Welcome to our dedicated page for PAMPA METALS news (Ticker: PMMCF), a resource for investors and traders seeking the latest updates and insights on PAMPA METALS stock.
Pampa Metals Corp. is a copper-gold exploration company listed on the Canadian Stock Exchange (CSE: PM), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges. The company's focus is on the Piuquenes Copper-Gold Porphyry Project in San Juan Province, Argentina. Recent drillhole results have revealed substantial mineralization, including copper oxides, chalcopyrite, bornite, and gold. Pampa Metals has confirmed a highly mineralized porphyry system that remains open at depth and to the north-east, with ongoing exploration to delineate additional deposits and targets.
Joseph van den Elsen, President, and CEO of Pampa Metals, expressed enthusiasm for the project's potential, citing long intervals of primary copper and gold mineralization, and the identification of a second promising target at Piuquenes East. The company is leveraging its recent drilling data, historical information, and geophysical data to advance its exploration efforts. Metallurgical testing, mining concept studies, and preparations for future drill evaluations are key priorities for Pampa Metals.
Pampa Metals Corp. has provided an update on its non-brokered private placement, revealing subscriptions exceeding $2,000,000. The first tranche of $2,000,000 will support the maiden Block 4 drill program. Initially launched on January 19, 2023, the offering aims to raise up to $3,000,000 through 20,000,000 units priced at $0.15 each. Each unit includes warrants allowing the purchase of additional shares at $0.21. Proceeds will primarily fund drilling at the Buenavista target and for due diligence on other copper-molybdenum targets. Pampa Metals holds a 47,400-hectare portfolio of mining projects in Chile.
Pampa Metals Corporation (CSE:PM; OTCQB:PMMCF) announced the discontinuation of its exploration partnership with VerAI Discoveries Inc. This decision aims to refocus the Company's resources on drilling at its priority Block 4 target amid current market conditions. Pampa Metals owns a 47,400-hectare portfolio of seven copper and gold projects in Chile. The Company is advancing four projects with ongoing and planned drill tests, including partnerships with Austral Gold Ltd. Meanwhile, Pampa Metals continues to seek major discoveries along Chile's mineral belts, utilizing advanced geological and technological methodologies to create shareholder value.
Pampa Metals Corporation (CSE:PM, OTC:PMMCF) has engaged PI Financial Corp. to provide market making services effective January 1, 2023, for a fee of $5,000 per month over a twelve-month term. This service aims to maintain an orderly market for Pampa Metals' securities on the Canadian Securities Exchange. PI will not receive shares or options as compensation and will use its own capital for the market making activities. Pampa Metals holds a 47,400-hectare portfolio of copper and gold projects in Chile and is progressing with drill tests on four of these projects.
Pampa Metals Corporation announced management changes and portfolio rationalization on November 22, 2022. Yannis Tsitos resigned as Director, and Gurdeep Bains stepped down as CFO and Corporate Secretary. Joseph van den Elsen, the President & CEO, will now also serve as Corporate Secretary. Bill Tsang, a seasoned professional with over 15 years of experience, will take over as CFO. The company will abandon the Block 2 project and reduce the Arrieros Project's footprint by 10,500 hectares, leading to cost savings and enhanced focus on new opportunities.
Pampa Metals Corporation announced the successful closing of a $600,000 private placement on November 10, 2022. The offering comprised 4,444,444 units priced at $0.135 each, with warrants available at $0.19. The funds will support the upcoming 2,100 m drill program at the Block 4 project, focusing on the Buenavista target, set to commence in early January. The company also plans a second tranche to raise $2,400,000, further detailing management changes and project advancements.
Pampa Metals Corporation (CSE:PM)(FSE:FIRA)(OTCQB:PMMCF) announced a proposed private placement of 4,444,444 units at $0.135 each, aiming to raise $600,000. Each unit includes a common share and a warrant exercisable at $0.19 for three years. Following this, the company plans a further placement of up to 16,000,000 units at $0.15 for up to $2,400,000. Additionally, Pampa Metals is settling $261,800 in debt through share issuance. New appointments include Joseph van den Elsen as President and CEO, with anticipated board changes following the placements.
Pampa Metals Corp. (CSE:PM)(OTCQB:PMMCF) announced promising results from an IP geophysical survey at the Buenavista target within its Block 4 project in Chile. Conducted by Quantec Geoscience, the survey covered 37 km of measurements and confirmed significant chargeability anomalies, suggesting a large mineral system is present. Key targets show extensions of 3.3 km open at depth, indicating potential for drilling. A Q4 2022 drill program is being planned as the company aims to advance its copper and gold projects in a leading mining jurisdiction.
Pampa Metals Corp. has announced the start of an Induced Polarisation (IP) geophysical program at its Block 4 project in northern Chile, covering the Buenavista target. Block 4, situated near the La Escondida copper mine, is vital for copper and gold exploration. Previous trenching revealed significant copper and gold values, including 24 m @ 0.14% Cu and 24 m @ 0.25 g/t Au. The current IP survey aims to identify sulphide minerals and additional drill targets, contributing to Pampa Metals' strategy of significant mineral discoveries.
Pampa Metals Corp. (CSE:PM, FSE:FIRA, OTCQX:PMMCF) has announced the initiation of a geochemical soil sampling program at its Block 4 project in northern Chile. This 6,800-hectare area, near the La Escondida copper mine, has revealed promising copper and gold values from previous trenching, with highlights including 0.26% copper and 0.64g/t gold. The new Buenavista target will undergo diamond drilling post-winter, with additional soil sampling to refine drill locations. Pampa is also assessing other projects and employing AI technologies for mineral exploration.
Pampa Metals Corp. (CSE:PM)(OTCQX:PMMCF) announced updates on exploration activities at its Morros Blancos property in northern Chile, managed by Austral Gold Ltd. Austral is conducting a Bankable Feasibility Study to earn up to an 80% interest in the property. Preliminary results show extensive geological features, including high-sulphidation systems and phreatomagmatic rocks. Austral has completed four of five planned diamond drill holes totaling 1,020 meters, with further drilling expected later this year. Approximately US$1.2 million has been spent to date, with an additional US$1.8 million required to secure a 60% interest.
FAQ
What is the current stock price of PAMPA METALS (PMMCF)?
What is the market cap of PAMPA METALS (PMMCF)?
Where is Pampa Metals Corp. listed?
What is the focus of Pampa Metals Corp.?
What recent results have been reported by Pampa Metals Corp.?
What is the significance of the mineralization findings at Pampa Metals Corp.?
What are the key priorities for Pampa Metals Corp.?
