Pampa Metals intersects Wide Interval of Intense Porphyry Quartz Veining and Copper Mineralization in Third Drillhole at Piuquenes, San Juan Province, Argentina - Seite 2

Joseph van den Elsen, Pampa Metals President and CEO commented: "Following on from the exceptional porphyry copper-gold intersections reported in the first hole of our maiden drill campaign at the Piuquenes Project we are very pleased to observe long intervals of strong primary copper mineralization in the 2^nd and 3^rd holes drilled. Our maiden drill campaign continues to extend the depth and lateral extensions of mineralization at Piuquenes Central. A highly mineralized multi-phase porphyry system has been confirmed and remains open to depth and to the north-east. We expect to report assay results from hole PIU-02 imminently and are excited by what's in front of us as we continue advancing the outstanding opportunity we have delineated at Piuquenes Central and drill test a second, undrilled, outcropping porphyry target at Piuquenes East and other nearby targets."

Foto: Accesswire

Figure 2: PIU-03 Plan View

ON BEHALF OF THE BOARD INVESTOR CONTACT

Joseph van den Elsen | President & CEO 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.

Reported intervals of significant copper and gold mineralization at Piuquenes Central include:

• 413.5 m@ 0.47% Cu, 0.52 g/t Au (167-580.5 m);
• 422 m @ 0.48% Cu, 0.61 g/t Au, 2.9 g/t Ag (198 - 620m);
  • including 132m @ 0.71% Cu, 0.85 g/t Au, 4.3 g/t Ag (220 - 352m);
  • including 80m @ 0.6% Cu, 0.77 g/t Au, 3.2 g/t Ag (468 - 548m)
• 558.2 m @ 0.38% Cu, 0.42 g/t Au, 2.4 g/t Ag (362-920.2 m EOH)
  • including 130 m @ 0.81% Cu, 0.6 g/t Au, 4 g/t Ag (362-492 m)

Qualified Person

Technical information in this news release has been approved by Mario Orrego G. Mr. Orrego G. is a Geologist, a Registered Member of the Chilean Mining Commission and a Qualified Person as defined by National Instrument 43-101. Mr. Orrego G. is a consultant to the Company.

Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENT

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Pampa Metals expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects" and similar expressions, or that events or conditions "will" or "may" occur. These statements are subject to various risks. Although Pampa Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guaranteeing of future performance and actual results may differ materially from those in forward-looking statements.

SOURCE: Pampa Metals Corp.

View the original press release on accesswire.com


The Pampa Metals Corporation Stock at the time of publication of the news with a fall of -3,79 % to 0,178EUR on Lang & Schwarz stock exchange (30. April 2024, 13:35 Uhr).