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PACIFICO MINERALS LTD

ASX: PMY

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Description

Pacifico Minerals Ltd is a Western Australian based exploration company focused on advancing the Berrio Gold Project located in Colombia. Berrio is situated in the southern part of the prolific Segovia Gold Belt and is characterised by a number of operational, artisanal-scale adits, tunnels, and declines. The project is 35km from the Magdalena River which is navigable to the Caribbean Sea and has excellent infrastructure in place including hydro power, sealed roads and telecommunications coverage. Pacifico also has an interest in two other projects in Colombia, Natagaima and Urrao, and one project, Borroloola West Project, located in the Northern Territory.

The maiden drilling program at Berrio successfully intersected high grade mineralisation in multiple zones including 16m at 11.2g/t Au and confirmed the correlation between induced polarisation anomalies and mineralisation. In October 2014, Pacifico carried out a follow up drill program which generated further evidence of high grade gold intercepts in multiple shear zones over a strike length of ~520m.

In January 2015, Pacifico reinforced the Company’s status as a significant player in the Segovia Gold Belt in Colombia by entering into a binding agreement with AngloGold Ashanti Colombia S.A. to acquire a 100% interest in a suite of tenements surrounding and adjacent to the existing Berrio Gold Project. The additional tenements significantly increased Pacifico’s land holding to a total of 14,318 hectares (143km2) within the prolific Segovia Gold Belt, and provides the Company with title to interpreted extensions of mineralised structures identified during Pacifico’s 2014 exploration campaigns.

Mine For

gold, manganese

Location of operation(s)

Colombia, Northern Territory

Address

Level 10, 553 Hay Street
PERTH, WA, AUSTRALIA

Phone

+61 (0)8 6266 8642

Email

Website


Last Updated

26/3/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.