For thousands of other reports visit RSC's Mineral Intellingence Map
Pacifico Minerals Ltd.
Summary
| Project: | Borroloola West | |
|---|---|---|
| Deposit: | Coppermine Creek | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 11/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-11-2016: Pacifico Minerals Ltd. announces an Exploration/Drilling Update report for its Coppermine Creek deposit at the Borroloola West project. JV with Sandfire Resources NL, drill results incl. 23m @ 0.7% Cu, 5g/t Ag, 71ppm Co from 35m. Pacifico Mine | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Pascoe (Internal) | |
| ABSTRACT: | Pacifico Minerals Limited (“Pacifico” or “Company”) (ASX code: PMY) is pleased to report that the 17 hole (2477m) RC drill program to test the Four Mile (zinc-lead), Mariner (zinclead), Johnstons (copper), Coppermine Creek (copper-cobalt-silver) and Berjaya (zinclead) prospects, within the Borroloola West Joint Venture (“BWJV”) tenements (figure 1), has been completed and all analyses received. The BWJV consists of 12 exploration licences and 1 mining licence (1,817 km2 ), and lies west and northwest of the world class McArthur River zinc-lead mine and Rox Resources’ zinc-lead resource at the world class Teena deposit (figure 1). The parties to the BWJV are 51% Pacifico and 49% Sandfire Resources NL (ASX code: SFR). One RC hole, CCR08, was drilled into the Gordons Fault area of Coppermine Creek and intersected 23m of 0.7% Cu and 5g/t Ag (oxidised), including 10m of 1.3% Cu and 8g/t Ag, in a zone of quartz-dolomite veining spatially associated with a stratabound ex-evaporite horizon. The copper-cobalt-silver mineralisation at Coppermine is essentially stratabound and is brought to surface by drag folding along the Gordons Fault. Considering all holes drilled by Pacifico, and all drilling of previous explorers, the average intersection length (table 2) is 26m and the length weighted average intersected grade from the 11 drill holes is 0.5% Cu and 0.016% Co. Most of the previous holes have not been analysed for silver. The outcrop length of the mineralisation is 700m (figure 2). If the zone extends south, dipping gently, from the copper mineralised outcrop at the Gordons Fault there is potential for a large volume of low grade stratabound Mount Isa/ Nifty style copper mineralisation, within which it is possible that there may be significant tonnages of much higher copper (and cobalt, silver) grades (both oxide and primary). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report