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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 successfully completed its drill program at the Redondo-Veronica project, totaling 1,956 meters across 7 reverse circulation (RC) holes. The drill rig has now moved to the Cerro Buenos Aires project, where drilling has commenced, aiming for at least 2,000 meters of testing. Assay results for the 926 samples from Redondo-Veronica are expected in 3 to 5 weeks. Despite the ongoing COVID-19 pandemic, operations have proceeded with minimal disruption, although future impacts remain uncertain.
Pampa Metals Corp. has formalized an agreement with Austral Gold Ltd. allowing Austral to acquire up to an 80% joint venture interest in Pampa's Cerro Blanco and Morros Blancos properties. Austral will cancel 2,963,132 shares of Pampa, representing over 6% of share capital, and commit to $3 million in exploration expenditures over two years. Pampa retains the option to regain an 80% interest if copper is determined to be the dominant mineralization. The companies are optimistic about future exploration opportunities.
Pampa Metals Corp. (OTC: PMMCF) has completed 1500 meters of drilling at its Redondo Veronica project with 4 holes finished, and a fifth ongoing. The company is preparing drilling plans for its Cerro Buenos Aires project after analyzing gradient array IP survey data. Notable potential drill targets include a large chargeability anomaly near Cerro Chiquitin and additional anomalies extending southward. Pampa Metals holds a significant 59,000-hectare property in Chile, known for copper and gold deposits, with ongoing efforts to create shareholder value through major discoveries.
Pampa Metals Corp. (CSE:PM, OTCQB:PMMCF) announced an exploration update for its Block 3 project in northern Chile. A drone-flown magnetics survey is 50% completed, with expectations to finish in 2-3 weeks. Block 3 is strategically located near prominent copper mines, suggesting potential for significant discoveries. Additionally, the company has been upgraded to the OTCQX Best Market, enhancing visibility among U.S. investors. However, ongoing COVID-19 concerns could pose risks to future operations.
Pampa Metals Corp. has initiated its reverse circulation drilling program at the Redondo-Veronica project in northern Chile, aiming for approximately 2,000 meters across 5 to 6 holes. The first hole is already at 270 meters depth, targeting the Cerro Redondo Norte. Assay results are anticipated 4 to 6 weeks post-sampling. Additionally, Pampa Metals has signed a marketing agreement with Lakefront Enterprises Inc. to enhance public awareness and investor engagement. The ongoing COVID-19 pandemic poses potential disruptions, though no significant impacts have been reported yet.
Pampa Metals Corp. has announced the mobilization of a reverse circulation drill rig to its 100% owned Redondo-Veronica project in northern Chile, planning to drill approximately 2,000 meters out of a total 4,000 meters. Initial drilling will focus on the Redondo Extremo Norte, Cerro Redondo Norte, and Redondo SurOeste targets, believed to indicate porphyry copper systems. Following the Redondo drilling, the rig will move to Cerro Buenos Aires for additional work. Assay results are expected in three weeks post-drilling.
Pampa Metals Corp. (CSE:PM)(FSE:FIRA)(OTCQB:PMMCF) has announced its first drilling campaign set to commence in mid-June 2021 at the Redondo-Veronica and Cerro Buenos Aires projects in northern Chile. The campaign will involve approximately 4,000 metres of drilling, focusing on prioritized targets identified through extensive geophysical surveys. The copper and precious metals markets are currently strong, creating favorable conditions for exploration. The company has 100% control of eight projects across 59,000 hectares in Chile, aiming for significant mineral discoveries.
Pampa Metals Corp. (CSE:PM, OTC PINK:PMMCF) announced its qualification for trading on the OTCQB, enhancing its visibility in the U.S. market. The company is now DTC eligible, facilitating faster transactions and broader access for U.S. investors. CEO Julian Bavin expressed optimism about this development, aiming to expand their shareholder base and improve liquidity.
Pampa Metals holds a significant 59,000-hectare portfolio focused on copper and gold projects in Chile, seeking to create substantial shareholder value.
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