Berrio Gold Project Update
Perth, June 25, 2015 AEST (ABN Newswire) - Pacifico Minerals Limited (
ASX:PMY) ("Pacifico" or the "Company") is pleased to provide an update on recent exploration activities at the Berrio Gold Project, Colombia. Exploration teams completed soil sampling and underground channel sampling program targeting the mineralised contact between the Berrio Sediments and Segovia Batholith. Assay results are pending for the channel sampling program and are expected within 2 weeks.
Highlights
- Soil sampling program over mineralised faulted contact identifies +1km long gold in soil anomaly which remains open to the south
- Soil sampling program extended and underway
- Underground channel sampling program completed and demonstrates that mineralisation at the faulted contact extends to depth. Assays expected shortly
- Drill program being considered to test the depth continuity of gold in soil anomalies along strike and down dip of artisanal mines.
Managing Director of the Company, Mr Simon Noon, made the following comments in relation to this latest exploration campaign:
"Having identified a significant in soil gold anomaly, associated with the faulted contact, which extends for well over 1km and remains open to the south, excitement is building within the Pacifico team and we are further encouraged that the southern part of this anomaly is proximal to abandoned artisanal workings suggesting that gold mineralisation associated with the anomaly extends to depth."
Soil sampling
Two separate soil grids targeting the highly mineralised faulted contact between the Berrio Sediments and the Segovia Batholith (see ASX announcement 18 February 2015 for further details) were recently completed. A total of 490 samples were collected; 269 from the northern grid and; 221 from the central grid (see Figure 1 in link below). Sample lines are separated by 50m with 20m spacing between sample points.
The Northern Grid extends 1,600m along the faulted contact. Several discreet gold anomalies are identified in close proximity to the faulted contact (see Figure 1 in link). Anomalism extends northward from artisanal mines at the south of the grid.
The Central Grid extends 1,450m along the contact. A near consistent gold anomaly extends along the grid for 1,350m in close proximity to the contact and remains open to south. The southern margin of the anomaly is associated with abandoned artisanal workings and extends several hundred meters north of them.
Underground channel sampling
Underground channel sampling of artisanal workings demonstrates that mineralisation along the contact continues 20 m below surface and remains open at depth. 11 channel samples were taken at varied intervals covering 22 m along strike of the contact.
Two phases of mineralisation are recognised; pyrite and quartz and; sphalerite, pyrite, quartz and carbonate.
Assay results from underground channel sampling are expected shortly.
Future exploration plans
Additional soil sampling is now underway to the east of the central grid to target shear hosted mineralisation in the Berrio Sediments, a style similar to that drilled by Pacifico in its 2014 campaigns. Soil sampling has proven to be a cost effective and efficient method for guiding exploration at Berrio and we look forward to testing the remaining 11km of the faulted contact mapped within our tenement package.
Underground channel sampling of artisanal mines close to the contact will continue.
Guided by gold in soil anomalies Pacifico's geologists are currently designing drill program to test the continuity of highgrade mineralisation at the contact along strike and down dip of artisanal mines.
To view all photographs and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-PMY-724295.pdf
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).
| ||
|
