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Pacifico Minerals Ltd.
Summary
| Project: | Sorby Hills | |
|---|---|---|
| Deposit: | Sorby Hills | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 8/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-8-2018: Pacifico Minerals Ltd. announces a Resource Estimation report for its Sorby Hills deposit at the Sorby Hills project. Updated mineral resource estimate at Sorby hills to JORC 2012 compliance. Pacifico Minerals Limited (“Pacifico” or “Company”) | |
| Resources: | (Resource, I+I): 16.5Mt @ 4.7% Pb, 0.7% Zn, 53g/t Ag | |
| CP/QP: | [Resources]: Geoff Reed, David Williams (Breakaway Mining Services;CSA Global Pty Ltd.) | |
| ABSTRACT: | Pacifico Minerals Limited (“Pacifico” or “Company”) is pleased to announce that it has upgraded the Mineral Resource estimate for the Sorby Hills Pb-Ag-Zn deposit near Kununurra, Western Australia to comply with the guidelines of JORC 2012. Pacifico recently entered into an agreement whereby the company is seeking to acquire a 75% interest in the Sorby Hills Project (Refer to 26 June and 30 July 2018 ASX Announcements for further details). The Mineral Resource estimate previously reported under the JORC Code (2004 Edition) has been comprehensively review by resource specialists, CSA Global Pty Ltd (CSA) and Breakaway Mining Services Pty Ltd (BMS), for reporting in accordance with JORC 2012 guidelines. Pacifico has elected to upgrade its reporting to the new standard in preparation for the next phase of exploration at Sorby Hills and progressing the Project to development. A key result of the review is that there has been no material change to the Mineral Resource Estimate previously reported by KBL Mining Limited (ASX: KBL) on 29 November 2013. Pacifico is pleased to provide further detailed information in the appendix of this announcement, prescribed by JORC Code (2012 Edition) “Table 1”. Mineral Resource Statement Table 1 is a summary of the Sorby Hills JORC 2012 Global Mineral Resource Estimate at 14 August 2018. The global Indicated and Inferred Mineral Resource Estimate is 16.5 Mt grading 4.7% lead, 0.7% zinc and 53 g/t silver. As Table 2 illustrates, the JORC 2012 estimate is not materially different from the JORC Code (2004 Edition) estimate. However, JORC 2012 is a more robust estimate as it includes additional drill holes within the DE Pod. | |
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