderate porphyry A-type quartz stockwork veining is present from approximately 150m downhole, increasing in intensity from 220m depth. Supergene copper enrichment is evident from 220m to 380m depth, partially coincident (from 288 m depth) with increasing intensity of porphyry A-type quartz vein stockworks and evidence of intermineral potassic alteration. A narrow zone of copper oxides is observed from 220 - 229m downhole.

Dense porphyry A-type quartz vein stockwork with chalcopyrite and traces of disseminated bornite mineralization hosted in potassic altered diorite porphyry was intersected from 350m to approximately 650 m downhole. From 650m to approximately 740m a zone of moderate intensity quartz veining was intersected, prior to a zone of sporadic quartz veining which remains open at 867m (EOH). From 730m intermediate argillic alteration is present, as is molybdenite, sphalerite and hematite/specularite associated with grey sericite-chlorite veining and fine-grained disseminated chalcopyrite-bornite. From 830m the host-rock is volcanic, superimposed by sericite-chlorite alteration and disseminated hematite/specularite-pyrite-chalcopyrite mineralization, veining and breccias.

Foto: Accesswire

Images 1 & 2: Porphyry qtz stockwork veining with oxide copper mineralization (Top) and supergene enrichment (Bottom)

Foto: Accesswire

Image 3. Intense Porphyry A type quartz stockwork veining w/primary chalcopyrite mineralization (393-401m)

Foto: Accesswire

ON BEHALF OF THE BOARD
Joseph van den Elsen | President & CEO

INVESTOR CONTACT
Joseph van den Elsen | [e-mail]

ABOUT PAMPA METALS

Pampa Metals is a copper-gold exploration company listed on the Canadian Stock Exchange (CSE:PM), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges.

In November 2023, the Company announced it had entered into an Option and Joint Venture Agreement for the acquisition of an 80% interest in the Piuquenes Copper-Gold Porphyry Project in San Juan Province, Argentina. Previous intervals of significant copper and gold mineralization at Piuquenes Central ( refer 5 December 2023 News Release) include:

• 413.5 m@ 0.47% Cu, 0.52 g/t Au (0.87% CuEq)* (167-580.5 m); and
  • 558.2 m @ 0.38% Cu, 0.42 g/t Au, 2.4 g/t Ag ( 0.73% CuEq )* (362-920.2 m EOH);
  • including 130 m @ 0.81% Cu, 0.6 g/t Au, 4 g/t Ag ( 1.31 % CuEq )* (362-492 m)

Qualified Person