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Pacifico Minerals Ltd.
Summary
| Project: | Borroloola West | |
|---|---|---|
| Deposit: | Coppermine Creek | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 10/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2017: Pacifico Minerals Ltd. announces an Exploration/Drilling Update report for its Coppermine Creek deposit at the Borroloola West project. JV with Sandfire Resources NL - Drilling results incl. 68m @ 0.1% Cu from 174m. The Borroloola West Joint V | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Pascoe (Internal) | |
| ABSTRACT: | The Borroloola West Joint Venture consists of 12 exploration licences and 1 mining licence (1,817 km2 ). The parties to the BWJV are 51% Pacifico Minerals Limited (“Pacifico” or “Company”) (ASX code: PMY) and 49% Sandfire Resources NL (“Sandfire Resources”) (ASX code: SFR). A diamond drilling program of 5 holes for a total of 1403m was completed. Analyses results have now been received. Coppermine Creek Two holes were drilled at Coppermine Creek, and both intersected visible copper mineralisation over significant widths. The analyses summarised in Table 1, confirm Pacifico’s mineralisation model, developed from previous exploration drilling and ground EM survey conductivity profiles, that the copper mineralisation is extensive, stratabound, gently dipping and that there are large areas where the depths of this layer are at only 50m to 250m depth. All the copper mineralisation is hosted by the Amelia Dolomite which consists typically of finely bedded dolomite with carbonaceous laminae. It is concentrated within the evaporite rich (now dolomitised) part of the sequence, and often with zones of abundant carbonaceous laminae or crenulated carbonaceous algal mats. The copper mineralisation is present as chalcopyrite and minor bornite which forms disseminations, blebs and lenses throughout the mineralised zones. Table 2 summarizes previous drilling results and demonstrates that both thick and significant copper intersections have been obtained in oxidised and primary copper mineralisation at Coppermine Creek. There remains major potential in the undrilled extension towards the south and east (30km2) of the copper mineralisation (Figures 1 & 2). The next stage of exploration planned at Coppermine Creek will include detailed mapping and rock chip geochemistry over the prospective area to define targets for large economic concentrations of copper mineralisation which could be defined adjacent to major north-south or north-westerly trending faults running through the area (Figure 1). | |
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