For thousands of other reports visit RSC's Mineral Intellingence Map
Pacifico Minerals Ltd.
Summary
| Project: | Sorby Hills | |
|---|---|---|
| Deposit: | Sorby Hills | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 9/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-9-2019: Pacifico Minerals Ltd. announces an Exploration/Drilling Update report for its Sorby Hills deposit at the Sorby Hills project. Drilling results incl. 22m @ 8.82% Pb, 0.34% Zn, 52g/t Ag from 68m. Pacifico Minerals Limited (ASX: PMY) (‘Pacifico’ | |
| Resources: | (Resource, I+I): 29.97Mt @ 3.7% Pb, 0.6% Zn, 43g/t Ag | |
| CP/QP: | [Overall Report]: David Pascoe (Not stated) | |
| ABSTRACT: | Pacifico Minerals Limited (ASX: PMY) (‘Pacifico’ or the ‘Company’) is pleased to provide an update on drilling results from the Phase II drilling program at its 75% owned Sorby Hills LeadSilver-Zinc Mine Development Project (‘Sorby Hills’ or the ‘Project’). Pacifico intends to develop a large near-surface flat-lying lead-silver-zinc deposit located 50km northeast of Kununurra in Western Australia. After completing the acquisition of a 75% interest in the Sorby Hills Project in late 2018, Pacifico carried out a Phase I drill program that significantly increased the size and confidence in the global MRE (29.97Mt of 4.8% Pb equivalent (3.7% Pb, 43g/t Ag) and 0.6% Zn1) and underpinned a PFS completed in 1H 2019. The PFS estimated a CAPEX of A$95.4M to develop the mine, with a 16-month payback and a pre-tax NPV8 of A$243M2 . Importantly the PFS only considered resources in the indicated category (10.85Mt of Indicated Resources with a grade of 5.1% Pb equivalent (3.9% Pb, 46g/t Ag) and 0.4% Zn). | |
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