Corporate Update
Perth, Dec 2, 2015 AEST (ABN Newswire) - Pacifico Minerals Ltd (
ASX:PMY) are pleased to provide a Corporate Update with an overview on, Unlocking High Grade Gold - Columbia; Exploring in a world class base metal district - NT Australia.
Investment Highlights:
- Management team with proven track record of identifying, funding and developing projects
- Valuable in country experience with Pacifico having been operating in Colombia since 2011
- Projects in Colombia feature highly prospective geology, well developed infrastructure
- Operations in Colombia are focused on advancing the Berrio Gold Project situated within the Segovia gold belt, the most prolific gold belt in Colombia from which gold has been exploited for 150+ years
- Exploration at Berrio has produced outstanding results with geologists having traced a faulted and mineralised contact for 6.2km along strike with an additional 7.8km of strike projected within Pacifico's tenements
- Underground channel sampling from artisanal workings yielded multiple samples >1 Oz Au
- Pipeline of quality projects in Colombia with >66,000ha under application including the Natagaima prospect highly prospective for precious and base metals
- Significant copper mineralisation intersected during recent drilling at Coppermine Creek prospect at the Borroloola West Project, NT, Australia
- Borroloola West Project, NT, tenement package extends over 200km. High priority drill ready targets established for copper and zinc-lead.
- Well funded with $2.4m cash (31 October 2015).
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-PMY-745175.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).
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