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Pacifico Minerals Ltd.
Summary
| Project: | Sorby Hills | |
|---|---|---|
| Deposit: | Sorby Hills | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 2/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2019: Pacifico Minerals Ltd. announces an Exploration/Drilling Update report for its Sorby Hills deposit at the Sorby Hills project. Drilling results incl. 20.0m @ 7.3% Pb, 56g/t Ag, 0.4% Zn from 11m. Pacifico Minerals Limited (“Pacifico” or the “Com | |
| Resources: | (Resource, I+I): 16.5Mt @ 4.7% Pb, 0.7% Zn, 53g/t Ag | |
| CP/QP: | [Overall Report]: David Pascoe (Independent) | |
| ABSTRACT: | Pacifico Minerals Limited (“Pacifico” or the “Company”) is pleased to provide an update on drilling results from the initial Phase 1 drill campaign at its 75% owned Sorby Hills Pb-Ag-Zn Project (“Sorby Hills”) located 50km northeast of Kununurra in Western Australia (See ASX announcement dated 10 October 2018). Introduction The Phase 1 drill campaign was designed to provide angled and oriented diamond drill core into B, C, CD link, D, F and I Deposits (See Figure 1). 72 holes were drilled in [Q4]-CY2018 for a total of 5,372m drilled. These holes were all drilled at a 70o angle from east to west designed to test any intercepting geological structures. Drilling comprised a combination of both reverse circulation (“RC”) to end of hole and RC pre-collar with diamond drilled tails to end of hole (See Appendix 1 and 2). This was the first drilling campaign since an RC drilling program in 2011 and the first diamond drilling campaign since 2010. Fresh drill core has demonstrated again the simple mineralisation which consists essentially of coarse silver bearing galena (lead sulphide). The mineralisation occurs as a sediment replacement deposit predominantly along the flat-lying contact between an upper siltstone and a lower dolomite. Since taking control of the Sorby Hills Project, Pacifico’s strategic focus has been on commercialising the Project with an initial focus on declaring a maiden JORC 2012 compliant Mineral Resource Estimate (“MRE”), increasing the confidence level of the MRE and further optimising the project economics given recent advances in processing technologies. As such, fresh drill core from this most recent campaign is being utilised to assess various density separation techniques designed to separate ore from waste rock to form a pre-concentrated product prior to further concentration via a lead flotation circuit, thereby significantly reducing capital and operating costs. | |
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